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Agenda 03-09-21 d BEACK�,,,,,,CRA OWN= COMMU N FTY REDEVELOPMENT AGENCY Community Redevelopment Agency Board Meeting Tuesday, March 9, 2021 -5:30 PM GoToWebinar Online Meeting and City Hall Chambers, 100 E. Ocean Avenue 561-737-3256 AGENDA 1. Call to Order 2. Invocation 3. Roll Call 4. Agenda Approval A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda 5. Legal 6. Informational Items and Disclosures by Board Members and CRA Staff: A. Disclosure of Conflicts, Contacts, and Relationships for Items Presented to the CRA Board on Agenda 7. Announcements and Awards 8. Information Only A. Public Comment Log 9. Public Comments 10. CRAAdvisory Board A. CRAAdvisory Board Meeting Minutes- February 4, 2021 B. Reports on Pending Assignments 1. Review of Commercial Properties within Boynton Beach Boulevard Corridor within CRAArea 11. Consent Agenda A. CRA Financial Report Period Ending February 28, 2021 B. Approval of CRA Board Meeting Minutes- February 9, 2021 C. Approval of Commercial Rent Reimbursement Grant Program in the Amount of$11,400 for Premier Medical Center of Boynton Beach, LLC located at 326 W. Boynton Beach Boulevard D. Approval of Commercial Property Improvement Grant Program in the Amount of$23,057.67 for Raj Properties, Inc. located at 109 E. Boynton Beach Boulevard E. Approval of Commercial Property Improvement Grant Program in the Amount of$21,205.80 for AMS Acquisitions, LLC located at 517 NE 5th Avenue F. Approval of Commercial Property Improvement Grant Program in the Amount of$8,930.40 for Loufranco Management Corp. located at 609 N. Federal Highway G. Approval of Commercial Rent Reimbursement Grant Program in the Amount of$15,000 for Appliance King of America, Inc. located at 622 N. Federal Highway 12. Pulled Consent Agenda Items 13. CRA Projects in Progress A. Marketing, Business Promotions, and Social Media Update 14. Public Hearing 15. Old Business A. Update on Purchase and Development Agreement with Boynton Beach REVISED Cottage District Development, LLC for the Cottage District Infill Housing Redevelopment Project B. Discussion and Consideration of the Purchase of the Property located at 115 N E 4th Avenue C. MLK Jr. Boulevard Corridor Commercial Redevelopment and Affordable Multi-Family Rental Apartment Project Update D. CRA Economic& Business Development Grant Program Update and Consideration of Request for Additional Funding E. Discussion of Status of Purchase and Development Agreement with Ocean One Boynton, LLC for the Ocean One Project F. Discussion and Consideration of the Community Input Survey Results for the CRA Project Located at 115 N. Federal Highway 16. New Business A. Discussion and Consideration of Letter of Interest Submitted by the Fish Depot Seafood Market for the CRA owned Property located at 401 E. Boynton Beach Boulevard B. Discussion and Consideration of a Tax Deed Sale for the Property Located at 522 N E 4th Street 17. Future Agenda Items A. CRA District Lighting Improvements B. Update on Sara Sims Park Amphitheater Plans C. Discussions on Tax Increment Financing Agreements 18. Adjournment NOTICE IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE CRA BOARD WITH RESPECT TO ANY MATTER CONSIDERED AT THIS MEETING, HE/SHE WILL NEED A RECORD OF THE PROCEEDINGS AND, FOR SUCH PURPOSE, HE/SHE MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDING IS MADE,WHICH RECORD INCLUDES THE TESTIMONYAND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. (F.S.286.0105) THE CRA SHALL FURNISH APPROPRIATE AUXILIARY AIDS AND SERVICES WHERE NECESSARY TO AFFORD AN INDIVIDUAL WITHA DISABILITYAN EQUAL OPPORTUNITY TO PARTICIPATE IN AND ENJOY THE BENEFITS OF A SERVICE, PROGRAM, OR ACTIVITY CONDUCTED BY THE CRA. PLEASE CONTACT THE CRA, (561) 737-3256,AT LEAST 48 HOURS PRIOR TO THE PROGRAM OR ACTIVITY IN ORDER FOR THE CRA TO REASONABLY ACCOMMODATE YOUR REQUEST. ADDITIONAL AGENDA ITEMS MAY BE ADDED SUBSEQUENT TO THE PUBLICATION OF THE AGENDA ON THE CRNS WEB SITE. INFORMATION REGARDING ITEMS ADDED TO THE AGENDA AFTER IT IS PUBLISHED ON THE CRNS WEB SITE CAN BE OBTAINED FROM THE CRA OFFICE. � ' T t EACH "'1",,"",,CRA : ITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 9, 2021 INFORMATION ONLY AGENDAITEM: 8.A. SUBJECT: Public Comment Log SUMMARY: The CRA Board is being provided the Public Comment Log for the time period since the last Board meeting (see Attachments 1-11). CRA BOARD OPTIONS: No action required at this time unless otherwise determined by the Board ATTACHMENTS: Description D Attachment I - Public Comment Log D Attachment II -Samantha McKenzie Comment 0 O t r r t � O � J N Z o W U m m O N O i.d N N U N U � O N U � N r N O Q N � O U t� C t ' N ,fig U 4ti ( s � C «t � Cn O � o � � Y J t' }r t r N O N W N amantha S.McKenzie f3,Er The Boynton Beach,CPA.has somany wonderful resources available to small businesses.in the area.Areyou taking advantage of this gem?Isyour business listedIn their directory? Oh btw_..[hesy also provided dedicated officers to help guarantee the safety Of your business. Officers Rivera & Paramore have already been fantastic so far! Thank yGu Mercedes Coppin for you and your teams dedication to the successof small business in Boynton Beach- cUi11rti1unitydeuelopment PW C 0 N S U PROPERTY 1E)AAGE, L T A N 1 PUOIL,11C ADjUSTER5AND IE BUSINESS DIRECTORY RY Like = { sariirrier'lt share Add you r Curr TTI nt d BEACK�,,,CRA OWN= COMMU N FTY REDEVELOPMENT AGENCY CRA BOARD MEETING OF: March 9, 2021 CRAADVISORY BOARD AGENDAITEM: 10.A. SUBJECT: CRA Advisory Board Meeting Minutes - February 4, 2021 SUMMARY: See attached minutes. CRAAB RECOMMENDATION: Approved February 4, 2021 CRAAdvisory Board meeting minutes. ATTACHMENTS: Description D February 4, 2021 CRAAdvisory Board Meeting Minutes MINUTES OF THE CRAADVISORY BOARD MEETING WEBEX ONLINE MEETING 100 E. OCEAN AVENUE BOYNTON BEACH, FLORIDA 33435 HELD ON THURSDAY, FEBRUARY 4, 2021, AT 6:30 P.M. PRESENT: STAFF: Anthony Barber, Chair Michael Simon, CRA Executive Director Allan Hendricks, Vice Chair Bonnie Nicklien, CRA Grants & Project Mngr Angela Cruz Crysta Parkinson, Prototype, Inc. Golene Gordon ALSO PRESENT: Sergeant Henry Diehl ABSENT: Thomas Devlin Sharon Grcevic 1. Call to Order The meeting was called to order by Chair Barber at 6:49 p.m. 2. Roll Call Roll was called, and it was determined a quorum was present. 3. Agenda Approval A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda Motion was made by Ms. Gordon, seconded by Ms. Cruz, to adopt the agenda. In a voice vote, the motion passed unanimously (4-0). 4. Information Only -- None 5. Public Comment -- None 6. Consent A. Approval of CRAAdvisory Board Meeting Minutes — January 7, 2021 Motion made by Ms. Gordon, seconded by Mr. Hendricks, to approve the January 7, 2021, minutes. In a voice vote, the motion passed unanimously (4-0). 7. Assignments A. Pending Assignments Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 4, 2021 i. Review of Commercial Properties within Boynton Beach Boulevard Corridor within CRAArea Chair Barber confirmed that there is nothing further to add to the packet and continued to ascertain that the Board's assignment is to make a recommendation on this item. Mr. Simon said yes, and that the Board can look at it as a holistic analysis of the corridor itself, if it is felt that there are properties to keep "on the radar." Again, the CRA Board did not allot any funding to this project; only a task to select a couple of properties that could be of interest in next year's budget. Or the Board can be really general and simply state the Boynton Beach Boulevard Corridor is worthy of attention for certain acquisitions. Mr. Hendricks wondered if any of the Board Members had sent back a Word document about their section with not necessarily recommendations but summaries or maybe an inventory of what they had found. Some discussion followed on who has done what so far and Mr. Hendricks volunteered to do an overall summary to provide a "big picture." Chair Barber suggested that this project needs more guidance, perhaps a dollar amount attached, looking at something to possibly purchase in five years. He noted he is not a fan of busy work. Perhaps a motion to table this and seek out a little more specificity from the CRA Board regarding parameters for more concrete results. In the event no guidelines are forthcoming, then this Board may kick it back and move not to make a recommendation on any of these. Ms. Cruz and Mr. Hendricks agreed. The initial work has been done but the focus for the report is still undefined. Ms. Gordon added that she did not think any recommendations were expected, it was more of a scouting exercise, what is suitable and affordable in that corridor. Motion made by Ms. Cruz, seconded by Mr. Hendricks, to seek clarification regarding what the CRA Board is looking for or if they want a recommendation based on these final four properties. In a voice vote, the motion passed unanimously (4-0). B. New Assignments i. Discussion and Consideration of Survey Questions for Community Input for the CRA Project Located at 115 N. Federal Highway Chair Barber stated there is a lot to this assignment. First question to Mr. Simon is are any of these proposed developers of 115 North Federal hinging their development on the Brightline station actually coming to town. When Mr. Simon said no, Chair Barber then asked what is the task? Mr. Simon explained this item has been before the CRA Board since August 2020. As of the January 2021 meeting, the CRA Board has begun talking about doing an RFP, but has not settled on any of these proposals in the Agenda 2 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 4, 2021 Packet. Having decided to go out for an RFP, what are some of the things the development community should consider important to the CRA in their responses. After much discussion, it was decided community input should be gathered, including a dialog with the newly-formed Downtown Business Coalition (approximately 20 business). Also seeking input from a bigger cross-section of people throughout the City, perhaps a SurveyMonkey. This Board's task is to review questions that Staff has drafted as survey questions as to what should be done with the property. Questions or points of desire can be added or edited to ask the public what should be sought in the RFP. A brief summary of the project (aerial image of project site and what is owned by CRA was shown). • 115 N. Federal Highway • The building is gone and is now a large parking lot. • Can be zoned Mixed Use High, it is in the core so carries a density of 80 units per acre • If workforce housing is approved it would be up to 100 units. • Options to ask for: o Workforce housing o More commercial than normal o No commercial o Public parking o Single-family homeownership, detached/attached • This would be a similar exercise to Cottage District RFP. Survey Questions: 1 . Would you like to see a future redevelopment project incorporate a mix of uses, such as commercial and residential? 2. Would you like to see a full-service grocery store (12,000 up to 20,000 square feet) as a commercial component incorporated into a future project? 3. Would you like to see a hotel incorporated into a future project? 4. Would you like to see Workforce Housing as a component of a future project? 5. Would you like to see larger than required public open space(s) incorporated into the design of a future project? 6. Would you like to see additional public parking spaces incorporated into a future project? 7. Would you like to see accommodations for mass transit or ride sharing amenities (such as bus stops, ride sharing pickup/drop off locations, incorporated into a future project? 8. Are you a resident or business owner in Boynton Beach? 3 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 4, 2021 Before discussing the individual survey questions, general discussion began, including the possibility of upscale restaurants rather than "sporty" kinds, but mostly discussing the limitations of the Mixed Use High zoning. It is important that the public is given background information and understands just what can happen and cannot, such as there will not be any parks. A frank discussion on upscale restaurants and Workforce housing in the same building, for instance, seems mutually exclusive. Chair Barber asked about the purpose of the survey, who initiated it. Mr. Simon said it was initiated by the CRA Board Chair. Mr. Hendricks added that if there is not a survey, people are going to claim nobody asked them about the redevelopment; to which Ms. Cruz agreed the public should be involved. Mr. Simon noted that the CRA is a public agency that owns the property and continued to explain the reasoning behind the survey and how such projects have been conducted in the past. It's a forgone conclusion that this is going to be a mixed used project; however if the Board does not want mixed-use, or if the survey came back with 200 residents saying, no, they don't want mixed use, the plan would be rewritten and the zoning changed. As to the grocery, Mr. Simon noted one of the letters of interest, an independent grocer, is interested in opening a grocery store there (has had a grocery store in Boca for 35 years). The store would most likely be 10,000- 15,000 square feet and would employ neighborhood people and may include something unique incorporating neighborhood gardening. This is a viable letter of interest different from the others. The purpose of releasing the RFP with suggestions is to direct the developer, it doesn't mean all those suggestions can or will be met. Rather than CRA releasing set questions for the survey, they have come to CRAAB to get input on what it feels are important before going to the general public. Ms. Gordon proposed the need for affordable office space as so many new spaces are sitting empty now because of the price. Mr. Hendricks said he had heard this mentioned before. Mr. Simon thought perhaps some language early on that a certain percentage of office space could be offered at below- market value and subsidizing could be sought to make it happen. Ms. Cruz added that with the trend of working at home since Covid-19, perhaps office space is not the best use of available space; perhaps more restaurants/ apartments/housing. Mr. Simon suggested perhaps the developer should provide wi-fi, not only to the individual units but to the plaza of commercial users. Such "smart technology" would not only include wi-fi but even the City's new cooling energy plant, as the building codes now are pretty strict, pushing toward green/sustainability. 4 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 4, 2021 Chair Barber proposed the following recommendations to the survey questions: Q1. Should have a clearer explanation of mixed use within the question? Q2. Example of the type of grocery store that is within that size scope Q4. Example of home prices for workforce housing. Q5. Example of what a public open space is. Q7. Examples of Ride Sharing. Discussion continued predominantly on the criteria behind the meaning of Workforce Housing, the style and what the developer wants to build, and the resulting prices of everything related to the project. The discussion included tax credits for Workforce Housing, there may or may not be an advantage to the developer, remembering the Workforce and Affordable Housing are two different things (Workforce is not much of a difference to standard market value). Mr. Simon said the community is likely aware of the cost of housing in Boynton Beach and that affordable housing would be great, elected officials support it, and there definitely is a hole in the market. A survey question on this would be one way to let the community tell us they agree with us. The goal is to get reassurance from the community that things are on the right track. The next discussion was on rentals/condos/residential. It is difficult to tell the market what to build. A survey question on what the public wants, rental or ownership, could be added. Ms. Gordon noted there are more rental properties right now in Boynton and from what she has seen, they are not that affordable. One thing to consider is that ownership brings in taxes; there are still so many buildings (all rentals) coming up on Old Boynton and more are coming. Going forward, each question was discussed, with the remaining language given as a recommendation to the CRA Board- 1 . oard:1 . Would you like to see a future redevelopment project incorporate a mix of uses, such as commercial and residential? [as is] 2. Would you like to see a grocery store as a commercial component incorporated into a future project? [as modified] 3. Would you like to see a hotel incorporated into a future project? [split on even keeping this question in the survey.] 4. Would you like to see Workforce Housing as a component of a future project? [as is] 5. Would you like to see larger than required public open space(s) incorporated into the design of a future project? [confusing, clarify the language] 6. Would you like to see additional public parking spaces incorporated into a future project? [as is] 5 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 4, 2021 7. Would you like to see accommodations for mass transit or ride sharing amenities (such as bus stops, ride sharing pickup/drop off locations) incorporated into a future project? 8. [new question] Would you like to see smart technology (such as public wifi, energy efficiency) incorporated into a future project? 9. Are you a resident or business owner in Boynton Beach? [as is] The Board would like to see some language included in Question 1 about affordable office space; Mr. Simon said "commercial, office, residential" could be added. Some discussion ensued. Motion made by Ms. Gordon, seconded by Ms. Cruz, to forward the CRA Board the above recommendations to the proposed survey. In a voice vote, the motion passed unanimously (4-0). 8. Adjournment Upon motion duly made and seconded, in a voice vote, the motion passed unanimously (4-0) and the meeting was adjourned at 8:12 p.m. Attachments: Draft BBCRA Survey Questions [Minutes transcribed by M. Moore, Prototype, Inc.] 6 � ' T t EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY CRA BOARD MEETING OF: March 9, 2021 REPORTS ON PENDING ASSIGNMENTS AGENDAITEM: B.1. SUBJECT: Reviewof Commercial Properties within Boynton Beach Boulevard Corridor within CRA Area SUMMARY: At their July 14, 2020 meeting, the CRA Board assigned the CRAAB with the task of identifying available properties located within key commercial and light industrial areas of the CRA. CRA staff will provide the CRAAB with a list of properties found on Costar/LoopNet and the Multiple Listing Service that are being marketed as "for sale." The CRA Board's assignment involves the CRAAB performing research and analysis on these properties. The goal of the assignment is to have the CRAAB provide a priority list of properties or recommendations on whether or not to pursue possible acquisition based on available funding. All land assemblages for future redevelopment shall be in furtherance of the 2016 Boynton Beach Community Redevelopment Plan. At the August 11, 2020 Board Meeting, the CRA Board provided further direction for CRAAB to focus on the Boynton Beach Boulevard corridor for the assignment to coincide with the future Boynton Beach Boulevard roadway improvements and other redevelopment activities. CRA staff has provided the results of available property searches from CoStar/LoopNet as Attachment I. At the February 4, 2021 meeting, the CRA Advisory Board requested additional information from the CRA Board regarding the goal of the assignment. The CRA Board provided the following direction at their February 9, 2021 Board meeting: Of the properties for sale along Boynton Beach Boulevard, categorize them as one of the following options: • Pursue now as a land banking opportunity; or • Pursue at a future time to be determined by the CRA Board; or • Do not pursue because it does not fit the CRA mission Using the suggested categories, the CRAAB has finished the assignment and has provided their recommendations to the CRA Board. FISCAL IMPACT: To be determined. CRA PLAN/PROJECT/PROGRAM: 2016 Community Redevelopment Plan CRAAB RECOMMENDATION: At their March 5, 2021 meeting, the CRA Advisory Board made the following recommendations: Pursue Now as a pursue at a Future Does not Fit the Property Address Land Banking Date CRAMission Opportunity 202 W. Boynton X Beach Boulevard 225 W. Boynton X Beach Boulevard 420 W. Boynton No longer available: Beach Boulevard Sold in December 2020 for$1.69 million 433 W. Boynton X Beach Boulevard CRA BOARD OPTIONS: To be determined. ATTACHMENTS: Description D Attachment I -Commercial Properties for Sale on E. Boynton Beach Blvd Prepared for Presented by Michael Simon 3/4/2021 Boynton Beach Community Redevelopment Agency (561)706-6657 simonm@bbfl.us Properties for Sale Price $749,000 Property Notes Status Active Sale Notes 223'fronting busy Boynton Beach Blvd east of 1-95. Rear Alley Access! Zoned C2 in the City of Boynton Beach. In the Community Redevelopment Agency District-Incentives and Grants available. Just East of 1-95 in Downtown Boynton Beach with easy access to US 1, 1-95,the beaches, restaurants,shopping and more. *No warranty or representation,expressed or implied is made as to the accuracy of the information contained herein and same is subject to errors,omissions, change of price, rental or other conditions,withdrawal without notice,and to any special listing conditions, imposed by our principals. Price $1,895,000 Property Notes Status Active .v Property Description Corner property with multiple access points,an assemblage of four properties,260 FT frontage on Boynton Beach Blvd and 470 FT frontage on NW 3rd Court. Two Commercial Buildings directly on Boynton Beach Blvd.and two residential dwellings on NW 3rd Court.with the potential to change the zoning to commercial on the two residential dwellings.The property is only 2 blocks from the 16 Acre Town Square Boynton Beach Redevelopment, Easy Access to 1-95, located directly on Boynton Beach Blvd. �r , Price $2,199,000 Property Notes Gross Leasable Area 5,032 SF Status Active t Sale Notes For Sale Freestanding 5032SF Building on 27,122SF lot w/established since 2003 fully operational 94 child capacity preschool/daycare.Zoned C-2 Commercial, 200'Frontage on W Boynton Beach Blvd&20 parking spaces.Offers full kitchen,administrative office,utility room, partitioned classrooms(each equipped w/its own rest room &faucet,emergency exit doors.ADA Compliant. Covered Patio 6'high wrought iron/concrete fence&artificial turf wraps around 2 playgrounds. Lots of Natural Light.Win Community Reinvestment Act,TCEA&DTOD city boundaries. DO NOT DISTURB Owner Occupant. No Money Down, Commercial Mortgage SBA 7a 100%LTV available add working capital,equipment&buildout into a 25 year term,on a yearly adjustable note. Call For Appointment Se Vende Independiente Edificio 5032SF en 27,122SF lote w/establecido desde 2003 en pleno funcionamiento con capacidad para 94 ninos preescolar/ guarderia.Zona comercial C-2,fachada de 200'en W Boynton Beach Blvd y 20 plazas de aparcamiento. Ofrece cocina completa,oficina administrativa, Iavadero,aulas divididas(cada una equipada con su propio bano y grifo,puertas de salida de emergencia.Cumple con la ley ADA. Patio cubierto Cerca de hierro forjado/concreto de 6'de altura y cesped artificial que envuelve 2 areas de juego. Lotes de Iuz natural.Con la ley de reinversion comunitaria,Iimites de la ciudad de TCEA y DTOD. NO MOLESTAR Propietario Ocupante.Sin pago inicial,hipoteca comercial SBA 7a 100%LTV disponible agregue capital de trabajo, equipo y acumulacion en un plazo de 25 ants,en un nota anual ajustable. Llame para una cita � ' T wamBt EACH _"CRA: COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 9, 2021 CONSENT AGENDA AGENDAITEM: 11.A. SUBJECT: CRA Financial Report Period Ending February 28, 2021 SUMMARY: The following CRA monthly financial and budget reports for the period ending February 28, 2021 are presented to the CRA Board: Statement of Revenues, Expenditures and Changes in Fund Balance Report; and Budget Comparison Schedule - General Fund (Attachment 1). FISCAL IMPACT: FY 2020-2021 Annual Budget CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan and FY2020-2021 CRA Budget CRA BOARD OPTIONS: Approve the C RA's monthly financial and budget report for the period ending February 28, 2021. ATTACHMENTS: Description D Attachment I - Monthly Financial Report for Period Ending February 28, 2021 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Statement of Revenues,Expenditures and Changes in Fund Balances Through Year to Date-February 28,2021 Total Debt Service Governmental General Fund Projects Fund Fund Funds REVENUES Tax increment revenue 14,999,719 14,999,719 Marina Rent&Fuel Sales 466,833 466,833 Contributions and donations - - - - Interest and other income 60,076 62,288 738 123,102 Total revenues 15,526,628 62,288 738 15,589,654 EXPENDITURES General government 1,343,916 - - 1,343,916 Redevelopment projects - 5,546,612 5,546,612 Debt service: - Principal - Interest and other charges - - - Total expenditures 1,343,916 5,546,612 - 6,890,528 Excess(deficiency)of revenues over expenditures 14,182,712 (5,484,325) 738 8,699,126 OTHER FINANCING SOURCES(USES) Funds Transfers in - 9,931,300 2,137,822 12,069,122 Funds Transfers out (12,069,122) - - (12,069,122) Total other financing sources(uses) (12,069,122) 9,931,300 2,137,822 - Net change in fund balances 2,113,590 4,446,976 2,138,560 8,699,126 Fund balances-beginning of year 3,182,928 11,040,801 116,097 14,339,826 Fund balances-end of year 5,296,518 15,487,777 2,254,657 23,038,952 Footnote: Transfers between funds include monies received from TIF and carryover from general fund balance. The notes to the basic financial statements are an integral part of this statement. 1 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Budgetary Comparison Schedule General Fund Through Year to Date -February 28, 2021 Original Budget Final Budget Actual REVENUES Tax increment revenue $ 14,852,192 $ 14,852,192 14,999,719 Marina Rent&Fuel Sales 1,000,000 1,000,000 466,833 Interest and other income - - 60,076 Other financing sources(uses) 100,000 545,561 - Total revenues 15,952,192 16,397,753 15,526,628 EXPENDITURES General government 3,883,070 3,883,070 1,343,916 Total expenditures 3,883,070 3,883,070 1,343,916 Excess of revenues over expenditures 12,069,122 12,514,683 14,182,712 OTHER FINANCING SOURCES (USES) Carryover fund balance - Transfers out (12,069,122) (12,514,683) (12,069,122) Total other financing sources(uses) (12,069,122) (12,514,683) (12,069,122) Net change in fund balances $ - $ - 2,113,590 Fund balances-beginning of year 3,182,928 Fund balances-end of year 5,296,518 The notes to the basic financial statements are an integral part of this statement. 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 V7 L N m ri O O O O O O O N to Ln O O O N m 00 Ln 7 r` r` 00 O O O ti O O ri to O Ln M O O .� m c-I O O O O O O O m O r` O O O Ln 7 r` O to m m m M O O 7 co O N to O -Zi- co ti O m O M O O O O O Ln to M O O O N O to N 7 W l0 7 W O O o0 4 O O r` Lf1 o0 m \ Lf1 Lf1 O 00 f` O O O l0 f` W M m m 00 m f` O O M l0 M m m 00 f` m i$7 co „ ri ri ri ri ri ri n (DA+ N c N o O Oq O O ri N m M o0 O O N Ln to O O O M to O O 7 O N c-I . 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CRA BOARD OPTIONS: Approve the February 9, 2021 CRA Board Meeting Minutes ATTACHMENTS: Description D Attachment I - February 9, 2021 CRA Board Meeting Minutes MINUTES OF THE COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING HELD ONLINE VIA THE GOTOWEBINAR PLATFORM BOYNTON BEACH, FLORIDA ON TUESDAY, FEBRUARY 11, 2021, AT 5:30 P.M. PRESENT: Steven B. Grant, Chair Mike Simon, Executive Director Ty Penserga, Vice Chair Thuy Shutt, Assistant Director Justin Katz, Board Member Tara Duhy, Board Counsel Woodrow L. Hay, Board Member Christina Romelus, Board Member 1. Call to Order Chair Grant called the meeting to order at 5:30 p.m. 2. Invocation Chair Grant sang Lift Every Voice and Sing for the invocation. The members recited the Pledge to the Flag. 3. Roll Call Roll call was taken. A quorum was present. 4. Agenda Approval A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda Motion Board Member Hay moved to approve the agenda. Board Member Katz seconded the motion for discussion. He requested a broad discussion about tax increments and some ideas about how to evolve and innovate some of the CRA's older practices as a future agenda item. Motion Board Member Hay moved to approve as amended. Vice Chair Penserga seconded the motion. The motion unanimously passed. Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 5. Legal A. Approval of the Restrictive Covenant for Phase II of the Seabourn Cove Tara Duhy, CRA Board Counsel, explained this was a request by the new owner of the Seabourn Cove project that was subject to two separate DIFA agreements in 2012. Those agreements were previously amended and assigned to Seabourn Cove LLC. In January of this year, Seabourn Cove was purchased and the DIFA's transferred to the new owners, Seabourn Cove Holdings, LLC. As part of the transaction, Restrictive Covenants have to be recorded. The Restrictive Covenants for Phase I were recorded, but not for Phase II. The DIFA for Phase II requires the CRA approve the Restrictive Covenants prior to recording. Attorney Duhy reviewed the Restrictive Covenants as contained in the agenda item and recommened approval. Chair Grant asked if they could ensure the requirements were being adhered to. Attorney Duhy responded they could, and it would require notification to the owners of the units of the inspection. The Restrictive Covenants automatically end on the termination of the DIFA. There are two years left on Phase I and three years left on Phase II. Motion Vice Chair Penserga moved to approve. Board Member Hay seconded the motion. The motion unanimously passed. Mr. Simon will keep the Board apprised and noted it is a requirement for the payment. Attorney Duhy will also monitor the DIFA deadline. Attorney Duhy noted there was no activity to report impacting CRA's under consideration in Tallahassee. 6. Informational Items and Disclosures by Board Members and CRA Staff: Board Member Katz spoke to Bonnie Miskel regarding Davis Camalier and his property on Federal Highway and Boynton Beach Boulevard. Board Member Hay had no disclosures. Board Member Romelus spoke with Ms. Miskel regarding the property on Federal Highway. Vice Chair Penserga also spoke to Ms. Miskel regarding Item 15D on the agenda. 2 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 Chair Grant spoke with Ms. Miskel today and Colin Groff, Assistant City Manager. He was talking with Mr. Simon and asked if there was an update on any City and CRA discussions about parking garages and learned there were none. A. Disclosure of Conflicts, Contacts, and Relationships for Items Presented to the CRA Board on Agenda 7. Announcements and Awards 8. Information Only A. Public Comment Log 9. Public Comments Mr. Karjalainen, ITS, explained how the meeting would proceed and how the public can participate. Chair Grant opened Public Comments. Tim Collins, 1022 N Federal Highway, owner of the Fish Depot Seafood Market, commented all should have received an email from him about the ABC Equipment Rental building, which did not close. He announced he was looking at the location to negotiate a lease as a temporary location for the fish market. He has to move by the end of the month. When he found out the closing did not occur, he sought alternatives and thought there were ways to negotiate a deal around a transaction in progress and inquired if the Board would. He identified a few other locations for his business, but neither of them were in Boynton Beach and he wanted to stay because he has a very strong client base. Mr. Collins advised he sent a letter seeking information to look at a lease negotiation when they closed, which should have been at the end of last month and the beginning of this month. Chair Grant explained the CRA does not yet own the property and it was subject to the current property owner and to the Board approving a temporary lease. At prior meetings, the Board agreed to work with Mr. Collins to help him remain in the CRA district. Chair Grant explained they would need a motion to discuss the matter under new business and any sort of lease would have to be approved next month. Mr. Collins queried if the Board could approve it at a City Commission meeting and learned they could not. Mr. Collins requested to see a standard lease, but the CRA does not have a standard lease. The Board would have to discuss it at tonight's meeting. 3 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 Motion Vice Chair Penserga moved to amend to agenda to add 16 A Discussion for Mr. Collins. Board Member Hay seconded the motion for discussion and commented he supported whatever the Board could do to assist Mr. Collins. Vote The motion unanimously passed. John O'Hara, 10960 Stafford Circle South, commented he is a member of the Downtown Business Coalition and they were told to attend this meeting regarding the property at 115 N Federal Highway and what they would like to see there. He understood there was a push for workforce housing, but the other Coalition members would like to see a boutique hotel or a seasonal business to frequent the local businesses on Ocean Avenue and the vicinity. Chair Grant noted the item was on the agenda as item 15 B Old Business and that the CRA is conducting a survey on the matter. Lois Smith, 122 NW 8th Avenue, noted there were metal rods put on the electrical poles near 122 NW 81h Avenue on the west side of Ocean Breeze. She was unsure if the CRA installed them, but was concerned if there would be any negative effects on the residents. She also commented she attended the meeting a few times requesting FPL to remove overgrowth on the electrical wires that feed into the homes and advised it was as if they are at a standstill. Ms. Smith explained she was shocked to see how high her water bill was last month. She compared it to the bill she got today and it was less. The bill was close to $30 plus dollars more. She thought it was a big jump for the residents in the Heart of Boynton and hoped someone could answer those questions. Chair Grant requested she take a picture of the rods on the pole and submit it to the City on its new app, which makes it easier for residents to report issues and ask questions, but he noted it was a City/FPL question. Regarding Ms. Smith's second question, he recommended she do the same. It was also a City of Boynton Beach and FPL question. He did comment after she spoke at the last meeting, he drove up NW 1St Street and saw the street lights were not working because the overgrowth blocked the light. Ms. Smith reported she still has the same issue and it has not been addressed for several months. Each time she calls FPL, they say they are in a meeting to try to address it, but there has been no change. He requested she send pictures through the app and suggested she call the Utility Department and ask for an explanation. Board Member Hay commented he did see FPL on NW 4th Street and on 31d Street cutting some limbs. He did not know if it was a lack of manpower, but thought perhaps FPL could expedite the matter or add manpower. He has seen them in the neighborhood. Ms. Smith noted this has been ongoing for months and there has been 4 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 no change. She was concerned a fire could start when it rains heavily or there is lightning. She hoped something would happen this time. No one else coming forward. Public Comments was closed. 10. CRA Advisory Board A. CRA Advisory Board Meeting Minutes - January 7, 2021 B. Pending Assignments 1. Review of Commercial Properties within Boynton Beach Boulevard Corridor within CRA Area a. Reports on Pending Assignments Mr. Simon had a request from the Advisory Board on their pending assignments, which was a review of commercial properties on the Boynton Beach Corridor. They asked for further clarification on what the CRA Board is expecting as they report so they can close out the item. Chair Grant explained the Advisory Board has three options: indicate the property is something to land bank or buy; indicate if the property is something that may have value in the future; or indicate if the property does not fit the CRA's mission. Mr. Simon requested clarification that those options would apply to any commercial or industrial properties for sale and learned it was and it would be excellent if they provide a reason. Motion Board Member Katz so moved. Vice Chair Penserga seconded the motion. The motion unanimously passed. 11. Consent Agenda A. CRA Financial Report Period Ending January 31, 2021 B. Approval of CRA Board Meeting Minutes - January 12, 2021 C. Approval of Second Amendment to the Granicus, LLC Agreement for Website Design, Build and Maintenance Services D. Consideration of the Revised Interlocal Agreement and the Purchase and Sale Agreement with the City of Boynton Beach for the Historic Woman's Club of Boynton Beach located at 1010 S. Federal Highway 5 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 12. Pulled Consent Agenda Items Chair pulled items C and D. C. Approval of Second Amendment to the Granicus, LLC Agreement for Website Design, Build and Maintenance Services Chair Grant commented when he goes to Catch Boynton.corn he is not automatically redirected to Boynton Beach CRA.com which needs to be fixed. He looked forward to working with them in the upcoming year and getting all the kinks out regarding the new site. Motion Board Member Hay moved to approve. Board Member Romelus seconded the motion. The motion unanimously passed. D. Consideration of the Revised Interlocal Agreement and the Purchase and Sale Agreement with the City of Boynton Beach for the Historic Woman's Club of Boynton Beach located at 1010 S. Federal Highway Chair Grant noted this Board had a second agreement with the Boynton Woman's Club. He wanted to ensure the City honors that agreement to use the property and ensure this organization can use it as well, especially since the CRA is giving them the building and paying them $750K over the next three years, that they do not charge the CRA. Thuy Shutt, Assistant Director, explained the ILA requires the previous and prior rental agreements be honored by the City. The City would have to look at the rental agreements before putting other restrictions in place and it would have to go back to the City. There is an agreement with the Boynton Woman's Club and they could add language the City shall honor all the bookings and agreements in place at the time they take possession of the property. Chair Grant asked about other organizations such as the Boynton Beach Garden Club and learned there was no request from the Garden Club, it was from the Historical Society. All that was booked to the time they turn over the land will be honored by the City and the City Commission would have to agree to any new agreements with the Boynton Women's Club. Motion Board Member Romelus moved to approve. Board Member Hay seconded the motion. The motion unanimously passed. 6 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 Motion Vice Chair Penserga moved to approve the remainder of the Consent Agenda. Board Member Hay seconded the motion. The motion unanimously passed. 13. CRA Projects in Progress A. Announcement of Website Redesign for Boynton Beach CRA.com Bonnie Nicklien, CRA Grants and Project Manager, explained in April 2020, the CRA entered into an agreement with Granicus to design and build a new website for the CRA that is inclusive, informative and visually appealing. Features include, rebranding to Boynton Beach CRA.com from the Catch Boynton website. The CRA will maintain the former domain, and any future searches will be redirected. Ms. Nicklien reviewed the website, which exceeded ADA standards. She thanked Debby Majors, Grants and ADA Coordinator, and Ted Goodenough, ADA Coordinator Assistant, for their assistance and feedback. The website also has accessibility profiles for blind users and various cognitive abilities for ADHD. They recreated a clean organized look with easy navigation. She noted the website has a public record request portal. Ms. Coppins gave overview for the Business Promotions and Events Tab. When the user selects an event tab, they are directed to the page which has photos and event highlights. She also highlighted the business directory, which they would like to grow and include all CRA District businesses. They highlight businesses each week. She noted all listings must be approved by staff and be in the CRA District. Ms. Nicklien further reviewed the Business and Development tab has business and housing grant applications, development opportunities, RFP's/RFQ's and the SMOP Program. Ms. Coppins reviewed the Boynton Harbor Marina tab and the Marina amenities as well as waterfront dining and recreational activities, with photos, listings and phone numbers of the businesses located there. Ms. Nicklien explained the BBCRA projects page shows completed projects, current and future projects and additional information. They have an interactive boundary map, Ms. Nicklien thanked Jennifer Marangos, Senior GIS Analyst, for her work on the map. Ms. Coppin announced marketing of the new website started this week and they will roll it out across social media this month. Board Member Hay thought it was awesome and commended staff. There are 240 businesses on the list the CRA maintains. Staff has been going door-to-door to District businesses to collect information. Mr. Simon thanked the staff, and particularly Ms. Nicklien and Ms. Coppins for their hard work on creation of the website. 7 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 B. Marketing, Business Promotions, and Social Media Update Renee Roberts, CRA Social Media and Communications Specialist, reviewed a PowerPoint presentation on their business social media marketing and business promotion efforts in January. Each week they try to share a post related to a prior media project. They published Promenade Park which has a Scenic Trail and the booking availability of the Historic Women's Club of Boynton Beach. Examples of posts to encourage the public to shop and dine locally were viewed. Banana Boat and a Valentine's Celebration on Ocean Plaza on February 13th was viewed. They also highlighted Guaca Go and the partnership between the Boynton Harbor Marina and Boynton Ice. Visuals of ads in the Coastal Angler were viewed. Ms. Coppins reviewed blogs and the newsletter. The newsletter had eight categories and the feature story answered frequently asked questions about the purpose of the CRA. The Redevelopment Section had an overview of the Cottage District. The hashtag Hit the Biz section highlighted five businesses. The newsletter also had promotions and availability about the Historic Woman's Club Boynton Beach, program information about social media outreach program (SMOP), the Boynton Beach Bucks promotion, the new website, the Affordable Workforce Housing Grant program and the Neighborhood Sign and Repair Grant program. In January, they posted the final blog for Bon Appetite, an overview of That's Amore and a recipe for their sauce. They had a blog to promote automotive and service providers in the industrial craft district with contact information. Twelve business applied for Boynton Beach Bucks programs. They identified how each business could benefit from the program, and the team met with.each owner last month to develop a campaign to promote their business. To-date, eight businesses have taken advantage of the promotions. C. Neighborhood Officer Program 4th Quarter Report for FY 2019-2020 and 1 st Quarter Report for FY 2020-2021 Sergeant Diehl, Boynton Beach Police Department, reviewed the fourth quarter 2020 report and first quarter of fiscal year 2021. He noted the fourth quarter was in the height of the pandemic. During that quarter, Officer Paramore was still on light duty and Officer Rivera held her own. They handled the Back to School event as much as they could with what they had. In the first quarter of 2021, it was Back to School on a limited scale, but they also facilitated the holidays and had more Shop with a Cop outings this year than prior years. The Secret Santa initiative they have was scaled back due to COVID. He noted for the fiscal 20/21 first quarter report, the pictures did not come through, which he agreed to provide. Moving forward, he introduced a new Community Service Officer assigned to the Neighborhood Officer Program, Emily Vasquez who is assigned to the CRA District. 8 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 Officer Vasquez stated she was seeking to give back as much as they can, have a presence and show they care and they are there for the people to do what they can to help them. She will work community policing at the1550 N Federal Highway office. Sergeant Diehl explained she is in the final weeks of training. 14. Public Hearing 15. Old Business A. Consideration of Fiscal Year 2020-2021 Budget Amendment for Unreserved Fund Balance Mr. Simon explained there is $445,561 available as they close out the Fiscal Year 2020, which are unused funds from that fiscal year they can move forward. He noted the Board had previously discussed the Veterans Park parking lot. Board Member Katz supported the staff recommendation, commenting the park is a gem and restoring or upgrading the parking lot is needed. Many of the veterans who go to the park are of a certain age. They need the parking and it could be a safety issue. He asked if the fund balance would handle all the parking upgrades. Mr. Simon responded these funds plus some funding the City has available would handle all the upgrades. Vice Chair Penserga agreed with Board Member Katz. He asked if there are any other patrons that would need the parking.lot or it would be just for the park. Mr. Simon explained it would be a City parking lot, like they have at the 115 N Federal and Town Square sites. Mr. Simon anticipated additional parking needs on the weekend for Fish Depot or any other member of the public to access shopping or just be used for overflow. It would be primarily for business in the area near Veterans Park. Chair Grant was at the park on February 3rd and did not see the need for additional parking. He asked if there would be a sidewalk constructed or people would have to walk on the road to get to Veterans Park. Mr. Simon thought they would have to cross at a pedestrian crosswalk and it would match up to the existing right-of-way height and dovetail into the sidewalk on the other side of the park. There would be lighting upgrades. Chair Grant did not think they needed to spend the funds on a parking lot when there is a parking garage across the street and that it was not the best use of the funds. He saw the parking lots on Quantum Boulevard and the City and developer tore down six acres of trees for a parking lot that will not be used, except maybe 10 times a year for events. He used that area for parking for the last eight years without any issue. Vice Chair Penserga asked where the gravel area was and if there any safety concerns for the seniors who use the park. Mr. Simon responded any time there is a lot used that is not improved, some would consider the uneven ground and mix of gravel less desirable than a paved parking lot. City staff has not provided them with any official safety concerns. It was more of a practical thought that a smooth walking surface is better than what currently exists. 9 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 Tim Collins, Fish Depot Bar and Grill agreed with Chair Grant. He thought covering the gravel with some sort of covering and lighting would be an improvement, improving some of the homelessness in the area, so that part would be a prudent use of the funds. Chair Grant thought lighting on NE 4th Street would be a better use. He favored spending funds in other areas of the City such as Galaxy Park, the pool on Ocean Avenue and NE 4th Street. He noted there are canopy trees there and he would not want to tear them down and replant them, taking decades to grow to the same amount tree canopy. Board Member Katz asked if the plan called for removal of trees or if they could work around them. Mr. Simon explained the plans showed their removal, but the CRA Board and/or City Commission could request a redesign to accommodate the trees. Chair Grant thought it made no sense to have exits and entrances that people have to walk across to get the sidewalk on the other street. He noted most people use the entrance on NE 3rd Street to get to that from Buds and CVS. The way it is currently designed is to maximize concrete, which he did not think is what they wanted for this location. Mr. Simon commented this was an exercise if the Board wants to spend money on parking for the site and then City staff can work on the design to accommodate the Board's concerns. Chair Grant wanted to have it in a new lighting projects within the CRA District line item. Chair Grant requested a motion to move the funds, in coordination with the City. There was no line item for City improvements, but the funds could be allocated for NE 4th Street improvementsNeterans Park area, or put it into site work and development and drawn on another project when identified. Motion Board Member Katz supported his original thoughts and made a motion, pending further preservation of trees and lighting, to allocate the funds for the purpose of the parking lot. The motion died for lack of a second. Motion Board Member Hay moved to create a line item the Executive Director spoke about and put funds in other areas of the CRA District. The motion is for lighting and streetscape improvements consistent with the CRA Redevelopment Plan. Vice Chair Penserga seconded the motion. The motion passed 4-1, (Board Member Katz dissenting.) Chair Grant requested the members forward their lighting priorities to Mr. Simon so he could work with the City. B. Discussion Regarding Prevailing Wage, Benefits and Apprenticeship 10 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 Policies for CRA Procurement and Requests for Proposals Attorney Duhy recalled at the request of Board Member Katz, they were to bring back information from other municipalities about prevailing wage programs and other items, for the Board to consider. The attachments had three options the Board could consider. Chair Grant noted the minimum wage would increase from $10 to $15 an hour. He thought the Board could include in its proposals that anyone looking for TIF or property from the CRA will pay workers a minimum wage of $15. He also suggested any apprenticeship programs required in any Request for Proposal (RFP) receiving TIF or lump sum funding could be considered as developers providing a community benefit by paying living wages and having apprenticeship opportunities on new City projects. He did not know what they could do for the Cottage District, but if the developer is requesting funding, the Board could request items in consideration for the funds they provide. Attorney Duhy explained there are usually term sheets that list items for the Board to consider when negotiating contracts for particular projects and sought to provide direction. Board Member Katz supported the first option because he did not want trained and skilled labor being paid minimum wages and prevailing wages are substantially higher. They might be paying trained or non-local subcontractors $15 now, but some of the prevailing wages for some trained iron workers or masons far exceeds minimum wage, and he wanted to have strong language with affordable or workforce housing provisions. He would not want anything about TIF in any policy or Resolution. His goal with the resolution was to force developers to pay appropriate wages because if they, as a CRA subsidizes a project, it means the developer is not paying appropriate wages: the CRA is. The developer has to acknowledge that they need to pay people what they are worth and not subcontract out and use less skilled and less valued labor. He wanted to go with the prevailing wage index for what the trades are worth on the free market. There are prevailing wage indices based on surveys of specific trades. Attorney Duhy included references so there is a definable prevailing wage for project workers. Chair Grant commented the reason why he favored subsidizing the developer was for housing to be attainable. Affordable housing projects are heavily subsidized by the State in order to offer rents for 30% to 60% median income earners. If they want developers to pay prevailing wages and not subsidize the development, costs increase. If costs increase, revenues increase commensurately, and the prices for rents for new construction development homeownership will increase. His thoughts regarding Boynton being a working community, was this was not an aspect of affordability which is 30% to 60% of the area median income. It was more for workforce which is 80% to 140% of the area median income. They can subsidize development to reduce costs 10% or 15%, and create the ability for the workforce community to achieve homeownership, and it is not something you can find elsewhere east of 1-95. 11 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 Chair Grant commented they do not have to use free CRA funds, but can subsidize similarly to Seabourn Cove to be environmentally friendly. He favored subsidizing any development for environmental, homeownership, and economic development reasons. The median income in the City is $53K, which is about 15% lower than Palm Beach County. In order to be competitive and have quality products, they have to subsidize it. He referenced 500 Ocean, Casa Costa, Marina Village, Seabourn Cove and a few others. The products were subsidized to decrease the market value to be attainable. Board Member Katz commented when they look at some of those deals and the fact that all of those projects were flipped or in the process, he did not know if there needed to be subsidies for some of the projects for items the CRA requires when the developer can sell the project for millions in profit in five to 10 years. In some instances, the new owners can still receive TIF funding carried over from the original developer upon sale and transfer of the property. He did not want to automatically subsidize and set a standard. He thought this topic would be part of a discussion at the next meeting. He did not want to put it in writing because then developers will come in and automatically expect TIF. Some of the projects constructed got TIF funding, they lie to get funding and then sell for massive amounts. Motion Chair Grant thought they should have a future discussion at the next meeting to get comparable evidence. He asked if Board Member Katz wanted, for a motion, a discussion for any CRA incentivized project with a minimum threshold. Attorney Duhy recommended as a motion, the first bullet could be framed as a policy in the terms mentioned, which would provide the Board flexibility without requiring setting parameters. They can establish a policy using that bullet or any of the bullets. Board Member Katz requested confirmation that by approving the first bullet, it would be mandatory to bring up a discussion item for any CRA funded project and it would be up to the Board to determine if the project crossed the threshold that would warrant funding. Vice Chair Penserga seconded the motion. He noted what other cities and counties were doing. West Palm Beach has a program in place. Construction contracts become void and no funds are released if construction contracts are not certified. They have to prove they pay their workers a prevailing wage, and they say what happens if a developer renege on the agreement. One mechanism to ensure the agreement is adhered to, is to not approve funding in one fell swoop and make payments instead. Attorney Duhy requested the motion be amended to add and include the ability for confirmation of payment of a living wage. 12 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 Motion Board Katz moved to include the provision as amended. Board Member Hay seconded the motion. The motion unanimously passed. Mr. Simon commented there are many ways to handle projects that are suitable and the Board could address them on a case-by-case basis. Board Member Katz asked if the way to move forward with the apprenticeship program was to set a specific minimum number of hours of the project that would require apprenticeships to be working. Vice Chair Penserga noted Broward County has an apprenticeship program. He asked if the county had its own apprenticeship program developers could avail themselves or if it was an apprenticeship program the developer has on their own. Attorney Duhy will get a summary of the program and email it to the Board Members. Vice Chair Penserga sought to find a good model. C. Update on Purchase and Development Agreement with Boynton Beach Cottage District Development, LLC for the Cottage District Infill Housing Redevelopment Project Mr. Simon explained the CRA staff met with City staff to discuss the site plan under the above RFP/RFQ. They took significant time taking the comments and adding them to the revisions. They have a scheduled pre-application meeting tomorrow with staff and the development team at 1 p.m. Staff would provide a more significant update at the March meeting. They did request a contract for part of the Oyer property. Chair Grant pointed out there is a property listed above appraised value and he wanted to know how the Board feels about purchasing it or helping the developer to purchase it. It will help with the flow and additional units in a townhouse type of format. If it is not included, the property would most likely become a rental property. Mr. Simon explained the property appraised in the low $200K and the owner listed it for $375K. He spoke with the owner. The property is rented and that is what she wants for the sale price. Chair Grant commented she will have to find a new homestead. The last time Chair Grant saw it listed, it was for$50K. He asked if the Board wanted to make an offer for the property and mentioned the CRA has over $500K in the line item. The last appraisal was done over a year. The asking price is easily $100K to $150K over value, he thought it was substantially over valued. Chair Grant requested the Board make an offer for $300K as he thought it was the final piece of the project. Board Member Hay supported the acquisition, but thought Mr. Simon was in a better position to negotiate a price. Chair Grant commented whatever offer is made should be the final offer. The Property Appraiser's Office says the house is valued of$89K and land at $30K, He thought the land value increased to $50K plus for similarly sized lots and location. It has a tear down house from the 1930s. Mr. Simon explained buying the land will not give them eight more units. It is a very small piece. 13 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 Chair Grant thought the property to the west surrounds it and he felt the value was about $150K last year. At that time, they could not agree on a price. Chair Grant thought the price of new construction for three-bedroom, two bath homes was about $275K, which he thought was fair. Board Member Hay agreed. Motion Board Member Hay so moved to set a purchase price for $275K. Board Member Katz seconded the motion. The motion unanimously passed. It will be the final offer from the CRA Board. D. Discussion of Status of Purchase and Development Agreement with Ocean One Boynton, LLC for the Ocean One Project Attorney Duhy explained this item was two-fold: the first item is a motion to confirm the expiration date and termination of the TIF Agreement and the first amendment to the agreement signed by the parties, which automatically expired January 21, 2021, which a motion would finalize. The second item is for the developer to commence construction of a public plaza on property purchased by Ocean One as part of the project. At the last meeting, the Board voted to waive compliance with the provision which expired to this meeting. The options are to waive compliance or instruct Attorney Duhy to notify the developer of their breach or give another option. Bonnie Miskel, on behalf of Davis Camalier, the property owner, approached staff to advise regarding the TERFA Agreement, he could not get his client and potential developer to a point to redevelop the site. They suggested allowing the TERFA to run out. Since the last meeting, they spoke with Mr. Simon and Mr. Groff and they want to redevelop the site in a way not contemplated by the TERFA. They approached City and CRA staff on the possibility of a City-funded parking garage her client would lease back for a number of years. Her client has a silent partner willing to come forward with it, but they wanted additional time to represent something economically viable. At the time, they looked for six-months. Since the conversation with Messrs. Simon and Groff, they are expecting a Letter of Interest (LOI), which would make redevelopment of the site possible. She has nothing to show or represent for the Board to consider. They want some additional time to set the terms and concept and present it to the Board. If acceptable, they would amend the site plan to get final approval of a project. Attorney Miskel advised they need 90 days to go to contract and have a concept plan with sufficient detail. There was a condition of the sale and purchase, which they would proceed with, but the developer would like to be able to come back in 90 days with something and she thought building a plaza only to demolish it later was not practical. 14 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 She requested a 90-day extension, at least for commencement of construction and $5K in consideration. Chair Grant had no objection to waiting the 90 days. Board Member Katz asked what the estimated cost was if the property owner had to comply with the existing provisions to develop a park. Ms. Miskel assumed it would be $1 OK to $20K and then to tear it out. Board Member Katz wanted to increase the contribution. The land was acquired for pennies basically and the reason the land was given to the developer may not be realized so he supported a higher amount such as $20K for an adjacent park or improvements in the area, and a few more months extension. Chair Grant asked if a donation to one of the Town Square projects would be acceptable. Board Member Katz was receptive to any uses that would benefit the public. Attorney Miskel explained if the Board would treat this as an arms-length transaction, she had a project that was a multi-million-dollar project where they were seeking an 18- month extension for $60K. For 90-days, she thought $20K was a significant cost given the value of the improvements are around $20K. If the Board's interest is a sum larger or equal to the value of the improvements, if they could consider some of them at some time, it would be proper. She noted Board Member Katz suggested he would be agreeable to that. She thought if the Board wants to grant an extension, they would request up to six months or sooner. Chair Grant commented the Board has to wait till the next meeting to receive an answer to the $20K and six-month consideration. There were no objections. Motion Chair Grant commented there were no objections to dissolving the TERFA Board Member Katz was fine with the $20K for a six-month extension given the property was conveyed for basically nothing and so moved. Ms. Miskel requested clarification. Attorney Duhy explained the offer was a six-month extension for $20K, and get a response or counter offer at the March meeting. Chair Grant clarified it was for the public good and they do have naming rights available for the Town Square project as well. Vote Vice Chair Penserga seconded the motion. The motion unanimously passed. 15 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 Motion Board Member Katz moved to confirm the expiration and termination of the TERFA on January 16, 2021. Vice Chair Penserga seconded the motion. The motion unanimously passed. E. Discussion and Consideration of Survey Questions for Community Input for the CRA Project Located at 115 N. Federal Highway Mr. Simon presented the item. The Board had previously discussed whether to move forward with a Letter of Interest (LOI) regarding the above property or whether to issue a Request for Qualifications (RFQ.) After discussion, the Board wanted the CRA to draft questions with input from the Board and forward them to the Advisory Board which was done on February 4t". Their responses to the draft questions were included and he noted they added an additional question. Chair Grant appreciated CRA staff's work and wanted to review each question and then offer recommendations. Legal could draft a disclaimer that the resulting project may not be reflective of the survey results. Question 1. Would you like to see a future redevelopment project incorporate a mix of uses, such as commercial and resident? Chair Grant commented residential and commercial is vague and he suggested listing the uses in groups such as office space, retail space, rental apartments, condominiums, green space, open space and transit authority and he defined the categories. He thought answering yes or no did not provide much input. Vice Chair Penserga agreed. The Board did talk about corporate headquarters, incubator space and others, but it would be covered under the office category. Chair Grant thought it would be beneficial to use check boxes. He thought a description where office could be co-working space, or corporate office or individual office retail could encompass a grocery store, small boutique, restaurant, or condominium. Question 2. Would you like to see a full-service grocery store (12,000 up to 20,000 square feet) as a commercial component incorporated into a future project? Chair Grant thought the question should be amended to read "Would you like to see a full-service grocery store and/or a corporate headquarters component from 12K to 20K square feet incorporated into the future project?" Question 3. Would you like to see a hotel incorporated into a future project? There were no changes to this question. 16 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 Question 4. Would you like to see workforce housing as a component of a future project? Chair Grant thought the question should read: "Would you like to see government subsidized housing included in the project? which could can affordable or workforce housing and not just market-rate housing. Board Member Katz thought the Ordinance out mandate workforce housing and he asked if Chair Grant wanted more than would be required. Chair Grant understood the first workforce housing ordinance required units to be included, but the second ordinance removed that requirement. Mr. Simon explained workforce housing is not mandatory. A certain percentage of units out have to be affordable/workforce units if the developer sought a density bonus, and the number of units that out be affordable out be calculated using the formula for the density bonus. He asked if more workforce housing was wanted. He also recommended not mentioning government housing because it has a negative connotation, although it should not. Chair Grant disagreed because the CRA subsidizes the project to make it affordable, but did agree it could have a negative connotation. He suggested asking if the community out like to see a mixed-income component of a future project. Mr. Simon commented they have a mixed-income component in a future project. Board Member Katz thought all agreed some people who take the survey may reject that type of project, as some people think that workforce or affordable attracts poor people. Mr. Simon commented they want to discourage a Not in My Backyard (NIMBY) mindset. Chair Grant commented with a mixed-income project, they are not defining it. It out have different price points. Board Member Katz suggested something akin to seeing housing options that cater to a variety of income levels. Board Member Hay commented if he is surveys that are wordy, he does not respond to them and it is a turn off. it Grant restated instead of having workforce housing, the survey would ask the participant if they out like to see a variety of income housing available in a future project. He thought the Board could discuss the matter in the future. Question 5: Would you like to see larger than required public open space(s) incorporated into the design of a future project? There were no changes. Question 6: Would you like to see additional public parking spaces incorporated into a future project? Chair Grant added a new question and prefaced it as he anticipated the Board out not want the question: "Would you like to see paid parking fors eci I events and high 17 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 traffic times?" He asked the question because if they have paid parking, they could have additional public parking because the fee would fund the additional public parking. Board Member Romelus asked why he asked the question if he anticipated the response would be no. Chair Grant responded it was to get the answer. If they get a zero percent response, it would signify no one wants paid parking. He thought it may help if people understand they have to pay for parking lots and garages and to have adequate parking, someone has to pay for it. For example, if they have a transit authority, residents would not want people parking there for the entire day. If additional parking is wanted, it has to be paid for and most transit authorities have paid parking except for Tri-Rail. In Washington DC, all the metro parking lots cost money. Board Member Katz was fine with the question as stated in question six because he anticipated all would say no to paid parking. If they want to continue to provide parking or increase parking, it will come at a price in the future. He thought rather than asking what type of parking, paid or unpaid, if people want more parking, the Board knows it has to be paid for somehow and it could be addressed in the future. Chair Grant thought the combination of adding the second question, if 90% want additional parking but only 10% would want to pay for it, it shows the disconnect for leaders to determine what the public wants and how to effect it. He supported the additional question. Mr. O'Hara commented on behalf of the Downtown Business Coalition, the hotel was important to their perspective as Boynton has not addressed it adequately. People have no place to come and stay in Boynton Beach and they have to go to Delray Beach. He liked the idea of a boutique hotel and a place for tourists to come and suggested the 115 Federal Highway property as the hotel site. There is a chance to draw a vision of an attractive downtown. He noted there is a new Hyatt on Atlantic Avenue and Federal Highway in the Delray downtown. Chair Grant noted hotels were addressed in Question 3. Chair Grant advised he favored providing TIF funding for a hotel to come to the downtown. It would impact jobs and the aesthetics of the downtown. He commented the fishing industry was strong. Board Member Katz explained a hotel on the corner of Federal and Ocean was proposed for decades and they still maintain to build a hotel in this area. He thought that corner was a better location for a hotel than along the railroad tracks. Mr. Simon requested clarification on Question 1 and the boxes for green space and open space. He did not know if the survey taker would know if those uses would occupy the entire space instead of incorporated into the project. Some of it is already required to be incorporated via Code and some could be requested. He asked with the transit authority, he thought Question 7 addressed the matter. Chair Grant agreed. He thought they should expand on the commercial and residential component to say office, retail, apartments and condos and the public would understand the differences of those 18 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 categories. He requested the Board modify the question to state: Would you like to see a future development project incorporate: office, retail, rental apartments, condominiums and have four boxes to check instead of asking for commercial and residential as a whole. The Board would incorporate the grocery store and corporate headquarters into Question 2. Question 4 was modified and they added a new question between Question 6 and 7 regarding parking for special events and during high traffic times. Char Grant opened public comments. Bradley Miller, Urban Design Studio, speaking on his own noted in Question 1, the zoning for this property is already slated for a mixed-use development through the CRA Redevelopment Plan and the Code requires it have a mix of uses. As to the parking, he commented it was attractive to come to Delray and park and not have to pay for parking. Parking progresses over time and as a community grows, parking is stronger and they could price parking. He recommended not wanting to discourage people from coming initially because of the cost. Attract the people first, the parking will come and let the paid parking come later as the area develops. Mike Weiner commented in the beginning everyone wanted a Borders book store for their downtown. He cautioned buildings are meant to last decades and they have to have a sense of place. Great places are based on how they are reinvented as change comes. He urged caution that the Board look far enough over the horizon. Chair Grant asked, in reference to the 115 Federal Highway site, if the Board wanted to ask adjacent property owners if they would sell their property or just use the CRA property. Board Member Katz thought if the Board has an opportunity to acquire them they should, but he did not want people to weaponized the question. They do not have to include that question. Chair Grant noted Question 8: "Are you a resident or business owner in Boynton Beach?" was added. Vice Chair Penserga asked if the Board was asking for contact information from the survey taker and if the intention was to gather any other information from the participants. Mr. Simon explained they have to get the survey back by March. The survey will be submitted in an email to those on their list, as a fillable PDF online to several thousand people. They would use Survey Monkey and city contacts. They have a limited time to issue the survey and compile the results. 19 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 Vice Chair Penserga noted when people view change.org or some other petition, in order to give the survey weight, he needs to know if the participants are real. Mr. Simon responded they could add space for the participants name. Chair Grant noted Survey Monkey limits responses by IP address. He thought that was the best way to move forward, especially using email. They could always use paper surveys at City Hall. Motion Board Member Hay moved to approve the survey as amended. Board Member Katz seconded the motion. The motion unanimously passed. F. Consideration of the Third Amendment to Fund the Increasing the Quality of Life Program of Habitat for Humanity International (d/b/a Habitat for Humanity of South Palm Beach County) Motion Board Member Hay moved to approve. Board Member Romelus seconded the motion. Thuy Shutt, Assistant Director, explained Habitat for Humanity received grant funds to build affordable housing. One last unit was completed today and they received their Certificate of Occupancy. The Board previously granted an extension to January 31St to complete the paperwork and got an extension to February 15th to submit a financial review report for reimbursement. Habitat for Humanity needed the additional time because they also have to submit a financial report statement showing how the funds were spent. All will be submitted by March 31St. Pictures of the update were contained in Attachment 2. Vote The motion unanimously passed. Commissioner Romelus requested they not require so much paperwork. Ms. Shutt explained this program is no longer in effect. The next affordable housing grant program will require a lot less paperwork. This was for the non-profit organization program implemented three years ago. G. Consideration of a Loan Release for the Small Business Disaster Relief Forgivable Loan to Beach Tennis, LLC Motion Board Member Katz moved to approve. Board Member Hay seconded the motion. The motion unanimously passed. H. Consideration of Eligibility Requirements for the Economic Development Grant Programs for FY 2020 — 2021 20 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 This pertained to rent reimbursements for take-out restaurants. Many restaurants became take out only. He thought they should help them as they are brick and mortar establishments. He hoped they would be given Tier 2 status. Tim Collins was unsure if his business would be eligible and commented their kitchen is in a food trailer. He would have to expand his location by 50% or more, but the CRA does offer interior and exterior build out grants. Motion Board Member Romelus moved to approve. Board Member Hay seconded the motion. It was noted the deadline to apply was up to one year from receiving their Business Tax Receipt from the City. Vote The motion unanimously passed. I. Consideration of First Amendment to the Phase II Interlocal Agreement for The Town Square project. Chair Grant commented this item needed to be removed from the table and off the agenda until the City can respond appropriately. Motion Board Member Hay so moved. The motion was duly seconded. The motion unanimously passed. 16. New Business The Fish Depot Market. Attorney Duhy explained by statute, they would need to notice a lease, which is considered a form of disposal of property and it requires 30 days to publish it in a newspaper. Chair Grant commented at the next meeting, they can approve or not approve passage of the rental agreement. Attorney Duhy explained they have to publish a notice for 30 days in a newspaper of general circulation. Chair Grant asked if they had to wait 30 days if a rental agreement from the property owner comes with the property. Mr. Simon explained their current agreement with the property owner required the property be delivered vacant. Chair Grant thought they would have to agree to a sixth amendment to the contract, to allow the Fish Market to have their offer to the CRA included with the purchase and sale of the property. Chair Grant commented it is almost nearly 21 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 impossible to get the current property owner to enter an agreement the Board would enter into tonight and deal with zoning and the Business Tax Receipt in a new location. Mr. Simon explained everything is in place. Earlier in the day, Ken Dodge, CRA Counsel, did not believe another amendment would be necessary and all is lined up for closing. The current deadline is February 26, 2021. Chair Grant asked what are they willing to accept for a rental agreement in the next 15 days and it is pre-approved with this Board. Mr. Collins commented he opened his bar and grill in 22 days and he understood, the CRA was purchasing the property with the thought in mind of a developer putting up a large development. He thought if they could arrange a lease if there a break down, they would need a short, three or six-month, notice to vacate. He hoped for a three-year lease, unless there is already an approved project for the location . The property is an older building and not improved. An unimproved older building goes for $8 to $10 per square foot. An improved older building is about $15 a square foot and would even be okay with going more towards the top end. The terms would be in favor of the City and CRA and would not interfere with development. Mr. Collins noted there is an empty lot between the building, which he would like to turn into a green space. Chair Grant summarized Mr. Collins wanted the CRA to pre-approve a one-year renewal lease for a period of three years, with a 90-day notice to vacate without cause. The rent would be $2,500 a month from March 1, 2021 to February 28, 2022. Chair Grant supported doing whatever the CRA could to assist Mr. Collins, if the Board gives Legal the option to accept an exchange with this type of lease. He commented it may not be with Mr. Collins and someone else may try to undercut Mr. Collins, but he thought most would not be seeking this type of lease. Board Member Katz was not comfortable asking staff to iron out a complex agreement that may or may not go to Mr. Collins that may impede development. He did not support a lease at this time. Board Member Hay agreed. Attorney Duhy explained they could do that, but she would not recommend it. All they have in the current agreement is whether the property they are purchasing is vacant. The CRA does not have control over the term of the lease and there are very few ways to review the lease. They CRA could move forward, but it would require negotiating with the existing owner and there are a lot of other terms they did not discuss. The CRA Board cannot void the terms of a lease that a new tenant coming in would accept. Chair Grant hoped in March the Board could work with him. They can publicly notice the property as soon as they have it, but it would be 30 days from then. The economic development and rent reimbursement grants are available. Mr. Collins commented he did not want to impede a development and they would be willing to accept language to go forward. He hoped to create a lease they could review.. 22 Meeting Minutes Community Redevelopment Agency Board Boynton Beach, Florida February 11, 2021 Board Member Katz was not comfortable with any scenario. Mr. Simon announced he respects the Board's attempts to help the business owner, but he did not think there was any way around the video and minutes of the meeting and discussion about how to circumvent the disposal process. He advised it was a bad idea. Chair Grant commented they will continue to try to assist Mr. Collins. The fifth extension they could put the property up for disposal and Mr. Collins should submit a LOI. The first time they could discuss a lease would be in April. May 11th would be the earliest a lease could be approved, if for a special session. Attorney Duhy agreed. She thought with continued interest, he should submit a LOI with rental terms they would agree to. 17. Future Agenda Items A. MLK Jr. Boulevard Corridor Commercial Redevelopment and Affordable Multi-Family Rental Apartment Project Update B. Update on Sara Sims Park Amphitheater Plans C. Ocean Avenue Lighting Chair Grant requested adding TIF financing as a future agenda item. He requested information from the past and comparables and expenses with examples of Las Ventanas, Casa Costa, One Boynton and Seaborn Cove. More specifically he wanted the time frame for TIG, time frame, construction costs, sales price and an executive summary of their requirements for the last 10 years such as how many tenants, in the commercial locations to get the TIF. Chair Grant was excited regarding the funding balance to light Ocean Avenue and other areas in the CRA District that need lighting as well. Mr. Karjalainen explained how the public could access a recording of the meeting. 18. Adjournment There being no further business to discuss, Chair Grant adjourned the meeting at 9:06 p.m. Catherine Cherry Minutes Specialist 23 � ' T ammBt EACH _"CRA: COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 9, 2021 CONSENT AGENDA AGENDAITEM: 11.C. SUBJECT: Approval of Commercial Rent Reimbursement Grant Program in the Amount of $11,400 for Premier Medical Center of Boynton Beach, LLC located at 326 W. Boynton Beach Boulevard SUMMARY: The CRA's Commercial Rent Reimbursement Grant Program provides qualified new or expanding businesses located within the CRA District boundaries with rent payment assistance for a maximum period of 12 months. CRA staff has received a complete grant application from Premier Medical Center of Boynton Beach, LLC located at 326 W. Boynton Beach Boulevard, Boynton Beach, FL 33435 (see Attachments I - II). Premier Medical Center is dedicated to improving the healthcare status of their patients and community by providing affordable, accessible, quality primary care health services to everyone, regardless of their ability to pay. As a medical office, Premier Medical Centerwill be employing approximately 4 employees ranging from full-time and part-time positions for RNs/LPNs, medical receptionist, and medical biller. Under the terms of their Landlord-Tenant Lease Agreement, the base rent required to be paid by the applicant is $1,900 per month (see Attachment 111). Premier Medical Center qualifies as a Tier I I business (as specified in the grant application) and would receive reimbursement for one- half of their monthly rent amount or maximum grant amount of $1,250 per month for a 12 month period, whichever is less. If approved, Premier Medical Center would be reimbursed in the amount of $950/month for a period of 12 months or a total grant amount of $11,400 during its first year of business. Grant reimbursements to the approved applicant occur on a monthly basis with proof of rent payments. FISCAL IMPACT: FY2020-2021 Budget, Project Fund, Line Item 02-58400-444, $11,400 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Approval of the Commercial Rent Reimbursement Grant in the amount not to exceed $11,400 to Premier Medical Center of Boynton Beach, LLC located at 326 W. Boynton Beach Boulevard, Boynton Beach, FL 33435. ATTACHMENTS: Description D Attachment I -Commercial Rent Reimbursement Application D Attachment II - Location Map D Attachment III - Lease BOYNTON ,A- ' R,4 BEACH COMMUNITY REDEVh8PM­ENT AGENCY October 1, 2020 — September 30, 2021 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY COMMERCIAL RENT REIMBURSEMENT GRANT PROGRAM Program Rules and Regulations The Commercial Rent Reimbursement Grant Program is designed to help facilitate the establishment of new businesses and aid in the expansion of existing businesses within the Boynton Beach Community Redevelopment Agency (the "BBCRA") Area. The program is designed to provide financial assistance to new and existing businesses in the form of rent reimbursement intended to help businesses during the critical first year of operation. The BBCRA reserves the right to approve or deny any Commercial Rent Reimbursement Grant Program application and to deny payment at any time if, in its sole and absolute discretion, it determines that the business will not advance the goals and objectives established for redevelopment of the BBCRA Area. The receipt of past payments is not a guarantee of future payments. For purposes of this application, the term "new business" means a company in operation for less than one year or relocating to Boynton Beach.The term "existing business"means a company that has been in operation within the BBCRA Area for a minimum of two years at the time of application and has at least two years remaining on its existing lease. The Boynton Beach BBCRA is a public agency and is governed by the "Florida Public Records Law" under Florida State Statutes, Chapter 119.Any documents provided by the Applicant(s) may be produced by the BBCRA upon receipt of a public records request, subject to any exemptions provided by Florida Law. Initial -I.- Page 1 of 15 Rent Reimbursement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com Incentive Funding The Commercial Rent Reimbursement Grant Program offers financial assistance through a reimbursable grant in the form of a monthly rent reimbursement for the first 12 months of business with the option to request an additional 6 months of reimbursement, which may be granted at the discretion of the Board. New businesses are eligible to apply for assistance for up to one year from the issuance of the City of Boynton Beach Business Tax Receipt. Rent Reimbursements will not be paid until all construction has ended, permits are closed out, City and County licenses are obtained, and the business is open for operation under a Temporary Certificate of Occupancy (TCO) or a Certificate of Occupancy (CO). For businesses that do not require any construction work, rent reimbursements will not be paid until City and County licenses are obtained and the business is open for operation. On a monthly basis, the BBCRA will issue reimbursement directly to the applicant. Reimbursement is for the monthly rent payment made to the landlord, and is dependent upon receipt of verification that the payment has been cleared by the bank. The responsibility for all rental payments is between the parties to the lease, (the tenant and the landlord). As grantor, the BBCRA does not bear or accept any responsibility for payment of rent at any time, or for penalties incurred for the late arrival of payments by any party. Applicants are also encouraged to connect with CareerSource Palm Beach County which is a State organization providing various free programs to assist Palm Beach County businesses. CareerSource Palm Beach County has a dedicated team of career counselors, business coaches and training providers to help area businesses stay competitive through training grants and talent acquisitions and also provide assistance in posting available jobs, recruiting and hiring, and training opportunities. For more information regarding CareerSource Palm Beach County visit their website at careersourcepbc.com. Initials... Page 2 of 15 Rent Reimbursement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561)600-9090 www.boyntonbeachcra.com Eligibility Requirements Applicants must meet all of the following requirements in order to be considered eligible to receive grant funding: • Applicant must be a new business, or an existing business that is expanding in size. • Applicant must be the business entity (or d/b/a) named and the principal owners named on the corporation documents, and must be the landlord or business owner of the company occupying the property to be improved. • Must be located within the BBCRA Area (see attached map). • Must provide proof that the business is properly licensed by all necessary levels of government and professional associations or agencies (copies of city and county licenses or receipts that the licenses have been applied for). • Non-profit and residentially zoned properties are NOT eligible. • An existing business must expand to occupy more than 50% of its current square footage size or open a second location within the BBCRA Area. Verification of this threshold must be provided in the application package. Exceptions to this rule may be made at the discretion of the BBCRA Board if the tenant is losing their current space due to redevelopment of the site. • The Applicant's Experian consumer credit report must reflect an acceptable level of financial stability, as determined in the sole discretion of the BBCRA Applicants must have an Experian credit score of 601 or higher and have no listed history of bankruptcy to be eligible. If there is more than one business owner, the majority of the business owners must have credit scores of 601 or higher to be eligible. • Applicant must have an executed multi-year lease with at least two years remaining on the lease. • Proposed leases must be executed within 30 days of BBCRA Board approval or the grant award is terminated. • The Commercial Rent Reimbursement Grant Program may only be used one time by any one specific business entity or business owner. • Grantees shall allow the BBCRA the rights and use of photos and project application materials. Initials � Page 3 of 15 Rent Reimbursement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com • The BBCRA Board may give preference to local businesses. For purposes of this grant, local business means a duly licensed business entity with an office location in Palm Beach County. Ineligible Businesses The following businesses are considered ineligible for assistance under the Commercial Rent Reimbursement Grant Program: • Firearm Sales/Shooting Range • Convenience Store • Religion-Affiliated Retail Stores • Churches/places of worship • Non-profit organizations • Take-out Foods • Check Cashing Stores • Tattoo Shops / Body Piercing / • Kava Tea Bars Body Art Shops • Adult Entertainment • Liquor Stores • Adult Arcades • Vapor Cigarette, E Cigarette Stores • Alcohol and/or Drug Rehabilitation • Pawn Shops Centers/Housing • Any other use that the BBCRA staff • Massage/Personal Services or BBCRA Board determine will not • Auto Services Facilities — repair, support the redevelopment of the storage, sales, etc BBCRA Area • CBD Retail Stores, etc. • Medical Research Centers/Housing Grant Terms and Conditions This grant is divided into two tiers of eligibility. Businesses are classified into tiers based on the type of business, which then determines the amount of eligible funding. Grant funding amounts will be based on the applicant's project budget specified at the time of BBCRA Board approval. Tier One Business Tier One Businesses are eligible for reimbursement for up to half(50%) of the business's base monthly rent or$1,750 per month, whichever is less (maximum amount of the grant is $21,000, distributed in four monthly payments). Oil Initial Page 4 of 15 Rent Reimbursement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561)600-9090 www.boyntonbeachcra.com Tier One Businesses must be one of the following types of businesses: • Restaurant • Bakery • Gourmet Food Market Tier Two Business Tier Two Businesses are eligible for reimbursement for up to half (50%) of the business's base monthly rent or$1,250 per month, whichever is less (maximum amount of the grant is $15,000, distributed in four monthly payments. Examples of Tier Two Businesses include, but are not limited to, the following types of businesses: • Home Decor/Design — home • Clothing Boutique — clothing, furnishings, art galleries, kitchen shoes & accessories wares • Law Offices • Accounting Offices • Hair/Nail Salons (no more than 2 • Real Estate Offices approvals per fiscal year) • Marketing Offices • Medical Offices • Fitness Centers • Insurance Offices • Specialty Businesses — stationary, • Florists (no more than 2 approvals gifts, sporting goods per fiscal year) Lease Terms If the applicant is a tenant, it must have a proposed or executed multi-year lease with a minimum of two years remaining on the lease. The commercial lease must define the landlord-tenant relationship and at minimum provide the following information: • A description of the space being rented, including square footage and a drawing of the space; • Description of utilities that are the tenant's responsibility; • Rental rate and deposits along with terms of lease and methodology for future rent increases; • Responsible party for interior and exterior repairs and/or improvements; • Insurance requirements; � w Page 5 of 15 Initial Rent Reimbursement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com • Ability to terminate; and • Consequences of default on the lease. For purposes of this paragraph, the term "subject property" means the leased premises of the grant recipient, for which the applicant or'grant recipient is seeking rental reimbursement, or any part thereof. Grant recipients are prohibited from subletting the subject property. If a grant recipient sublets the property, the grant recipient will be required to repay the BBCRA for all grant money received up to that point and will not be eligible to receive any further grant funding. For purposes of this grant, the BBCRA considers the following to be subletting: A) executing a sublease, assignment, or similar agreement with an entity that is not the grant recipient; B) allowing the subject property to be occupied by any business entity in which the grant recipient is not listed as the registered agent, owner, officer or director of said business, or assisting such a business in so doing; C) allowing or assisting a business entity other than the grant recipient to list its place of business as the subject property; or D) allowing or assisting a business entity other than the grant recipient to obtain a business tax license from the City of Boynton Beach for the subject property. The fact that a business entity other than the grant recipient occupies the subject property, lists its place of business as the subject property, obtains a business tax license for the subject property, or similarly appears to use the subject property is sufficient evidence that the grant recipient has allowed or assisted such other business entity to do so and is grounds for termination of any further grant payments and seeking reimbursement for previously paid grant payments. However, it shall not be considered a prohibited subleasing when the business purpose of the applicant is to provide a space for aspiring businesses, such as when the applicant is a business incubator, commissary kitchen, or business that provides co-op workspace. The BBCRA will determine whether a certain applicant fits into the exception described in this paragraph on a case-by-case basis. Application Process Applications can be obtained from the BBCRA office located at 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435 or downloaded from www.boyntonbeachcra.com. All applicants are required to meet with BBCRA staff in order to determine eligibility before Initials Page 6 of 15 Rent Reimbursement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com submitting an application. Applications will not be considered until all required documentation is submitted to the BBCRA office. Application to this grant program is not a guarantee of funding. Funding is at the sole discretion of the BBCRA Board. Applicants must submit an original, "hard copy" application with all materials to the BBCRA for review and approval by the BBCRA Board. Applicants will be considered on a first-come, first served basis. Application packets must include the following documentation: 1,; A non-refundable fee of$100, which will be used to obtain a consumer credit report on the business and principal/owners of business. Make check payable to: Boynton Beach CRA. - ,.. Resume for each principal/owner of the business. Copy of the corporate documents for the applying business entity. Copy ofty and C`bnty Business Licenses (Business Tax Receipt). ,5,*Copy of executed multi-year commercial lease agreement. 2 Two years of corporate tax returns (for existing businesses only). "%,,,,,Two years of personal tax returns for the principal/owners of a new business. List of jobs to be created and filled including job descriptions, pay range and weekly schedule. For existing businesses, provide a list of all current positions including job descriptions, pay range and weekly schedule. If applicant is an existing business expanding to occupy more than 50% of its current square footage size, verification of this threshold must be provided in the application package. Exceptions to this rule may be made at the discretion of the BBCRA Board if the tenant is losing their current space due to redevelopment of the site. 114,11Completed and signed application (attached). 1`1��Authorization to perform credit check for the business and each principal/owner of the business (attached). '11,1W9 Form and Vendor Application (attached). Approval of Funding Request All re uired a lication documentation must be submitted no later than noon two weeks prior to the second Tuesday of the month. BBCRA staff will review the application to Initials Page 7 of 15 Rent Reimbursement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com evaluate whether the applicant is eligible for reimbursement. If it meets these requirements, BBCRA staff will present the funding request to the BBCRA Board for review and potential approval. In order to request the 6-month extension, the applicant must submit a presentation at the completion of the 12 months of rent reimbursement, outlining how their first year went and requesting the additional 6 months of rent reimbursement. The presentation must be submitted no later than noon two weeks prior to the second Tuesday of the month The BBCRA Board meets on the second Tuesday of each month. The schedule for BBCRA Board meetings can be obtained at www.boyntonbeachcra.com. Applicants will be notified of the date and time that their applications will be considered by the BBCRA Board. The BBCRA recommends that applicants attend the BBCRA Board meeting during which the Board will consider their applications in order to answer any questions the BBCRA Board may have regarding their applications. BBCRA staff will notify the applicant of the BBCRA Board's approval or denial in writing. Site Visits BBCRA may conduct a site visit prior to transmitting the application to the BBCRA Board and once the project is completed. Staff may also conduct unannounced site visits before, during and after the project in order to determine and ensure compliance with the terms of the grant. Procedures for Reimbursement Monthly rent reimbursement payments will be provided to the grant recipient beginning the first month the business is open for operation subsequent to BBCRA Board approval. A maximum of 12 consecutive monthly rent payments are eligible to be reimbursed to the approved applicant, with the option to request an additional 6 months. Reimbursement will occur on a monthly basis. Following the initial Reimbursement Request, each reimbursement request shall be made within 30 days of the start of the next month. Initials AIE"'I'. Page S of 15 Rent Reimbursement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561)600-9090 www.boyntonbeachcra.com In order to receive monthly rent reimbursement the grant applicant must submit the following: 1. Written request for reimbursement. 2. Proof of rent payments (i.e., copies of the front and back of cancelled checks for that month's reimbursement or proof of direct deposit). If applicant does not submit its monthly reimbursement request within 30 days following the end of the next month in which ap t forfeits that month's reimbursement. Discontinuation of Payment The receipt of past payments does not guarantee future payments. The BBCRA retains the right to discontinue rent reimbursement payments at any time at its sole and absolute discretion. SUBMISSION OF AN APPLICATION IS NOT A GUARANTEE OF FUNDING It is the responsibility of the applicant to READ AND UNDERSTAND all aspects of the Grant Program's Rules/Requirements and Application. NOTICE TO THIRD PARTIES: The grant application program does not create any rights for any parties, including parties that performed work on the property. Nor shall issuance of a grant result in any obligation on the part of the BBCRA to any third party. The BBCRA is not required to verify that entities that have contracted with the applicant or applicant's landlord have been paid in full, or that such entities have paid any subcontractors in full. Applicant's submittal of verification that monthly rental payments have been cleared by the bank warranty is sufficient assurance for the BBCRA to award grant funding. Initials Page 9 of 15 Rent Reimbursement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com rC�L� BOYN a ESOMBEACH � ,.• 4 COMMUNITY E ELO ENT AGENCY APPLICANT INFORMATION BUSINESS INFORMATION: Business Name (d/b/a if applicable): Current Business Address: Fed I D#: Business Phone Number: DO Fax: Website: 4 Existing Business: Yes _ No Number of years in existence: Time at Current Location: New Business to Boynton Beach: Yes No Do you have an executed lease agreement: Yes _ No n If so, monthly base rent: . New Business Address: Square footage of current location: quare footage of new location: Type of Business: Number of Employees: / Hours of Operation: t �- Page 10 of 15 Rent Reimbursement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com f Ri BOYNTO )' ok 've BEACH ' COMMUNITY REDEVELOPMENT AGENCY APPLICANT INFORMATION PRINCIPALIOWNER INFORMATION: (If more than 4 principals/owners additional sheets may be used) 1. Principal/Owner ame: , WO Date of Birt y Email: , C 1 ("'J,(9 ' 4 Coy] Residentia[ ddr' ss: Ij �. I _ 4 c" ) w. Cell Ph nono umber: n I-- L 2. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: 3. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: 4. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: Page 11 of 15 Rent Reimbursement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561)600-9090 www.boyntonbeachcra.com BOYNTO h. ( tt'({ a COMMUNITY REDEVELOPMENT AGENCY APPLICANT INFORMATION Are you applying for 71f ssistant under any other program offered by the BBCRA? Yes _ No yes, what additional programs are you applying for: Are you receiving grant assistance under any other governmental agencies: Yes® No If yes, list any additional grant sources and amounts: LANDLORD INFORMATION: Landlord Name: -- -�' Landlord's M ng A dress: Z-U\ r - v Landlord's Phone Number: �r, �i - CERTIFICATION AND WAIVER OF PRIVACY: For purposes of this certification and waiver of privacy, the term "I" refers to the applicant and to all signatories below individually. By signing below, each signatory represents and confirms that he or she is authorized to sign on behalf of the applicant(s). I, the undersigned applicant(s), certify that all information presented in this application, and all of the information furnished in support of the application, is given for the purpose of obtaining a grant under the Boynton Beach Community Redevelopment Agency Commercial Rent Reimbursement Grant Program, and it is true and complete to the best of my knowledge and belief. further certify that I am aware of the fact that I can be penalized by fine and/or imprisonment for making false statements or presenting false information. I further acknowledge that I have read and understand the terms and conditions set forth and described in the Boynton Beach Page 12 of 15 Rent Reimbursement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561)600-9090 www.boyntonbeachcra.com BOYNTO �! , (qvf l!' sw 1-110 " '_ COMMUNITY REDEVELOPMENTAGENCY APPLICANT INFORMATION Community Redevelopment Agency Commercial Rent Reimbursement Grant Program Rules and Requirements. I understand that this application is not a guarantee of grant assistance, and that award of grants is at the sole discretion of the Boynton Beach Community Redevelopment Agency Board. I understand that the purpose of the grant is to further the Boynton Beach Community Redevelopment Plan, and that the Boynton Beach Community Redevelopment Agency may decline my application for any legal reason, including the reason that granting the award will not further the Community Redevelopment Plan. Should my application be approved, I understand that the Boynton Beach Community Redevelopment Agency may, at its sole discretion, discontinue grant payments at any time if in its sole and absolute determination it feels such assistance no longer meets the program criteria or is no longer furthering the Boynton Beach Community Redevelopment Plan. To the maximum extent possible, I hereby waive my rights to privacy and confidentiality for all matters contained in my application, and give my consent to the Boynton Beach Community Redevelopment Agency, its agents and contractors to examine any confidential information given herein. I further grant permission, and authorize any bank, employers or other public or private agency to disclose information deemed necessary to complete this application. I specifically authorize the Boynton Beach Community Redevelopment Agency to run a credit report as part of this application, and understand that information in my credit report, including a record of bankruptcy, may disqualify me from obtaining grant funding. give permission to the Boynton Beach Community Redevelopment Agency or its agents to take photos of myself and business to be used to promote the program. understand that if this application and the information furnished in support of the application are found to be incomplete, it will be not processed. Page 13 of 15 Rent Reimbursement 100 East Ocean Avenue,4t" Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com B(*D`" I'N 0 T(D., ,& .Oftj I n9NwMn- BEALn RA APPLICANT INFORMATION APPLICANT SIGNATURES; f?rin 1 a - wrael's ignatur - to -, �` Printed Name Title 2. Principal/Owner's Signature Date Printed Name Title 3. Principal/Owner's Signature Date Printed Name Title 4. Principal/Owner's Signature Date Printed Name Title Notary as to Principal/Owner's Signatures - Multiple notary pages may be used if signing individually STATE OF 0 r t`d A --...—COUNTY—COUNTY OF BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared Monet w who is/are personally known to me or produced, 'p-L-fa L_ as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this / ��'' _ day of F-e-b 20-2-( WEE] LLMORGAN OTARY PUBLIC ic-State of Florida My Commission Expires: DBJ;tg/,Z,�i ion N GG 121398xpires Aug 28,2021 Page 14 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435–Phone: (561)737-3256 Fax: (561)737-3258 www.catchboynton.com B101YNT0 immBEACKA COAA-MUN[TY REDEVELOPMENT AGENCY LAILO RD INFORMATION LAN QLQRQ SIGN&I"RE Landlord's Signature ppt Gate f) U 0 W7)Cr Printed Name jj-+ j4 � esaTitle Landlord's Signature Date Printed Name Title Notary as to PrindpallOwners Signatures-Multiple notary pages may be used ff signing IndMdually STATE OF COUNTY OF BEFORE ME, an officer duty authorized by law to administer oaths and take acknowledgements, personally appeared I f who is/are personally known to me or produced as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and Cou,nty aforesaid on this day of 2 NOTARY PUBLIC My Commission Expires: Page 15 of 15 Rent Reimbursement 100 East Ocean Avenue,0 Floor, Boynton Beach, FL 33435-Phone:(56 1)600-9090 www.boyntonbeachcra.com 2/26/2021 PAPA Maps 2 DOROTHYJACKS - -�CFA,AAS =p P BeachZ tyP p rt Appraiser Search by Owner,Address or Parcel s �� JG 1 �? # View Property Record Owners ;AGNELLOANGELOATRUST - S AGNELLO ANGELO A TR t sin ,3 AGNELLO MICHAEL HTR& �ctt �`ai�.orniiStff 1i1���4,�Etsixl}7-�tuGU.t��l. - \�1J;10��� .'- .. xs � J,.tXt4k.� ;�1T'txti�;t`{a(di�J slhj.;rtft(�t r{�"f� .��},tR�ftt ,�3i1�1S Property Detail ' 326 W BOYNTON BEACHt 'fi`, e w Boynzanl�ieach�39vdit1f1' vv Btz nzon Beaeh Blvdtl ' :. BLVD Murmcioahty BOYNTON BEACH .Parcei No. 08434528100020050 '+x BOYNTON HGTS ADD REV PLki `S e��` t } kg zss a s h Jr at i s•si ;>`�'�Yx4ifi4sr- ��rd :kt41 vc rlatssgfi cot t wx xs N �c 20368 .Page 1 345 - `xa.ie.Da-e=. MAY-2006 S _ PO BOX 827 ri, ",_ - ` E•r_ ai iii'19 Address PALM BEACH FL 33480 0827 �e. e 1 700-OFFICE ONE STORY 728 - Sales Information X Sales Date Price =MAY-2006 104- _ MAY-1 987 70000 NOV-1 983 100JUL-198365000 - ----- t JAN-1974 27000 Appraisalsstt Tax Year 2020 = - 1 im .. $108,496. t T e3 _,^. e .e . e=. $70,225 i-ail .0�ai Market Vaiue=. $178,721 f,5� All values are as of January 1 st - - each year - 1, Assessed/Taxable values Tax Year 2020 A^sesse I . e=. $162,263i-xei=.Jorl Amount so ri c .axa.,.e.`a iue=. $162,263, Taxes Tax Year 2020 Ad Vak)ilem $3,587 .u,,..Ad Valorem $335, https://maps.co.palm-beach.fl.us/cwgis/papa.html?qvalue=08434528100020050 1/1 I� i i 3 I I h I1 1� I I 1 y 04 snVI it 1 �E 1 r -zed jju Onowaa pay'sasjutaad pjus aalua o;gg2la Gill eegq llugs 'sdauzollg.10 sluafo slg 'aossaj ay; uodnaaagl puv 'sepunowq ooasal oyl;o sjyfliz Gill;o Ito Pau'loaaluoo 01111;o azngta;ao;a ijzom '..seal ay;;o uogdo agl 49 hags 'aossal ogl dq pagposoad znl;aanq OR 66vat gaegm ao 'aouagslxa ui mou suorlvlmUu pua salsa plus;o duv ao 'asual Plus;o suaol aqq 411m dldutoa of aassal Ogg;o laud gin uo aznjte;duv pus paldooas pus apsut s{ anal aql golya+ uodn suorllptioa, ail; Gas .'sossal ell dq apatiz Gal;uozaq aq dutu so suopizin2aa so sajna aegljn;puu zaglo Runs;o Pug'auanaA.J Stgl;o laud's apuai gazaq aau golgm puu`asoal stgl uodn palulad suojpuln2aa Pao salol aq;jo Gans -naasgo In;gllu;otp pus 'patuau salep aql uodn sasituaad plus ao;luau aql;o quatudad ldumzd aqy:HZ3I3 •2mllzm ul poouaptna eq cloys pauolluam ujazoq uonullaauvo 04.1•x1jurtsuo zo ear;tlane;o alup oql o;dluo plod OR llvgs Iasi eip uopulpouvo Bona ;o guawo oin ul puu 'osuot sly; laouva of o;azaq d;aud aoglla q;tm jnuolldo aq Amis ll 'amll Parsult[llm olgnluvual pasepuaa lou eau saslmajd:plos;I woz;azattl sdup dlouju ulgq.lm salodaa dq olq�uuuel sasltuazd Alas aapusa o;IgSta aqq.anaq(lugs aossal oil;upin 'nlgtquvua;un poaopua aq lluga amus eqI dga4ogm'luam2oa8y sjg3;o a;ll otp tlulztip dllunsuo saglo ao oil;dq painful ao pagumvp os,so podoalsap eq lluga sasltuoad eta Iuaeo otp uI=Hjuaod •asuadsa pug Isoa tueo to 100.11S;o uop -uaaaad Gill so; uo1luloOSOV. giGljUuopull rragIngLlgnog gift jo guopuln2ox puo oaepzo 'sGj7ne_irl alnoaxe puu Rjp& dldmoo Aptituozd 0919 Ileo pug !Ursa; plus aurzop sa0lmos plus qua pagaauuoo so 'dodo 'ul 189ouye01a8 s01Do zo soouoslnu ;o luatualugg pug 'uopua.&axd 'tiopoozzoa OR;.1o;'sasjmGzd pigs of elquollddv savGzag pua eluetu -gzudoa a[ayl IIB pug 6uu jo puu guouuuaanoo Ayd pug in'IS'I81apad e�;o aluamaalnhaz pail auogvinzoa 'saepzo sa 'Solna' auvulpto'Mnjv;q.l[s gglm Ljdmoo Pau alnoaxa All maid Ilgq. - __qusua; eql ruin :aum zcaaosz"ogee ttoszod Zaire Sao ;c zo gulp-m-, eqI;o slugdaaao ao luuuol-oo dug;o ooaaail8ou;o lag dun tuna;ao 'sadld isjum ;o 2un[sal so 2urgsaaq gill moa; 2uletag easel atp of jo `dlzodaad juuozaad plss of a2emvp dna so; elglsll OR Ion llvl;s sossal puu';oezagq aeumo so aeon[sq; ;o i1sta aq; lv aq 1191(a paglzasap aeogv sesrmaad aq;. u! 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SUBJECT: Approval of Commercial Property Improvement Grant Program in the Amount of $23,057.67 for Raj Properties, Inc. located at 109 E. Boynton Beach Boulevard SUMMARY: The CRA's Commercial Property Improvement Grant Program provides eligible businesses (new or existing) with financial assistance for the initial costs associated with the construction, repair, and/or rehabilitation of commercial building improvements. The Commercial Property Improvement Grant Program provides a 50% reimbursement of the applicant's expenditure for the eligible improvements up to a maximum grant total of $50,000. Under the program guidelines eligible improvements must be permanent items that stay with the building. CRA staff has received a complete grant application from Raj Properties, Inc. located at 109 E. Boynton Beach Boulevard, Boynton Beach, FL 33435 (see Attachments I - I11). Raj Properties, Inc. is a commercial plaza at the corner of Seacrest Boulevard and Boynton Beach Boulevard. It is currently home to the following commercial businesses: A1A Liquor, Azaka Market, G&C Pawn, and Marie's Cuisine. As the commercial property owner, the applicant falls under the terms of a Tier I I business, as outlined in the grant application. The applicant is seeking reimbursement for exterior improvements including impact windows and doors, new signage, parking lot improvements and exterior paint. The total cost of eligible property improvements is approximately $38,429.45 (see Attachment IV). If approved, the applicant is eligible to receive a maximum grant of $23,057.67 in reimbursable funds which includes a 20% contingency provided that the applicant expends an equal amount in matching funds as required under the terms of the grant. The grant is reimbursed to the applicant once the City of Boynton Beach Building Department approves all permit requirements and the proper reimbursement documentation is submitted to CRA staff for approval. FISCAL IMPACT: FY2020-2021 Budget Project Fund, Line Item 02-58400-444, $23,057.67 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Approval of the Commercial Property Improvement Grant not to exceed the maximum grant award of $23,057.67 to Raj Properties, Inc. located at 109 E. Boynton Beach Boulevard, Boynton Beach, FL 33435. ATTACHMENTS: Description D Attachment I -Commercial Property Improvement Grant Application D Attachment II - Location Map D Attachment III -Warranty Deed Attachment IV - Project Quotes BOYNTON BEACF CRA COMMUN11TY REDEVELOPMENT AGENCY October 1, 2020 — September 30, 2021 O'' NT N BEACH COMMUNITY REDEVELOPMENT AGENCY COMMERICAL PROPERTY IMPROVEMENT GRANT PROGRAM Program Rules and Regulations The Commercial Property Improvement Grant Program is designed to help facilitate the establishment of new businesses and aid in the expansion of existing businesses within the Boynton Beach Community Redevelopment Agency (the "BBCRA") Area, The program is designed to provide financial assistance to new and existing businesses in the form of a reimbursable grant intended to reduce the initial costs associated with the repair, and rehabilitation of buildings or other improvements in accordance with the BBCRA Community Redevelopment Plan. Improvements paid for by the BBCRA must be permanent and stay with the building. The BBCRA reserves the right to approve or deny any Commercial Property Improvement Grant Program application and to deny payment at any time if, in its sole and absolute; discretion, it determines that the business will not advance the goals and objectives established for redevelopment of the BBCRA Area. For purposes of this application, the term "neva business's means a company in operation for less than six months or relocating to Boynton Beach. The term "existing business" means a company that,has been in operation within the BBCRA Area for a minimum of two years at the time of application and has at least two years remaining on its existing lease. The term "project" means the eligible exterior or interior improvement project for which the applicant seeks reimbursement, Initials—RX- Page 1 of 17 Property Improvement 100 East Ocean Avenue,411 Floor, Boynton Beach, FL 33435—Phone- (561) 6100-9090 www.boyntonbeachcra.com The Boynton Beach BBCRA is a public agency and is governed by the "Florida Public Records Law" under Florida State Statutes, Chapter 119. Any documents provided by the Applicants) may be produced the BBCRA upon receipt of a public records request, subject to any exemptions provided by Florida Law. Incentive Funding The Commercial Property Improvement Grant Program offers financial assistance to the Landlord or business owner in the form of a reimbursable, matching grant for 50% of eligible expenses, up to $50,000, associated with the construction or renovation of the exterior and interior elements of the commercial operating space. Applicants are encouraged to take advantage of the City of Boynton Beach's PACE Program to help defer the cost of installing energy efficient items. Information regarding the PACE Program is available online at http-//www.boynton-beach.org/go- greenlpace_program.php or by contacting the City of Boynton Beach at (561) 742-6067, Attached is the ReNew PACE Eligible Product List. Applicants are also encouraged to connect with CareerSource Palm Beach County which is a State organization providing various free programs to assist Palm Beach County businesses. CareerSource Palm Beach County has a dedicated team of career counselors, business coaches and training providers to help area businesses stay competitive through training grants and talent acquisitions and also provide assistance in posting available jobs, recruiting and hiring, and training opportunities. For more information regarding CareerSource Palm Beach County visit their website at careersourcepbc.com or view the attached brochure. Eligibility► Requirements Applicants must meet all of the following requirements in order to be considered eligible to receive grant funding: • Applicant must be the business entity (or d/b/a) named and the principal owners named on the corporation documents, and must be the landlord or business owner of the company occupying the property to be improved. • Must be located within the BBCRA Area (see attached map). • Must provide proof that the commercial business is properly licensed by all necessary levels of government and professional associations or agencies (copies of City and County licenses or receipts that the licenses have been applied for). IniUaJs_RK_ Page 2 of 17 Property Improvement 100 East Ocean Avenue,411 Floor, Boynton Beach, FL 33435-Phone: (561) 600-9090 www.boVntonbeachcra.com • Improvements to non-profit and residentially zoned properties are NOT eligible expenses. • Applicant must have an executed multi-year lease with at least two years remaining on the lease at the time of BBCRA Board approval • Proposed leases must be executed within 30 days of BBCRA Board approval or the grant award is terminated. • The Applicant's Experian consumer credit report must reflect an acceptable level of financial stability, as determined in the sole discretion of the BBCRA. A copy of the consumer report will be provided to the applicant upon request. Applicants must have an Experian credit score of 601 or higher and have no listed history of bankruptcy to be eligible. If there is more than one business owner, the majority of the business owners must have credit scores of 601 or higher to be eligible. • All work must be done in compliance with applicable City of Boynton Beach Building Codes and Land Development Regulations. All contractors must be licensed as required to work in Boynton Beach and/or Palm Beach County. For any projects valued more than $250,000 (based on the project's construction value as it appears on the Palm Beach County-Wide/Municipal Building Permit Application Form submitted to the City of Boynton Beach), preference will be given to projects that will use contractors with an office in Palm Beach County. Please contact the City of Boynton Beach Development Department regarding the proposed work to be performed prior to submitting a grant application. • Grant funding amounts will be based on the applicant's project budget, specified at the time of the BBCRA Board approval, plus an added 20% contingency funding amount, • Grant funds will be reimbursed exclusively for approved work and approved change orders. • The Commercial Property Improvement Grant Program may only be used one time in any five year period for any one property. Entities hoping to improve properties that were previously improved using a BBCRA improvement grant may apply for additional grants any time after five years from previous grant approval. • In order to qualify for the grant, the subject property may not have any outstanding City of Boynton Beach liens at the time the applicant seeks reimbursement. To ensure that the property does not have any outstanding liens, violations or monies owed for utilities, the BBCRA will perform a lien search on the property at a cost of $115.00, which will be deducted from any grant funding awarded to the recipient. Initials RK_ Page 3,of 17 Property Improvement 100 East Ocean Avenue,4 th Floor, Boynton Beach, FL 33435-Phone: (561)600-9090 www.boyntonbeachcra.com In the event that there is an outstanding lien against the property, the grant will not be awarded until the complete satisfaction of the lien. • In order to receive the full amount of any awarded grant, the property owner or tenant must complete the project, obtain a Certificate of Occupancy/Completion from the City of Boynton Beach, and submit for reimbursement within 180 days of the issuance date of the permit for the project. (As further described below, applicants may request reimbursement for up to 50% of their grant award prior to completion of the project.) If BBCRA Board approves grant funding and the work being performed does not require a permit, the Certificate of Completion (or equivalent) and application for reimbursement must be within 180 days of the grant award. Failure to complete the improvements within the specified time frame will result in termination of the grant award, at which point the CRA no longer make payments for any reimbursement requests, regardless of whether the request was submitted prior to the termination of the grant. Only one 60 day administrative extension will be permitted, and the BBCRA has the sole and absolute discretion to grant or deny such extension. Project items completed and paid for by the applicant more than 60 days prior to grant approval by the BBCRA Board are not eligible for reimbursement under the grant program.A complete application must be received within 60 days of payment in order for an expense to be eligible for reimbursement. Once a complete application is received, the application will be placed on the next available agenda for review and potential approval. • BBCRA Board approval of this grant results only in funding. Approval of BBCRA grant funding is NOT approval of any type of City processes including, but not limited to, permits and site plan modification. Applicants must apply for permits and site plan modification through the appropriate departments at the City. All commercial projects require permitting and site plan modification reviews. It is the responsibility of the applicant to obtain all necessary City approvals. • Grantees shall allow the BBCRA the rights and use of photos and project application materials. • The BBCRA Board may give preference to local businesses. For purposes of this grant, local business means a duly licensed business entity with an office location in Palm Beach County. Initials—RK Page 4 of 17 Property Improvement, 100 East Ocean Avenue,411 Floor, Boynton Beach, FL 33435-Phone: (561)600-9090 www.boyntonbeachcra.com Projects and items eligible for funding under this grant program are limited to: • Structural walls • Plumbing • Flooring • Grease trap installation • HVAC system • ADA Improvements • Electrical systems, • Hood & fire • Signage including exterior and suppression • Doors/windows interior lighting • Landscaping and • Parking lot re-paving, • Patio decks irrigation within the re-sealing, and/or connected to the project site restriping building • Painting • Fencing (excluding • Demolition of structure • Roofing (Not to chain link, barbed wire, and re-sodding of exceed 50% of and wood panels) vacant property total grant award) • Electric vehicle charging • Solar electricity and • Security stations – See attached water heating – See cameras/system** ReNew PACE Eligible attached ReNew PACE (not including Product List Eligible Product List security personnel) Notwithstanding the limitation that grants may only be used once every five years for any one property, previous grant recipients that received less than the maximum amount of grant funding from Commercial Property Improvement Grants or Economic Development Grants are eligible to reapply to receive 50% matching reimbursable funding in an amount not to exceed $3,000 for the installation of new security cameras/systems, Ineligible Businesses The following businesses are considered ineligible for assistance under the Commercial Property Improvement Grant Program- • Massage/Personal Services • Medical Research Centers/Housing • Firearm Sales/Shooting Ranges • Massage/Personal Services • Religion- Affiliated Retail Stores • Churches/places of worships • Non-profit Organizations • Alcohol and/or Drug Rehabilitation • Adult Gambling Arcades Centers/Housing • Check Cashing Stores • Any other use that the BBCRA staff • Adult Entertainment or BBCRA Board determine will not • Vapor/E-Cigarette Stores support the redevelopment of the BBCRA Area Initials—RK— Page 5 of 17 Property Improvement 100 East Ocean Avenue,4'Floor, Boynton Beach, Ft,33435—Phone: (561) 600-9090 www.boyntonbeachcra.com • CBD Retail Stores Grant Terms and Conditions This grant is divided into three tiers of eligibility. Businesses are classified into tiers based on the type of business, which then determines the amount of eligible funding. All reimbursement checks from the BBCRA to the successful applicant will be made out to the applicant (the business entity). Grant funding amounts will be based on the applicant's project budget specified at the time of BBCRA ward approval, plus an added 20% for contingency funding. Tier One Business Tier One Businesses are eligible for reimbursement of 50% of the applicant's project budget as specified at the time of BBCRA Board approval, up to a maximum amount of $50,000 in grant funding. Tier One Businesses must be one of the following types of business: • Restaurant • Hotels/Motels/Bed and Breakfast Gourmet Food Market (the Board will grant no more than • Bakery four approvals in this category per fiscal year) Tier Two Business Tier Two Businesses are eligible for reimbursement of 50% of the applicant's project budget as specified at the time of BBCRA Board approval, up to a maximum amount of $25,000 in grant funding. Examples of Tier Two Businesses include, but are not limited to, the following types of businesses: • Home Decor/Design - home • Boutiques® clothing, shoes & furnishings, art galleries, kitchen accessories wares 0 Law Offices • Accounting Offices • Hair/Nail Salons (no more than two • Real Estate Offices approvals per fiscal year) Initials -RK-- Page 6 of 17 Property improvement 100 East Ocean Avenue,4 Ih Floor, Boynton Beach, Fl 33435-Phone: (561)600-9090 www.boyntonbeachcra.com • Marketing Offices • Medical Offices • Fitness Facilities —yoga, dance • Insurance Offices exercise, martial arts, etc. • Take Out Restaurants • Auto Services Facilities repair, • Tattoo Parlor/Body Piercing/Body storage, sales, etc Art Slop (no more than two • Specialty Retail Businesses— approvals per fiscal year) stationary, gifts, sporting goods • Florists (no more than two • Other commercial fa ade pDly approvals per fiscal year) improvements Tier Three Business (no more than two approvals per fiscal year) Tier Three Businesses are subject tor BBCRA Board for review and approval. Tier Three Businesses eligible for reimbursement of 50% of the applicant's project budget a specified at the time of BBCRA Board approval, up to a maximum amount of$15,000 in grant funding. Tier Three Businesses must be one of the following types of businesses: • Kava Tea Bar • fawn Shops • Convenience Stores: Fa adze • Liquor Store and Security Improvement • Laundry/Dry Cleaner facility only) .ease Terms If the applicant is a tenant, it must have a proposed or executed multi-year lease with a minimum of two years remaining on lease. The commercial lease must define the landlord-tenant relationship and at minimum provide the fallowing information: • A description of the space being rented, including square footage and a drawing of the space; • Description of utilities that are the tenant's responsibility, • Dental rate and deposits along with terms of lease and methodology for future rent increases; • Responsible party for interior and exterior repairs and/or improvements; • Insurance requirements; • Ability to terminate; and InWaIk RK Page 7 of 17 Property Improvement. 100 Fast Ocean Avenue,4r"Floor, Baynton Beach, FI.33435—Phone: (561)600-909 www.boyntonbeachcra.com • Consequences of default on the lease. Application Process Applications can be obtained from the BBCRA office located at 100 East Ocean Avenue, Boynton Beach, FIL 33435 or downloaded from www.boytonbeachcra.com. All applicants are required to meet with BBCRA staff in order to determine eligibility before submitting an application. Applications will not be considered until all required documentation is submitted to the BBCRA office. Application to this grant program is not a guarantee of funding. Funding is at the sole discretion of the BBCRA Board. Applicants must submit an original, "hard copy" application with all materials to the BBCRA for review and approval by the BBCRA Board. Applicants will be considered on a first-come, first-serve basis. Application packets must include the following documentation: 1. A non-refundable fee of$100,which will be used to obtain a consumer credit report on the business and principal/owners of business. Make check payable to: Boynton Beach CRA. 2. Written detailed project budget describing the improvements to be done to the property. 3. Cost estimate(s) from a licensed contractor(s) as specified in the applicant's project budget. It must list all project costs for which the applicant is requesting reimbursement. The project budget must provide a total cost of the project. 4. Signage design, project color chips, material samples and material specifications, if applicable. 5. Copy of building permit receipt/application. If the permit has not been applied for prior to submission of the grant application, a copy of the building permit receipt is due within 90 days of grant approval, or the grant award may be terminated. 6. Resume for each principal/owner of the business, 7. Copy of the corporate documents for the applying business entity. & Copy of executed multi-year commercial lease agreement, 9. Copy of Warranty Deed. 1 O.Two years of corporate tax returns (for existing businesses only). - 11.Two years of personal tax returns for the principal/owners of a new business. Initials—IRK Page 8 of 17 Property Improvement 100 East Ocean Avenue,411 Floor, Boynton Keach, FI.33435—Phone: (561)600-9090 www.boyntonbeachcra.com 12.Copy of design and construction plans associated with, the proposed improvements. 13.List of jobs to be created and filled including job descriptions, pay range and weekly schedule. For existing businesses, provide a list of all current positions including job descriptions, pay range and weekly schedule. 14.A minimum of four color digital "before" photos of the exterior and interior portions of the project. 15.Completed and signed application (attached). 16.Authorization to perform credit check for the business and each principal/owner of the business (attached). 17.W9 Form and Vendor Application (attached). 18.City Planning and Development Department Acknowledgement Form (attached). 19.City Permit Department Acknowledgement Form (attached). The above referenced City Forms (line 18 and 19) must be completed and submitted to the appropriate departments, which are located at City Hall 100 East Ocean Avenue, Building Department, Boynton Beach, FL 33435. Phone (561) 742-6000. 1 Approval of Funding Request All required documentation must be submitted no later than noon two weeks prior to the second Tuesday of the month. BBCRA staff will review the application to evaluate whether the project is eligible for reimbursement. If it meets these requirements, BBCRA staff will present the funding request to the BBCRA Board for review and potential approval. The BBCRA Board meets on the second Tuesday of each month at the Commission Chambers located in City Hall at 100 East Ocean Avenue, Boynton Beach, FL 33435. The schedule for BBCRA Board meetings can be obtained at www.boyntonbeachcra.com. Applicants will be notified of the date and time that their applications will be considered by the BBCRA Board. The BBCRA recommends that applicants attend the BBCRA Board meeting during which the Board will consider their applications in order to answer any questions the BBCRA Board may have regarding their applications. BBCRA staff will notify the applicant of the BBCRA Board's approval or denial in writing. Initials—RK— Page 9 of 17 Property Improvement 100 East Ocean Avenue,0'Floor, Boynton Beach, FIL 33435-Phone: (561)600-9090 www.boyntonbeachcra.com Site Visits BBCRA may conduct a site visit prior to transmitting the application to the BBCRA Board and once the project is completed. Staff may also conduct unannounced site visits before, during, and after the project in order to determine and ensure compliance with the terms of the grant. Procedures for Reimbursement This program is designed as a matching 50% reimbursable grant. All work for which reimbursement is sought must be completed and paid for by the applicant prior to the release of BBCRA funds. The applicant may request reimbursement for partial payments throughout the project for up to 50% of grant award. The remaining 50% of grant funding will be held until the project is completed according to the City of Boynton Beach Building 'Department, and if applicable, a certificate of occupancy has been issued, at which point the applicant may submit a final reimbursement request. The BBCRA will provide reimbursement to the applicant upon submittal of a complete reimbursement request package. All reimbursement requests and supporting documents must be submitted to the BBCRA (3) days prior to the grant expiration date. The BBCRA may refuse to issue grant funding if the submission is not received by the specified time. Once the work is completed the reimbursement request shall be summarized in a report and accompanied by the following documentation: 1. Invoices, receipts or other acceptable evidence of payment from suppliers and licensed contractor(s) that have been marked "paid in full." Proposals for "work to be completed" or "bids" are not considered proper documentation. a. Each item must be supported by a cancelled check showing the face of the check, as well as the back of the cancelled check. The only forms of cash payments that are acceptable as evidence of payments are cashier's checks and bank transfers. A copy of the cashier's check to the payee must be provided as proof of payment. If payment is being made by a bank transfer, a copy of the statement from both payer and payee showing the transaction and/or copy of the email/text verification from both parties. 2. Copy of City of Boynton Beach and Palm Beach County licenses (Business Tax Receipt). Initials—RK— Page 10 of 17 Property Improvement 100 East Ocean Avenue,4t" Floor, Boynton Beach, FL 33435-Phone: (561)600-9090 www.boyntonbeachcra.com 3. For partial reimbursement requests, a Partial Release of Lien from licensed contractors must be submitted. 4. For the final reimbursement request, the following must also be submitted: a. A "final release of lien" signed by each licensed contractor(s). See attached Sample of a Final Release of Lien form. 5. A minimum of 4 color "after" photos of the project. 6. A copy of the Certificate of Occupancy/Completion. By submitting the final reimbursement request, the applicant warrants that all bills for which applicant is directly responsible related to the project are paid in full including, but not limited to, all contractors, labor, materials, related fees and permits. Grantees may not submit work improvements for reimbursement that have been used as part of a reimbursement request for any other grant program offered by the BBCRA, City of Boynton Beach, Palm Beach County or the State of Florida. The Commercial Property Improvement Grant Program will only reimburse applicants for new expenditures that have not been submitted to other grant programs for reimbursement. SUBMISSION OF AN APPLICATION IS NOT A GUARANTEE OF FUNDING Itis the responsibility of'theapplicant to READ AND UNDERSTAND allaspects of the Grant Program's Rules/Requirements and Application. NOTICE TO THIRD PARTIES: The grant application program does not create any rights for any parties, including parties that performed work on the project. Nor shall issuance of a grant result in any obligation on the part of the BBCRA to any third party. The BBCRA is not required to verify that entities that have contracted with the applicant have been paid in full, or that such entities have paid any subcontractors in full. Applicant's warranty that all bills related to the Project for which the applicant is directly responsible have been paid is sufficient assurance for the BBCRA to award grant funding Initials RK_ Page 11 of 17 Property Improvement 100 East Ocean Avenue,41h Floor, Boynton Beach, FL 33435-Phone: (56 .1 600-9090 www.boyntonbeachcra.com a ., 4 BOYNTO mwmwmw"BEACHi RA COMMUNITY REDEVELOPMENT AGENCY APPLICANT INFORMATION BUSINESS INFORMATION: Business Name(d/b/a if applicable): _,RAJ PROPERTIES INC Current Business Address: 109 E BOYNTON REACH BLVD, STE A, BOYNTON BEACH, FL 33435 Fed IIS#: 65-1197165 Business Phone Number: 551-738-5616 Cell: 551-758-5116 Website: -N/A Existing Business: Yes No Number of years in existence: �20 Time at Current Location: 0 New Business to Boynton Beach: Yes No–X— Do you have an executed lease agreement: Yes–X No If so, monthly base rent: New Business Address (if applicable): Square footage of current location: _9678_—Square footage of new location: Type of Business: COMMERCIAL PLANA Tier 1 Business: o Tier 2 Business. o Tier 3 Rusines (Tier Classification subject to BBCRA Board Approval) Number of Employees: 2 Hours of Operation: M-TH:8AM-16P _, F-S:8AM-11PM, SUN:11AM-9PM List of improvements seeking reimbursement for:TIMPACT RESISTANT STOREFRONT, SIGN, PAINT BUILDING, SEAL COAT& STRIPE PARKING LOT Requested grant amount: Y . Page 12 of 17 Property Improvement logit Fast ocean Avenue,4 t Floor, Boynton Beach, FL 33435 Phone: (561)600-9090 www.boyntonbeachcra.com BOYNTO =BEA,�F,l�' CRA COMMUNITY REDEVELOPMENT AGENCY APPLICANT INFORMATION PRINCIPAL/OWNER INFORMATION: (If more than 4 principalslowners additional sheets may be used) 1. Principal/Owner Name: RAJEBH PATEL 2. Elate of Birth: _08/27/1966 Email: _RAJ@RAJ561.COM Residential Address: 9966 EQULI a CIRCLE, BOYNTON BEACH, FL 33472 Cell Phone Number: _(561)758-51 10 . Principal/Owner Name: Gate of Birth: Email: Residential Address: Cell Phone Number: 4. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: 5. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: Are you applying for grant assistant under any other program offered by the BBCRA' Yes No—X_ If yes, what additional programs are you applying for: Page 13 of 17 Property Improvement 100 East ocean Avenue,41h Floor, Boynton Beach, Ft 33435—Phone: (561)600-9090 www.boyntonbeachcra.com � h u� =BEACHBOYNTO COMMUN11TY REDEVELOPMENT AGENCY APPLICANT INFORMATION Are you receiving grant assistance under any other governmental agencies: Yes No X „ If yes, list any additional grant sources and amounts: LANDLORD INFORMATION: Landlord Name: RAJ PROPERTIES INC Landlord's Mailing Address. P.O, BOX 248, BOYNTON BEACH, FL 33425 Landlord's Phone Number: (561)758-5110 CERTIFICATION AND WAIVER OF PRIVACY: For purposes of this certification and waiver of privacy, the term 7' refers to the applicant and t all signatories below individually. By signing below, each signatory represents and confirms that he or she is authorized to sign on behalf of the applicant(s). I, the undersigned applicant(s), certify that all information presented in this application, and all of the information furnished in support of the application, is given for the purpose of obtaining a grant under the Boynton Beach Community Redevelopment Agency Commercial Property Improvement Grant Program„ and it is true and complete to the best of my knowledge and belief. I further certify that I am aware of the fact that I can be penalized by fine and/or imprisonment for making false statements or presenting false information. I further acknowledge that I have read and understand the terms and conditions set forth and described in the Boynton Beach Community Redevelopment Agency Commercial Property Improvement Grant Program Rules and Requirements.. I understand that this application is not a guarantee of grant assistance, and that award of grants is at the sole discretion of the Boynton Beach Community Redevelopment Agency Board... I Initials—RK— Page nitialsRPage 14 of 17 Property Improvement 100 East Ocean Avenue,41"Floor, Baynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com BOYNTO ' ' BEAC RA COMMUNITY REDEVELOPMENT AGENCY APPLICANT INFORMATION understand that the purpose of the grant is to further the Boynton Beach Community Redevelopment Plan, and that the Boynton Beach Community Redevelopment Agency may decline my application for any legal reason, including the reason that granting the award will not further the Community Redevelopment Plan. Should my application be approved, I understand that the Boynton Beach Community Redevelopment Agency may, at its sole discretion, discontinue grant payments at any time if in its sole and absolute determination it feels such assistance no longer meets the program criteria or is no longer in furtherance of the Boynton Beach Community Redevelopment flan. To the maximum extent possible, I hereby waive my rights to privacy and confidentiality for all matters contained in this application, and give my consent to the Boynton Beach Community Redevelopment Agency, its agents and contractors to examine any confidential information given herein. I further grant permission, and authorize any bank, employers or other public or private agency to disclose information deemed necessary to complete this application. I specifically authorize the BBCRA to run a credit report as part of this application, and understand that information in my credit report, including a record of bankruptcy, may disqualify me from obtaining grant funding. I give permission to the BBCRA or its agents to take photos of myself and business to be used to promote the program. I understand that if this application and the information furnished in support of the application are found to be incomplete, it will be not processed. A' 4.. FF u Page 15 of 17 _ Property Improvement loo Fast Ocean Avenue,411 Floor, Boynton Beach, Fl_33435—Phone. (561)600-9090 www.boyntonbeachcra.com BOYNT01'4 =BEAC� CRA APPLICANT I FORMATION APPLICANT SIGNATURES. 1. s 02/16/2021 Principal/Owner's Signature Date _RAJESH PAMEd Name PRESIDENT Title 2. Principal/Owner's Signature Date Printed Name Title Principal/Owner's Signature Date Printed Name Title 4. Principal/Owner's Signature Date Printed Name Title Notary as to PrincipallOwvner's Signatures - Multiple notary ,pages may be used if signing individually STATE CF IQO .jj,"A, COUNTY OF ;�C -'�� `�� �. r•) BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared :,I r /t - , who is/are personally known to me or produced / as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this H� _ --_day of 20 .w.l [�M -411L— of 411L -w DAVID LALLOO NOTARY PUBLIC Notary Public Stag of Florida commission#cc 252781 I'+�ly Commission Expires: My Comm.Expires Oct 12,2022 Page 16 of 17 Property Improvement 100 Fast Ocean Avenue,41"Floor, Boynton Beed, FL 33435 Phone: (561)600-5090 ww,boyntonbeachcra.com BOYNTOi RA BEACH COMMUNITY REDEVELOPMENT AG,ENCY LANDLORD INFORMATION LANDLORD SIGNATURES: 1. Landlord's Signature date RAJESH PMMd flame PRESIDENT Title 2. Landlord's Signature Date Printed Name - - - Title Notary as to PrincipallOwn is Signatures-Multiple notary pages may be used if signing individually STATE OF 1 A. COUNTY OF � AJ44 � i 1, BEFORE ME, an offic71;� uly authorized y law to administer oaths and tape acknowledgements, personally appeared �� - who islare personally known to me or produced 1- L— as identification, and acknowledged ho/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FQTEGOING, I have set my hand and official seal in the Mate and County aforesaid on this day of A 20 0—) w. NOTARY PUBLIC DAVID LALLoo ��� Notary Pwbige-Stag of Florida My 'Commission Expires: Commission#G 252781 N COMM Expires Oct 12,2022 Page 17 of 17 Property Improvement 300 East Ocean Avenue,41'Floor, Boynton Beach, FL 33435 o Phone: (561)600-9090 www.boyntonbeachcra.com 2/22/2021 PAPA Maps 2 DOROTHYJACKS - -�CFA,AAS =p P Beach Co Ty P p rt Appraiser 8f%i,�`asi }&Prifx ryes t# Search by Owner,Address or Parcel3 J� S 9 0 j44 t a�� ifs. View PropertYRecord Owners ,'z;(iRAJ PROPERTIES INC �. } }. •.nS�, ,i Property Detail 109 E BOYNTON BEACHon .. BLVD Murmcioahty BOYNTON BEACH Parcei No. 08434521 3000101 50 SHEPARD FUNK ADD TO TOWN OF BOYNTON IN Book 12269 .Pt. e=.1614 `ale Da e JAN-2001 rrrr �, ,;;��`� Fn„ ;'>�t 1 ,�{j 1 t�l�l���l •nt t ti{ys_.:�,r{Alti t i 'S y� � �k�. PATEL RAJESH C/O 9986 mading- EQUUS CIR ,,-W Drt n#crn Bach Bl+�d , E Ba nte�n€52ach,Bi'sd.>, ,- e 1 i r �• sr r, r,,,t f rl.......e.s�, BOYNTON BEACH FL i ,� t , �, ��„- � \\�, fit.{•,. F7,i,�#r( }!}?r,t, tS,li�1 r:��, ,s,��:: 33472 4320 ((1�i6iS, �tilllJ�t }} t,Ira}�<t),,}lifrr�,tsxxt...:`rret<,i�"�i�rAe, ',I� �;. {itp!ri it��il� tlss. ���. t���•.ff���i1.l�f lili't�j 4�i�Ft,'�j ti i14 se>ti Jjti U's21�!s.��t t)t 1�zls strj4t{� r sf > Yoe 1 100-STORES .t 9678 Square e e.. 7,l � i i� jttt` Sales Information hhli f Sales Date Price AN-2001 0 � I'i ,JAN-2001 575000 + �� ) ,yr rs,• �4' e S JAN-2001 0 !••I�j iJr r 71 t���iis��J. I. ;a AN-2001 0 • J DEC-2000 10 ;,yt0 1 2 tt � Appraisals Tax Year 2020 ....^ro,e........uilt..Iu= i�Iu' $407,677t''SStss,stt,'.niA a�,: r( v„ 1 :5't v 4II)tIii$624,021 "',” , toMarket `Ia.Iue= $1,031,698 �� i All values are as of January 1st each year1, '�G tj i 1 i9 _ t2ii)� i.. Assessed ITaxable values Tax Year 2020 ol �} a A^sesse t.. e=. $1,013,904 - t��� �+r;} Y i ( et•• _ axa,.e.Va..we=. $1,013,904, - - - — -- gra r, Taxes Tax Year 2020 Ac:`,t'a...o:e.m $21,820,;. .u,�..Ad Valorem $5,713 https://maps.co.paIm-beach.fl.us/cwgis/papa.htmI?qvalue=08434521300010150 1/1 j 24 EWW i `:13pm, 01 -027'742 P 14111914" ago NMIN 11111911 gillitst Thi.S instrument prepared by and return to: (enclose self- addressed, stamped envelope) JOSEPH M. CON IDI E, ESQ. 515 N. Elagler D . uite 702 West palm Beach, FL 33401 Folio Number: 08-43-45- 1-3Q-o01-0150 THE DOCUMENTARY STAMP'S FOR THIS WARRANTY DEED ARE BEING PAID 'UPON THE Grantee(s) S.S.# (s) WARRANTY DEED FROM DAVIT) NEEDLE TO RAMI PROPERTIES,INC.,A FLORIDA CORPORATION (%'hereverused herein., the ternns "first party" and "second party" shall include singular and plural, Beira, legal representatives,and assigns cifindividuals„axed the successors and assigns of corporations,wherever the context so adinits or requires:) THIS ESDENTUREmade this ��' -- day of January, 2001 BET ENQ7 ENFIELD,amarried man,ofthe County of i the State of s ` ,party of the first part as to a twelve and one-half percent (12.5'1 interest, and RAJ PROPERTIES, INC., a Florida corporation, of the County of Palter Beach, in the State of Florida, party of the second part,whose post office address is 5725 Descartes Circle,Boynton Beach, I^`L 33437.. Z SSE ' � That the said party of the first part, for and in consideration of the sum of Ten and no/100 Dollars, in hand paid by the said party of the second part, the receipt whereof is hereby acknowledged,having granted, bargained, and sold to the sant party of the second part, heirs and assigns forever,his twelve and one-half percent(12.59l0) interest in and to the following described land, situate, and being in the County of Palm Beach, State of Florida, to-merit: Dots 15 and 16, DESS the South 23 feet thereof,and Lots 17 and 18,LESS the South 23 feet thereof, Block 1, Shepard-Funk Addition to the Town of Boynton Beach, according to the reap or plat thereof as recorded in flat Book 2,page 15,public records of Palm Beach County, Florida... THIS IS NOT THE HOMESTEAD OF THE GRANTOR NXIHO RESINES AT err 3v SUBJECT T . Taxes for the year and subsequent years. Conditions,restrictions,easements,limitations and zoning ordinances of record, if any. And the said party of the first hart does hereby fully warrant the title to said land„and will defend the same against the lawful claims of all persons whomsoever. ORE Pg I G1 a DOR01HY H. WILKEN, CLERK PB COUNTY, Fr IN WITNESS WMRE0F,The said party of the first part hereunto set hand and seal the day and year first above written. Signed, sealed and delivered in the presence of: (A sign j T Q sign: fa ------ printJ print. HOWARD GREENFIELD print: A-11,)AC rk I CA k-/1 STATE OF GEORGIA COUNTY OF P-tW- The foregoing instrument-vas acknowledged before me this day of January,2001, by HOWL ARD GREENFIELD who has personally known to me or who has produced as identification and who did not take an oath. NOTA�PUBLI 9 p nn t: Jc.,joniL;, C=\� State of Georgia at Large MV Commission Expires: N"y ptw owinrwn CWMY,GOMO My C4Mn*"n Expites juns 0,200 jai 2 4-E0 i 12m tc3D 01-027741-3 ORD ° 1 111 11444 1411011111110liooliful This instrument prepared b and: return to; (enclose self- addressed, elf- addre e d, stamped envelope) JOSEPH M. CONSIDINE, ESQ. 515 N. Flagl.er Dr Suite 702 West Palm Beach, FL 33401. Folio Number: 08-43-45-21-30-001-0150 Grantee(s) . , ( ) THE DOCUMENTARY STAMPS FOR THIS wARRANTY DEED ARE BEING PAID UPON THE WARRANTY DEED FROM DAVID 1'+I EDLE TO RAJ PROPERTIES,INC.,AFLORID .CORPORATION. (Wherever'used herein, the terms "first paw" and "second party" shall include singular and plural, heirs, legal representatives,and assigns of individuals,and the successors and assigns of corporations,wherever the context so admits or requires,) S MDENTURE9 :Wade this ' _ day of January, 2001 BETWEEN DAVID NEEDLE, as Trustee of the Robert Needle 1990 Trust under Agreement dated December 31, 19,90,of the County of Palm Beach,in the State of Florida,party of the first part as to a twenty-five percent(25%)interest,and RAJ PROPERTIES,INC.,a Florida corporation,of the County of Palm Beach, in the State of Florida, party of the second part,whose post office address is 5728 Descartes Circle,Boynton Beach, FL 33437. WITNESSE That the said party of the first part, for and in consideration of the surra of Ten and no/100 Dollars, in hand paid by the said party of the second part, the receipt whereof is hereby acknowledged,having granted,bargained,and sold to the said party of the second part,its heirs and assigns forever, its twenty-five percent (25%) interest in and to the following described land, situate, and being in the County of Palma'Beach, State of Florida, to-wit: Lots 15 and 16, LESS the South 23 feet thereof, and Lots 17 and 18,LESS the South 23 feet- thereof, dock 1, Shepard-bunk addition to the Town of Boynton Beach, according to the map or plat thereof as recorded in Plat Book 2,page 15,public records of Palma Beach County, Florida,. I SIS IS l� E TSE>l� ��TE I� R��I�Tc�R �IC� RESIDES �`1�" SUBJEC=T"TO: Tees for the year 2001 and subsequent years. Conditions,restrictions,easements,limitations and zoning ordinances of record, if any• And the said party of the first part does hereby fully warrant the title to said land,and will defend the same a ainst the lawful claims of all persons whomsoever, 01324 12- DOW1HY H. WILKEEN, CUPRX PIS COUNlY, FRL IN WITNESS WBEREOF, The said party of the first part hereunto set his hand and seal the day and year first above written. Signed, sealed I d the ecce o sign: sign L.S. t. print: DAVID NEEDLE sign. STATE OF F Og K DA COUNTY nowledged before me this day of January,2001, The foregoing instrument was ack ho Mij—)ersc)n � -Tiown to m by DAVID NEEDLEEEER���� as i enti ication and who did not take an oath. N- ! Y LIC: sign: print: State of Florida at.Large My Commission Expires: Dale 9, Beebe ACommission#CC 917979 14' Expires 1 21,2004 n" ZTbru "t '.' Bot Aibtk B,,dils CO,,1 . This instrument prepared by and return to; (enclose self- Jari-2 -2001. 12.,13pa 01 02774 l addressed, stamped envelope) ORB jC3EPK A. CONSIDINE, ESQ. 515 N. Flagler Dr. u to 70 West Palm Beach, FL 33401 Folio Number: 08-43-45-21-3o-001-0150 THE DOCUMENTARY S �,T1Id SPECIAL WARRANTY DEED ARE BEING PAHO UPON THE Grantee (s') S .S.# is? WARRANTY DEED FROM DAVID NEEDLE TO RAJ PROPERTIES,INC.,A FLORIDA CORPORATION (Wherever used herein, the terms "first party" and "second party„ shall include singular and plural, heirs,legal representatives,and assigns of individuals,and the successors and assigns of corporations, wherever the context so admits or requires.) � SPECIAL NT`Y' DEED THIS INDENTLMEgmade this 14 nq day of Januar ,, 2001 BETWEEN N MIC H EL YELLEN, a married man, of Westchester C owity, State of New York, ("Grantor.") party of the first part as to °a fifti, percent of 11 %l) interest, i es tla and TMJ PROPERTIES, INC., a Florida corporation) of the Count), c State of Florida, ("Graantce") Darty of the second hart, whose past office address is 5728 Descartes Circle, Boynton Beach, FL 53457, WITNESSETH, that the said Grantor, for and in ccarasidcra°rtican of the stria-r of Tera and nca/100 Dollars, in hand paid by the said part°•tafthe Grantee,the receipt w hereof is hereby acknowledged, having ranted, bargained, and stab to tli said Grantee, its heirs and assigns forcver, his fifty percent (50%) interest in and to the following described lard, situate, and Delia(; in the. Coatrraty of Palm Keach, State of Florida, to-wit: Lots 15 and Td, LESS the. South 23 feet thereof, and Lots 17 ,and 18, LESS the South 233 fiat thereof,Block 1, Shepard-Faank Addition to the Tmvn of Kea)%nton Beach, according to the map or plat thereof as recorded in Plat Ktacslc 2, paap e 15 public records of Palm Beach County, Florida. THIS IS NOT THE HOMESTEAD CSF THE GRANTOR �IJO RESIDES AT: 15 C lic°ste:rfield Roacl, Scarsdale, New York 1058 SUBJECT TO: Taxes for the veaar 2001 and subsequent nt years. Conditions, restrictions, casements, linaitatitaras and �tararraZ ordinances of regard, ifan°�, And the said Grantor does hcreby fully warrant the: title, to Grantor's interesr in the Property, and will defend the same against the laavvfarl claims of all persons claiming thrcarrgh the Grantor. ORB li-2aE�7:3 Pg 161 I DDRUPY H. WILKEN, CLERK PB SGUNTY, FL IN WIT NE SS WHEREOF, the Grantor has hereunto set his hand and sea]the day and vear first above written. I Signed, sealed and delivered in the presence of sign: sign: L.S. -7 print, MIC LI print: print: MIC, AEL ELLEN sign: priiit: STATE OF NEW YORK' COUNTY OF The foregoing instrument was acluiowledged before me this day of january, 2001 by MICHAEL YELLIN who has personally lo-iown to me or who has produced as identification and Nvho did not take an oath. NOT'APR, I'LL BI sign: print: State of Ncw 'l"ork 7R Targc My Conin-iission Expires: tVV Vok "awy ad In FOW 11%Now 4010/ 7 7 4 la' 226,9 Pg t ". 5 t 5, 00. 0 Doc 4,022100 l �' € 11111 It to 9 Ul 11 M 1l 9' This instrument prepared b and return to; (enclose self- addressed, stamped envelope) JOSEPH M. CONSIDINE, ESQ. 515 N. Fla ler Dr.S ite 702 West Pala Beach, FL 33401 Folia Number: 08-43-45-21-30-001-0150 Grantee ( ) S. . (s) ; THE DOCUMENTARY STAMPS FROM THE WARRANTYDEEDS EXECUTER BY MICHAELYELLIN, HOWARD GREENFIELD DAVID NEEDLE, AS TRUSTEE OR THE ROBERT NEEDLE 1990 TRUST UNDER AGREEMENT DATED DECEMBER 31,1990 ARE TIEING PAILS ON THIS WARRANTY DEED. (NX7herever used herein, the terms "first party" and "second panty" shall include singular and Plural, heirs, legal. representatives,and assigns of individuals,and the successors and assigns of corporations,wherever the context so admits- or dmitscar requires.) Y14 TMS INDENTURE, made this day of January, 2001 BETW :EN DAVID NEEDLE, a married rnan, of the County of Palm Beach, in the State of Florida, party of the first part as to a twelve and one-half percent (12,5%) interest, and RAJ PROPERTIES, INC., a Florida corporation, of the County of Palm Keach, in the State of Florida, party of the second part,whose post office address is 5725 Descartes Circle,Boynton Beach, FL 33437. WITNESSETH, That the said party of the first part, for and in consideration of the surra of Ten and no/100 Dollars, in hand paid by the said part} of the second part, the receipt whereof is hereby acknowledged,having Canted,bargained,and sold to the said party of the second part, its heirs and assigns forever,his twelve and one-half"percent (12.5%) interest in and to the following described lana, situate, and beim in the County of Palm Beach, State of Florida, to-wit: Lots 15 and 16, LESS the South 23 feet thereof, and Tots 17 and 18, DESS the South 23 feet thereof, Block 1, Shepard-Funk Addition to the Town of Boynton Beach, accordinto the map or plat thereofas recorded in Plat Book 2,page 15,public records of Palm Beach County, Florida. THIS IS NOT THE HO ESTEJXF�TIE GRANTOR WHO RESIDES AT 77 7 SUBJECT TO: Taxes for the year 2001 and subsequent years. Conditions,restrictions, easements,limitations and zoning ordinances of record, if any. And the said party of the first part does hereby fully warrant the title to said land,and will defend the same against the lawful claims of all persons whomsoever. URB 12269 Pg 11 G0,9 IYORUNY H, WILKENCLERK PB CMINFY, FL IN WITNESS WHEREOF,The said party of the first part hereunto sets his hand and seat the day and year first above written. Signed, sealed and red�n the esence o sign- sign.. print- print- DAVID NEEDLE sign: print: STATE OF FL%QRJA COUNTYCSI 7- The fore oing in strum ent was, N 'ed before me this day of January,2001, t 'o me by DAVID NEEDLE wh(Kb:as:lEe:r!ZEn� ynt-6Yw-n—�to�m�) r and who did not take an oath. � NQTJ.'�RY PUBLIC: st sign: print: State of Florida at Large My Commission Expires: Dge U. Beebe A C 0jjsjj0,0#cC 917979 11 01 M A 21,2004 TbM RgAdb$C'04'M Windows $ 16,222.85 Painting $ 16,121.00 Signage $ 2,590.60 Parking Lot $ 3,495.00 Project Total $ 38,429.45 50% Match $ 19,214.73 Plus 20%Contingency $ 3,842.95 Final Grant Request $ 23,057.67 CHRISTIAN GLASS&MIRRORCOMPANY 425 S,Congress Avenue Delray Beach,FL33443 ALUMINUM PAGE 0 F � 6P4 F Phone 561-278-3385wWw . - hristdan€d ss L ear lel, P Quote# 1 WNGLEALE rs Rarfltf DOOR C4WPAcr Ljcen&e#SCC13 151235 A CRPIVIAN. IER57 r MMUP,-M.areuFAMRS Proposal _ OR FURNISH AND RVICE THE CUSTOM MADE PRODUCTS OESCRIBED AS FOLLOWS, FOR THE Date: + AM,kOURIT STdIRRATSd BELOW, Name, Contractor Biil Toa. Add,exs {a ds ani 4 Name: Zip: D Address, CIty= state. Zp,: _ Homem _. ,�' F: si t €� E-,iv 4. HQA Appraa+sai Necessary 0 Yaa 4. PhamFraw . cow r (Wb 1110 -_. - aarmowc e3'[nme_yz ImLeC w6rd—aSabo rncm'rar: _ :C 5870 dEeas+-eSu€€ae 2 ❑WhttA CleAr a :Aza In Other FaK `,x;, 't ria :t Suriac.a c6atKer: _ rAt num Produces , awdAr n UvUFgF sdcd S5 A r,,i rs � Obscured x+1858 PGT T 0CGI 0 CVS 0 MnErnor + . 0 N11"dei4Q Q.Also-Gas c setudrd SereW,Frame opt, a a Lie ;While ifi rare, a Sued. a - C mar, Las.. WITHOUT GRIDS H WITHOUT GdGRidi 5¥LNin DOM SSin HungjHalf Screen ez,twr Pw ad:ese—of eta. QUANTITYEl 3 D014114eFlUn fEUR Scr Gr;a ity --_ a de Iwsk%nd L�(0519),. fi uiew/On sah HeIght ❑W LR,• yF RomontallRoll" .�1axatG sald:xaf® LLJ2 Lite SM r (Haff-screen Standard) dt,5 x 6/8 ^,Wo x WS "Outside LookIng In r OR z X0 € ;a'ax a1d C 11Fa,x eta - -GTS C XCT O XX s ale We, 0 300 z s#e I S SST C SP2T Cr SPSIT--. o atG xa,1a 01610 x Edo : 4 dHs{f. C Srox orber. .Cuts de Look-nF9 to .T 1/4-t/`2-11A 3__ pr`S2orofi9lYt^ CRY. >, �Q Ca3Gc.0 X Con 'G �o share PactFaaa !d'4CLaJS'@ MYidtdaa'4V _.-. -4 T -41 4 Misr '.9Yec t7mttW;Wu au (NO;: ) �raua« �Radsad csrfretr aFrnams C EEIr_Mal, Ss F1.0, 0 Relte Labe CIVY'.. ' u acs Rex 1: �C14#f6 n _ =a2c a r�5+.andars apex I 13 H, R d 6RaZ) Awning FF7 { dt I I gnat Rated 'prude C.� r;'i'aaA "eyebrow 'Och Raunat �. Kms+ 0-F)apY trod Tia ___ a-5t4rw and 0 Caersr yr 0 SOL,c 180 ®V Cm muted a ROV€far c 13ABI Flats d mmh riambrsg Rauxm Tow Number of Nkj •Ira-.: ��aa+ax.cx Aatbwa.AN4,•,� _- ,..vN� -. BUYEWS CANCEL TOTAL MCI':� BUYER MAY CANCEL THIS CONTRACT BY DELIVERING WRIM,NO110E TO AClIRtSr'IAN GLASS Down Paymet COMPA.NY,AT AYTIME PRIOR To Fu IDWIGH'P OF T14F THIRD BUSINESS CLAY AFTER THE DATE F WmiFvw �a nr r: � -�.� -•,�..R. / - �«; THIS TRANSACTION,SHYER MAY USE THIS CONTRACT AT THE BOTTOM BY WRITING It Ha ER€gre F40314- CANCEL'AFFU ADDING BUY R"S NAME A1u0 AADDRESS THE NOT CB nr UST BE DEUdERED TO A� O FAteF' rixugs cash CHRISMAN GLASSCOMPANY AT THE ADDRESS SHOWN ABOVC pcw,a5�rn, � : �_A[mCYpiiCa kRxd i.C+. - Ydr$SIIS�€fA4°�t,�6�Ylr'�'�+�, r11r r':brle ct 3exsfa�m Sr Rrc'c-rl#F[Reel'rr{)Clamaftht waxFSh#e tik'srk.pr t+p5c s0a,14r€1d By Ya "e°Prartrla Lkenseallnaakr rs,. TO RAGGFMZAIE AsPAANG7GTW€ ARY KN THJS,rxGR to ON AMY flYk$R AIR BMEEN ii-OM$FIAra@A54 WOOMUM Uknrr1YloWVxk wrlro€asrsCT To TNG',,'+=2,uduoff 31P�',l a@.MAL TC Ta{E$ '#t Faa5.FA3dtFMMTHM'AGROCHOIT aY'.t&NLRAWRSGEJWus#'A NR6 RN GLASS,DOVO4'tl'M 2-MORINS VAMfGf ELY ONCKINNO,TUF Deli Ra WHICH THE "YrfrY4EFkYlN£a 7Ht Cuisyr Fee F7CAT�ar CdtP HOWEVER,THE PIMOVINGWA6 NOT LrMlP71RITE"OF TNF WA AMTS. CCW"LOW NILL.isr1t ,peftw.A.fw R. Aa Slarkf-W64 .w iNx 1190ard'UA MOW'Y 4A--Cmman Beat r#ter pakit or sw eve pmgsmt aE miuln9 wl*p myci,°Etfre3tmi�,. 4+CAr»[ssrhsw aAE warkw6a In&m'GrNesaadbk€»tNatw'. dKasa2A 5'kfi'sRa9rp4a 4WaP. A krtsdpnGWaA,Shag ash Yk.10 T` a rr.ar aadayx Knciu+bn6 v090OPaR4az, of r 'CabmgE aCsKsa kC33 da�tis#r^�1>RKNam r�Has tta-S4ca NsrP 4a sa9dad +aq#'.r rg aa,kis mos eyAy[ece€ib �F`aCN'vna x > rraPn W--0Ww 69W.afar HOA appy l9 .fit en wremor £"wedtuadrou,'a Mrc R§rass,e w anxRfw fi N K ;upaww pard", GFase,fiiaad t�t;oom WIN `aW4Weeas". rotte,J4llsalda mB ffia6e[ipd,.AR: ; r� •zlwNrwaa wa_mt, F}siyar's Srgnaaaer ��"��-_� .ChY..- n Cxtss fteprRaesraaeeve a� 1ss�Yar'x 5lgnauers. A.C. an Gros Rripresenwv. --... A CHRISTIAN GLASS&MIRRORCOMPANY PAGE OF 925 S.Congress Avenue r� DelrayBeacb,FL 33445 Quote# Pilone.561Q78-3.385 Proposal# ARM License SCC132151 35 AGREDToNhi"I€i MANUpACTUaa OR FVRNISP,AND$01142 FRE CUSTOM MADE ;{ PRODUCTS DESCRIBED A9 EGLIJOWS, FOR THE moi@'( ziq AMOUNT STIELP.tAT ED R@LDW,. NBm -941 Contractor Bill TO: .Andress; '". f Unit# —, Na Chyr: � �N estate ZIP: 16 Addr s: Unit It E-Mail: _ T+ cap., Crie Home- call HOA.APp anal Necessary Q Yes c3 NO DeVOLOPTItnt Nwnea l°ll6n@. Q C, YES Q En Q h4r.Cox Q PqT Q Pta roi.TThee'MATna � pasR.. r�Rd�N-Irfi�aEt �ss�r mh'— 0 viryt a Caches, t D Q HVHZ_ 9 Wsad Q FtrrlaarP AACRAE §add! LINE ISG: C�UTS1 Nt G IFdSWING OSU HINGE 5109.EI LEFT RIGHT (p WM HARDWARE'.PacgADE "` "nBla '9g€1ka# .Q S`+deNite Q Srmauth p ass ..Tired Nb +e asa U P. as $in�Iite Lt6en QSI.I: Q Left Q RfStvt Q nth �ldss Type, LAt+di �LIC, _— rrrsayra ti ,FL Racrnnsad�ii .. � ,d1 tt ,�aarGtmssSh,efcaSar. Has rear: � ' sw 5d l6ke Madel ' SddEta Class tlCdlar: dfldUin Gems;❑Yes =Ria ApprbS;irstate,Efar Slxc. u' ` Ct3uble dCaNrRcYl4'tl O5LN 0 Left 0 Right 14mb Slee: PrP'kE"Q5&!4 Q6913b*C'Y"-1d°+ CG9nt `-- LiQ4dIalL(J4uPr It1aCtIY@ 175LI;Q LafC Q Right _ - I TIAfe3lseal�:Q tatRdaPd 4d G3 aTY$ d}A HIrR Co34f, .�q,-, f/ Attached?' ItltdeF tTY3fl ' fiC-$, s"F CoIslnlal Q Cc -m l ^ptlaPcS:Q r E2a1e Q RRgN3i al ea a[F4e'2ROPr k OW, Y N TYN I iBl S fIBI a'OUTS�AwING INSWING OSID HINGE SIDS:',Q LEFT l RIGHT LHON. Uear FSfiI$i: _ HARDWARE=FACK,AGE S@earls C5 Drtwble Q 5idl -._ Srcnoa Plitt has b Tasdur8d Fiberglass Q Cf9&xCmea`t+Mfded C,P.d S"adNllte LaCatipfi OSU: L7 keFt I�Right Q RZatM GBass Fry+psu Q L +II 9 L(C� ,� , r lt'I�del# paur�yaxsStYltf*�Ydre _ wase,Mcoton, S¢dRl#td Nrl�ddl� side#[cw�N .�/ €er: W— -�---�" A�+penxaarr�t�fT�€lr5tti� IS�txdle r. e,§otiveE3.5L9 Q Lott Q RI�92t as p arae: d�xdA Q s 114*G s(a5 r f14 axed d ub4e Lt t r InaCCwe OSLI; Lit Q Hight rlry a FltraS$ddC„Q scandare€NdtE Q�roerEt Q ARA Hln,Be Ctllar __.. . .Attwched7 '.. _ nni5 Qr�plr.ai vCk,ak>im 't3Ct'r�n2a tta:. a Q4flara�ta�&?Faav nnlaatu--... Y Nt 7nte�iar Tn :QRe S yPNid :Q C1LIT51I(ING Q INS`1VING 05UHINGIE SIr9E.Q LEFT Q RIGHT LLICSA'T?C3NN= - tsvar Finish: a -.. HARDWARE.PACKAGE Q Nogle Q Double Q Sidelite Q Smooth Fiberglass 0 T Lured Fiber ass O d Cjtie d.d _-_... SEnel tet Location 05Ui Q Left Q Right Q nth Glass Type...-.a 1.AMI Q LIG sarla, Door Model P Ca+wr Gl StylelCtadaer. :.. HwrdwaPd�» --... Sldafatei Mosel 1* - swefim01M5evfelCstdr. Approximate Door Site: anwM."rna Ca Yes e Nd -.- table Door Acuve DSU- Q Left 0 t Tarr"Blatt CT d 9f25"Q S 1,14*069A6,Q 711x°Q Ctta#aeb5 Double UodrTn CaSkl:Q Q.RI' ISt. - '°._., .. Trate"W&Q9tarad0fd WE 13 drams Q ADA Hinge color, Matched? Inter Tr"m.Q iCtifids 6�a9dnlat 13 .-tem CCagxaann.^w a a.:� ypat namsalum Q Hi4ari=f3n1�h Y N Total rltrarle r . Notes: v,$ » �.�r 'rtarnad€,rv�- ta+sRr�a. xeaar�,.ararw - BUYEWS RiGHTTO CANCEL AL P'Ria*: BUYER Ad AY CANCEL THIS CONTRACT BY DELIVZRING WRITI`EN NOTICE TO A HR)5TIAN GLASS COMPANY,ATA1"TJMf PRIOR TO MIDNIGHTOF Down Fa ra.S THE THIRD BUSINESS DAY AFTER THE DATE O-A THIS TRANSACTION, DOOV"/CornmencluRtou BUYER MAY USE T144 CONTRACT AT THE BOTTOM BY V,fRMNG gl -- HEREBY CANCEL'AND ADDING BUYERS NAMEAND ADDRESS,THE Balance Due Upon Final. NOTICE MUST BE DELIVERED TO A,CHRI5TIAIY GWS CompANY AFTHE Q PACE Financing Q Cash On Caenpletion ADDRESS SHOWN ABOVE, Prpinet ID '. •erg - a�+a :saairrtarw ff Yes,�the Uniftnill d'agn a to dw wads..onaf opodiduras of Me Lead.We,# rk prtvtlhas us.set MIR:bl:.your F7ariaia� P pii2^:r#„ NOT WITHSTANDING TOFHE CONTRARY M FHM AGREEMENT OR AM OTHER AGREEMENT BETWEEN A-CHRISTIAN GLASS,MAXIM-UM UABIUTY TO RUYE'.:R. DURING GRESPECT1 7D THIS AGREEMENTDAT SHALL BE EIIN AL FCS THE AGGREGATE FEES PAID UNDER'TM AGREEMENT BY BUYER AND RECEIVED BY A-CEIRJSTOAN GLASS, i3LIRING THE twtCIN7HS IMMEDIATELY PRECEDING THE DATE iN'V HTCH THE FAC75 UNDERLYING THE CLAIM FOR INDEMNIFICATION OCCURRED.HOWEVEp,THE PRECEDING SHAU.NOT LiNlrr THE TEAMS OF THE IMARRANTy REFERENCED BELOW. r.Ckssdnrt as im ams s�yaaartteae Tar a�Y-: anwdN®ns-iPx"v9'dwe smx ttrnia faros,'WA.waadas,wrd 11, redly �,cB rwrt 3k Fmfr+t4raEtln rrY e++�4'A'ttPJrr�80aaGra3 orator arm dneaaeslarse.a k�7N4gaI.rµ.it}WaPTsekap�d'WArkTd de wCe'i�t�duR a 4lwalyf�d0�a.i%A@17k^FSCF1�rrSt�ST#fl�M[IS�ra4* .�k#S�ParPA#9 Md9ra`YnN.�{�fYfItl1Y aI�S, I�3t.ItIl I'A{d rwyRssarrl'p OUN t{'E3HI%PR7M1F3S§'t�I�ihfly.113aS4k�Ul$ dt4ays wrtlrtPd faan+.e,a�91 ,plop w!'�rxfas +y adadr mdAeerbsPsgd sur eedtrpf o rtsdEeasg chatH pr asyssappttad,sAwTy fwf thft e'arae€,4awaa:aR+s=snnvacz sNh�tr-xr maWr tacrdar we+sea#4dHmr, ems d+eir Rfi#a [d tee tr '€em+a,die r th�a drya qurrt eamxsidred I ,t€ Oftft. alts m+'If;ffid sa:bdaz wr rar+ drreurnPns..ti - ErcueP<[.crrMtsn ,iIiras vanercrs#w cgll�t dux "NAW NJ"E.pa,#dqua art art:7w�11 rnererxeddalty Iron Po.stt doer aFshs frwN3d.CaYEartirxrr F.eaaEa31 eeiUdd;&ux P4t4t&9 te-.s�tNP+dy FdCSe�iOteaiawn�am.V iarta a�B;nY'aGNBr P Qoxwned EY�Chrxan a.,.I ,rceLsm �rtl�r bi,walllaw xfawr.s6aralalEtrtaxl kto.sw3i�w Seaettli�sSatl+tSrwtiaRrPaaim _weddssfrwnr 4t� trt d.4z;JaxafstP sdvsl o4r�d.d,.7fila snaragsovsYiav#yx rte. t ran 3NkYaN .wn4 rrs agatr u'ar9sAndEacwltuf.drdk varpa wrnahnsNa.alrald '"rrsdut1. #.s3rd4yGd€Pr paniw#,AtaP+seldragrlTre3aaws*actwr niiE sz 6 ;anE rldrep atl ,'# r .+ti#'attaF$awi�elur.IddthiG: tr�ecdmroa4kl v,+hs �nwnhPgned anf -rvsi A.CC�ix'darrf�ra b�Xa.#row§rgmy ,y; i - x - -, BuTre{,%$.I�ia0L6t ", ,�.-ChrIwdan haaa rktpre he 8u1^eP"s.Srsaaurn A�€hristtdr 6 RnPeeaanreo�+t PhD Painting 1910 Belmont PI � vain-'"'" 'l:` Boynton Beach,FL 33436 U (551)516-90&2 conta phdpaintin>gpros,com www.phdpaintingpros,com Estimate ESTIMATE# 4955 DATE 01/2612021 ADDRESS SHIP TO EXPIRATION GATE 03/26/2021 Rajesh Patel , Rajesh Patel Raj Properties Inc, Raj Properties Inc. 109 E Boynton Beach Blvd109 E Boynton Beach Blvd Boynton Beach,FL 03485 Boynton Beach,FL 33435 PLEASE DETACH TOP PORTION AND RETURN WITH YOUR PAYMENT, F `1' 1 Exterior Painfing*Exterior Painting 10,9$5m 19,595-00 Prepare and paint,building exterior. Pressure wash walls an'trims Fill holes and cracks on stucco Caulk where needed Mask storefronts Spra prime walls and soffit S,an and treat rust on columns and left side window frame Spot prime treated spots 4,Spray paint walls and soffit one coat same or similar color -Paint trims Including columns and sign -Prime and paint loft side and rear doors 'INCLUDES:Sherwin Williams l_oxon Conditioning Primer&SuperPalnt Exterior.. EXCLUDES:Floor ,storefronts,railings,light fixtures,;light poles,metal roof,and all other areas rot mentioned above. Roof Painting 1 1,5So.90 1,680.00 Prepare and paint rnatal roof: Pressure wash roof Mask area around roof Sprayyy sealer 1 coat *lnn lade ✓�.cryluxnt 2 o C-fit Sealer and Acrylux Roof Paint Floor Painting 1,904 1.50 2,855,00 Prepare and paint storefront walkway Grind texture off on liquor More corner Pressure wash surface Fill dradks on concrete Paint concrete 2 coats *Includes Tuft Top Duraplate 289&Shark Grip Anti Slip Additive. Warranty can only be issued on floors that are currently bare concrete, Exterior Paintinf�.Railing 1 900.011 900.00 Prepare and pain#raising; Lightly sand surface Clean with deglossor Treat rust spots Spray primer Spray paint 2 coats "Includes Sherwin;1Yilliams Pro ryl industrial Pdrner&Electrostatic Paint L'leense Nutt ra;U-x'2135&1 G-PU=20541 R TOTAL Accepted By Accepted Lade License Numbets.U-22155&15-PU-0541 R' McNeill Signs 1305 Poinsettia Drive, Unit F4, Delray Beech, FL, 33444 http://www.mcneilisigns.com Invoice 1 �+ AL RLP INFO? INVOICE DATE 1 F �l Marry Skeen 02/116/2021 Due Upon Receipt Territory ManagerAl A � I v,OLIF sa�r LIQUOR' harr r@rncrrelll ignstcom 0211712021 QTS r` 11511 � .,,W, ORDERED BY INSTALL ADDRESS CONTACTINFO A1A Liquor 109 E Boynton Beach Blvd. t Roger 109 E Boynton Beach Blvd. ,Boynton Beach, FI, 33435 raj561hotmail.com Boynton Beach, Fl, 33435 , Attn:RO ER Attn:RO ER +1 561-753-5110 ITEM _ QTY DOM UPWCE TOTAL(EXCL.TAX) 1 Perform Freestanding Sign Survey I Unit $0 $0 Confirm face measurements and retainer measurements 2 Acrylic Faces wl LED Retrofit 1 Unit $2„421.12 $2,421,12 1. QTY;2-75”x 75"-Acrylic Faces 2. LED Retrofit of existing Sign cabinet Pule Sign Specs: 116" high overall size 8ft pale-Double sided 'AID ON METHOD AMOUNT 1 1111612020 Check 16470 $1,295.30 a Z Subt til- 2'1421112 Sales Tex(716/4): r TaV $25590,60 pth Total Paid. $t a SSg h Balance,Due, $1 2915.30 SIGNATURE- MATE: PRINTED ON 2011.02-16 15:08:34-0500 BY LF CREATED BY LF fit1 S S - ,. £ �tr6 £ "�„v l3 "Olm- mt 1000 W.Industrial Ave,Boynton Beach,FL 33426 Tel.561-572,2600 Fox 561-572-26161 CGC152431 7 Date Monday February 22 2121 Proposal 2021-0333 _ Submitted To. � Site®escrlpt�on #5122556 Prepared By: Rajesh Patel „ Rajesh Patel Liquor More Jacob Brookshire ( 139 Boynton Beach Blvd. ' Contact Information: 1 .I . Box 243 6 Boynton Beach, FL 33435 Mobile:561-531-9594 I Boynton Beach, FL 33435 ij Office: (551)572-2500 Contact Inforrrratlon ( E-mail.jacobpavinglady.com Phone:(561)758-5119 i (Mobile:(561)2004769 E-mail: raj 561hotrnall.com l Qty proposed Service(s)&Description(s) 51400 S4. Ft, STAR SEAL-(I)COAT SQUEEGEE,(r)COAT SPRAY IN(2) $2,895.00 MOBILIZATIONS Set up proper Maintenance of Trak(cones, barricades, etc). Thcaroughly clean area to be sealcoated using steel bristle brooms and blowers. Clean and prime oll spots prior to sealcoating. Apply Star Seal coal tar soler using(1)coat squeegee, (1)coat spray method Sealer is applied as per manufacturer; specifrcatlons using 2-3 lbs ofsillca sand per gallon. Lump Sum RESTRIPE-©OT TRAFFIC PAINT $600.00 Restripe to match existing layout using SWOT traffic paint: Includes,* Handicap Stall(1) Double Llne Square Trap(12) Yellow Wheel Stop(1.2) Stencil`Liquor Only„(4) Stop liar(1)' Directional Arrows(2) 6Inch White( tat?) 6Inch Yellow(155) Mobilization Fee(1) PAYMENT ENT TERMS 50%due capon signing Due Upon Completion Project Total: $3,495.00 This proposal may be withdrawn at our option if not accepted within 30 days of Feta 22,2021 Pavement Consultant Jacob Brookshire Accepted Authorized)Signature Proposal#2021-0333 TERMS AND CONDITIONS 611 The Paving Lady. hereafter referred to as"TPL" Asphaltic concrete is a practical, clean:,long-life pavement. Relatively soft when laid,it hardens with age. It "tire marks"for several months and there is a noticeable porosity at first,but rubber tire traffic will smooth these areas, sealcoating is also recommended to protect the asphalt and produce a smooth beautiful finish.Gasoline and oil spills will soften and dissolve the asphalt, We cannot be responsible for the following. Cracks in asphalt that may appear. Grass that grows through new asphalt. It can be killed by a commercial weed killer, Puddles under 1/4"where grade is less than 1"in 10 feet. Puddles when patchwork is done. Damage to sidewalks when it is necessary to cross then with our equipment to complete the job. *Damage to underground water,electric or utility lines. *Excessive cleaning, dirt or debris removal will result in additional costs to contract total. *Any damage caused by rain or sprinkler water, *If closed off area of construction is entered by anyone other than The Paving Lady staff and damage is done to this area or other areas,you will be charged for all repairs to said area, *New asphalt edges being damaged by weed eaters or lawn mowers. This proposal is based on work being completed during the hours of 7:00 am and 5:00 pm, Monday through Friday(excluding holidays and weekends)unless otherwise stated in contract. Any punch list items must be submitted in writing.No repairs will be made until 90%of the invoice amount has been paid. If quantities are provided by client and plans are not available for review prior to submitting quote,final payment to be based upon actual quantities installed as determined by field measurements upon completion. Any changes to this proposal without prior approval from The Paving Lady will void this proposal.All changes must be initialed by both partle& If The Paving Lady does not initial changes, original prices will be stated in proposal.JNis WeEk Will b"ahad uled wilb2UI a 11190211_PMRejaUatA dglaaliL When this form is signed by Customer and an officer of The Paving Lady it becomes a contract and customer agrees to pay for work completed,at the contract terms. Should a dispute arise between contractor and client,it will be negotiated in arbitration and mediation. Customer agrees to pay interest at a rate of 1,5%per month from date of completion on the unpaid balance.In addition, client shall[ay all legal costs and expenses including reasonable attorney's fees, if not resolved in mediation. Materials and workmanship guaranteed one year from date of completion of work, No warranties will be honored unless payment is paid in full. *All deposits are non-refundable upon cancellation of contract by client for any reason. *The Paving Lady shall not be responsible for"Bird Baths"on parking lots when the design grade is less than 1%fall, In the event that any work is done under this agreement as amended,or any side agreement, by The Paving Lady, Inc.,which work is on public property, the customer agrees and understands that the project property which it owns shall be charged with all indebtedness hereunder, *It is expressly agreed that there are no promises,agreements,or understandings not set out in this contract.Any subsequent cancellations or modifications must be mutually agreed upon in writing. Unless otherwise agreed,any additional;expense not covered by this quotation which is incurred by The Paving Lady as a result of utility conflicts, adverse weather or interruptions, delays or damages caused by other contractors will be borne by customer. Unless a time for the performance of The Paving Lady's work is specified,The Paving Lady shall undertake its work in the course of its normal schedule.The Paving Lady shall not be liable for any failure to undertake or complete work due to causes beyond its control, including but not limited to fire,flow,or other casualty,labor disputes,accidents or acts of God,whether directly or indirectly affecting this work or other operation in which The Paving Lady is involved. Unless otherwise agreed herein,payment terms are net cash, upon receipt of The Paving Lady's invoice.All moneys not paid when due shall bear interest at the maximum rate allowed by law at the project. Progress payments will be made on a monthly basis. Notice OfLien: Any person or company supplying labor or materials for this improvement to your prop" may file a lien against your property if that person or company is not paid for the contributions. Customer Initial Date � ' T t EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 9, 2021 CONSENT AGENDA AGENDAITEM: 11.E. SUBJECT: Approval of Commercial Property Improvement Grant Program in the Amount of $21,205.80 for AMS Acquisitions, LLC located at 517 NE 5th Avenue SUMMARY: The CRA's Commercial Property Improvement Grant Program provides eligible businesses (new or existing) with financial assistance for the initial costs associated with the construction, repair, and/or rehabilitation of commercial building improvements. The Commercial Property Improvement Grant Program provides a 50% reimbursement of the applicant's expenditure for the eligible improvements up to a maximum grant total of $50,000. Under the program guidelines eligible improvements must be permanent items that stay with the building. CRA staff has received a complete grant application from AMS Acquisitions, LLC located at 517 NE 5th Avenue, Boynton Beach, FL 33435 (see Attachments I - I11). AMS Acquisitions, LLC is a commercial property that has been home to Nature Craft Marble since 2004. Nature Craft Marble is an importer of natural and engineered stones as well as providing state of the art fabrication of vanities and counter-tops. As the commercial property owner, the applicant falls under the terms of a Tier I I business, as outlined in the grant application. The applicant is seeking reimbursement for exterior improvements including impact windows and doors, parking lot improvements, exterior paint and a new awning. The total cost of eligible property improvements is approximately $35,343 (see Attachment IV). If approved, the applicant is eligible to receive a maximum grant of $21,205.80 in reimbursable funds which includes a 20% contingency provided that the applicant expends an equal amount in matching funds as required under the terms of the grant. The grant is reimbursed to the applicant once the City of Boynton Beach Building Department approves all permit requirements and the proper reimbursement documentation is submitted to CRA staff for approval. FISCAL IMPACT: FY2020-2021 Budget Project Fund, Line Item 02-58400-444, $21,205.80 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Approval of the Commercial Property Improvement Grant not to exceed the maximum grant award of $21,205.80 to AMS Acquisitions, LLC located at 517 NE 5th Avenue, Boynton Beach, FL 33435. ATTACHMENTS: Description D Attachment I -Commercial Property Improvement Grant Application D Attachment II - Location Map D Attachment III -Warranty Deed D Attachment IV - Project Quotes d ' CRA. CO"AhAUNIff'f REDEVELOPMENT AGENCY October 1, 2020 — September 30, 2021 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY COMMERICAL PROPERTY IMPROVEMENT GRANT PROGRAM Program Rules and Regulations The Commercial Property Improvement Grant Program is designed to help facilitate the establishment of new businesses and aid in the expansion of existing businesses within the Boynton Beach Community Redevelopment Agency (the "BBCRA") Area. The program is designed to provide financial assistance to new and existing businesses in the form of a reimbursable grant intended to reduce the initial costs associated with the repair and rehabilitation of buildings or other improvements in accordance with the BBCRA Community Redevelopment Plan. Improvements paid for by the BBCRA must be permanent and stay with the building. The BBCRA reserves the right to approve or deny any Commercial Property Improvement Grant Program application and to deny payment at any time if, in its sole and absolute discretion, it determines that the business will not advance the goals and objectives established for redevelopment of the BBCRA Area. For purposes of this application,the term"new business"means a company in operation for less than six months or relocating to Boynton Beach. The term "existing business" means a company that has been in operation within the BBCRA Area for a minimum of two years at the time of application and has at least two years remaining on its existing lease. The term "project" means the eligible exterior or interior improvement project for which the applicant seeks reimbursement. lnitla Page 1 of 17 Property Improvement 100 East Ocean Avenue,41 Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com The Boynton Beach BBCRA is a public agency and is governed by the "Florida Public Records Law"under Florida State Statutes, Chapter 119.Any documents provided by the Applicant(s) may be produced the BBCRA upon receipt of a public records request, subject to any exemptions provided by Florida Law. Incentive Funding The Commercial Property Improvement Grant Program offers financial assistance to the landlord or business owner in the form of a reimbursable, matching grant for 50% of eligible expenses, up to $50,000, associated with the construction or renovation of the exterior and interior elements of the commercial operating space. Applicants are encouraged to take advantage of the City of Boynton Beach's PACE Program to help defer the cost of installing energy efficient items. Information regarding the PACE Program is available online at http://www.boynton-beach.org/go- green/pace_program.php or by contacting the City of Boynton Beach at(561) 742-6067. Attached is the ReNew PACE Eligible Product List. Applicants are also encouraged to connect with CareerSource Palm Beach County which is a State organization providing various free programs to assist Palm Beach County businesses. CareerSource Palm Beach County has a dedicated team of career counselors, business coaches and training providers to help area businesses stay competitive through training grants and talent acquisitions and also provide assistance in posting available jobs, recruiting and hiring, and training opportunities. For more information regarding CareerSource Palm Beach County visit their website at careersourcepbc.com or view the attached brochure. Eligibility Requirements Applicants must meet all of the following requirements in order to be considered eligible to receive grant funding: • Applicant must be the business entity (or d/b/a) named and the principal owners named on the corporation documents,and must be the landlord or business owner of the company occupying the property to be improved. • Must be located within the BBCRA Area (see attached map). • Must provide proof that the commercial business is properly licensed by all necessary levels of government and professional associations or agencies(copies of City and County licenses or receipts that the licenses have been applied for). Initial Page 2 of 17 Property Improvement 100 East Ocean Avenue,4'1 Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com • Improvements to non-profit and residentially zoned properties are NOT eligible expenses. • Applicant must have an executed multi-year lease with at least two years remaining on the lease at the time of BBCRA Board approval • Proposed leases must be executed within 30 days of BBCRA Board approval or the grant award is terminated. • The Applicant's Experian consumer credit report must reflect an acceptable level of financial stability, as determined in the sole discretion of the BBCRA. A copy of the consumer report will be provided to the applicant upon request. Applicants must have an Experian credit score of 601 or higher and have no listed history of bankruptcy to be eligible. If there is more than one business owner,the majority of the business owners must have credit scores of 601 or higher to be eligible. • All work must be done in compliance with applicable City of Boynton Beach Building Codes and Land Development Regulations. All contractors must be licensed as required to work in Boynton Beach and/or Palm Beach County. For any projects valued more than$250,000 (based on the project's construction value as it appears on the Palm Beach County-Wide/Municipal Building Permit Application Form submitted to the City of Boynton Beach),preference will be given to projects that will use contractors with an office in Palm Beach County. Please contact the City of Boynton Beach Development Department regarding the proposed work to be performed prior to submitting a grant application. • Grant funding amounts will be based on the applicant's project budget, specified at the time of the BBCRA Board approval, plus an added 20%contingency funding amount. • Grant funds will be reimbursed exclusively for approved work and approved change orders. • The Commercial Property Improvement Grant Program may only be used onetime in any five year period for any one property. Entities hoping to improve properties that were previously improved using a BBCRA improvement grant may apply for additional grants any time after five years from previous grant approval. • In order to qualify for the grant,the subject property may not have any outstanding City of Boynton Beach liens at the time the applicant seeks reimbursement. To ensure that the property does not have any outstanding liens,violations or monies owed for utilities, the BBCRA will perform a lien search on the property at a cost of $115.00, which will be deducted from any grant funding awarded to the recipient. Initial Page 3 of 17 Property Improvement 100 East Ocean Avenue,4th Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com In the event that there is an outstanding lien against the property, the grant will not be awarded until the complete satisfaction of the lien. • In order to receive the full amount of any awarded grant, the property owner or tenant must complete the project, obtain a Certificate of Occupancy/Completion from the City of Boynton Beach, and submit for reimbursement within 180 days of the issuance date of the permit for the project. (As further described below, applicants may request reimbursement for up to 50% of their grant award prior to completion of the project.) If BBCRA Board approves grant funding and the work being performed does not require a permit, the Certificate of Completion (or equivalent)and application for reimbursement must be within 180 days of the grant award. Failure to complete the improvements within the specified time frame will result in termination of the grant award, at which point the CRA no longer make payments for any reimbursement requests, regardless of whether the request was submitted prior to the termination of the grant. Only one 60 day administrative extension will be permitted, and the BBCRA has the sole and absolute discretion to grant or deny such extension. • Project items completed and paid for by the applicant more than 60 days prior to grant approval by the BBCRA Board are not eligible for reimbursement under the grant program.A complete application must be received within 60 days of payment in order for an expense to be eligible for reimbursement. Once a complete application is received,the application will be placed on the next available agenda for review and potential approval. • BBCRA Board approval of this grant results only in funding. Approval of BBCRA grant funding is NOT approval of any type of City processes including, but not limited to, permits and site plan modification.Applicants must apply for permits and site plan modification through the appropriate departments at the City. All commercial projects require permitting and site plan modification reviews. It is the responsibility of the applicant to obtain all necessary City approvals. • Grantees shall allow the BBCRA the rights and use of photos and project application materials. • The BBCRA Board may give preference to local businesses. For purposes of this grant, local business means a duly licensed business entity with an office location in Palm Beach County. Initials Page 4 of 17 Property Improvement 100 East Ocean Avenue,4th Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com Projects and items eligible for funding under this grant program are limited to: • Structural walls • Plumbing • Flooring • Grease trap installation . HVAC system • ADA Improvements • Electrical systems, • Hood &fire • Signage including exterior and suppression . Doors/windows interior lighting • Landscaping and • Parking lot re-paving, • Patio decks irrigation within the re-sealing, and/or connected to the project site restriping building Painting • Fencing (excluding • Demolition of structure • Roofing (Not to chain link, barbed wire, and re-sodding of exceed 50%of and wood panels) vacant property total grant award) • Electric vehicle charging • Solar electricity and • Security stations—See attached water heating—See cameras/system" ReNew PACE Eligible attached ReNew PACE (not including Product List Eligible Product List security personnel) ** Notwithstanding the limitation that grants may only be used once every five years for any one property, previous grant recipients that received less than the maximum amount of grant funding from Commercial Property Improvement Grants or Economic Development Grants are eligible to reapply to receive 50% matching reimbursable funding in an amount not to exceed $3,000 for the installation of new security cameras/systems. Ineligible Businesses The following businesses are considered ineligible for assistance under the Commercial Property Improvement Grant Program: • Massage/Personal Services • Medical Research Centers/Housing • Firearm Sales/Shooting Ranges • Massage/Personal Services • Religion- Affiliated Retail Stores • Churches/places of worships • Non-profit Organizations • Alcohol and/or Drug Rehabilitation • Adult Gambling Arcades Centers/Housing • Check Cashing Stores • Any other use that the BBCRA staff • Adult Entertainment or.BBCRA Board determine will not • Vapor/E-Cigarette Stores support the redevelopment of the BBCRA Area Initials- Page nitial Page 5 of 17 Property Improvement 100 East Ocean Avenue,4th Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com • CBD Retail Stores Grant Terms and Conditions This grant is divided into three tiers of eligibility. Businesses are classified into tiers based on the type of business, which then determines the amount of eligible funding. All reimbursement checks from the BBCRA to the successful applicant will be made out to the applicant(the business entity). Grant funding amounts will be based on the applicant's project budget specified at the time of BBCRA Board approval, plus an added 20%for contingency funding. Tier One Business Tier One Businesses are eligible for reimbursement of 50% of the applicant's project budget as specified at the time of BBCRA Board approval, up to a maximum amount of $50,000 in grant funding. Tier One Businesses must be one of the following types of business: • Restaurant • Hotels/Motels/Bed and Breakfast • Gourmet Food Market (the Board will grant no more than • Bakery four approvals in this category per fiscal year) Tier Two Business Tier Two Businesses are eligible for reimbursement of 50% of the applicant's project budget as specked at the time of BBCRA Board approval, up to a maximum amount of $25,000 in grant funding. Examples of Tier Two Businesses include, but are not limited to, the following types of businesses: • Home Decor/Design —home • Boutiques—clothing, shoes & furnishings, art galleries, kitchen accessories wares . Law Offices • Accounting Offices • Hair/Nail Salons (no more than two • Real Estate Offices approvals per fiscal year) InItI*41f-`17 Page 6 of 17 Property Improvement 100 East Ocean Avenue,411 Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com • Marketing Offices • Medical Offices • Fitness Facilities—yoga, dance • Insurance Offices exercise, martial arts, etc. . Take Out Restaurants • Auto Services Facilities—repair, • Tattoo Parlor/Body Piercing/Body storage, sales, etc Art Shop (no more than two • Specialty Retail Businesses— approvals per fiscal year) stationary, gifts, sporting goods • Florists (no more than two • Other commercial fagade only approvals per fiscal year) improvements Tier Three Business (no more than two approvals per fiscal year) Tier Three Businesses are subject to BBCRA Board for review and approval. Tier Three Businesses eligible for reimbursement of 50% of the applicant's project budget as specified at the time of BBCRA Board approval, up to a maximum amount of$15,000 in grant funding. Tier Three Businesses must be one of the following types of businesses: • Kava Tea Bar • Pawn Shops • Convenience Stores: (Fagade • Liquor Store and Security Improvement • Laundry/Dry Cleaner facility only) Lease Terms If the applicant is a tenant, it must have a proposed or executed multi-year lease with a minimum of two years remaining on lease. The commercial lease must define the landlord-tenant relationship and at minimum provide the following information: • A description of the space being rented, including square footage and a drawing of the space; • Description of utilities that are the tenant's responsibility; • Rental rate and deposits along with terms of lease and methodology for future rent increases; • Responsible party for interior and exterior repairs and/or improvements; • Insurance requirements; • Ability to terminate; and Initials Page 7 of 17 Property Improvement 100 East Ocean Avenue,0 Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boVntonbeachcra.com • Consequences of default on the lease. Application Process Applications can be obtained from the BBCRA office located at 100 East Ocean Avenue, Boynton Beach, FL 33435 or downloaded from www.boytonbeachcra.com. All applicants are required to meet with BBCRA staff in order to determine eligibility before submitting an application. Applications will not be considered until all required documentation is submitted to the BBCRA office. Application to this grant program is not a guarantee of funding. Funding is at the sole discretion of the BBCRA Board. Applicants must submit an original, "hard copy" application with all materials to the BBCRA for review and approval by the BBCRA Board. Applicants will be considered on a first-come, first-serve basis. Application packets must include the following documentation: 1. A non-refundable fee of$100, which will be used to obtain a consumer credit report on the business and principal/owners of business. Make check payable to: Boynton Beach CRA. 2. Written detailed project budget describing the improvements to be done to the property. 3. Cost estimate(s) from a licensed contractor(s) as specified in the applicant's project budget. It must list all project costs for which the applicant is requesting reimbursement. The project budget must provide a total cost of the project. 4. Signage design, project color chips, material samples and material specifications, if applicable. 5. Copy of building permit receiptlapplication. If the permit has not been applied for prior to submission of the grant application, a copy of the building permit receipt is due within 90 days of grant approval, or the grant award may be terminated. 6. Resume for each principal/owner of the business. 7. Copy of the corporate documents for the applying business entity. 8. Copy of executed multi-year commercial lease agreement. 9. Copy of Warranty Deed. 10.Two years of corporate tax returns (for existing businesses only). 11.Two years of personal tax returns for the principal/owners of a new business. Initial Page 8 of 17 Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com 12.Copy of design and construction plans associated with the proposed improvements. 13.List of jobs to be created and filled including job descriptions, pay range and weekly schedule. For existing businesses, provide a list of all current positions including job descriptions, pay range and weekly schedule. 14.A minimum of four color digital "before" photos of the exterior and interior portions of the project. 15.Completed and signed application (attached). 16.Authorization to perform credit check for the business and each principal/owner of the business (attached). 17.W9 Form and Vendor Application (attached). 18.City Planning and Development Department Acknowledgement Form (attached). 19.City Permit Department Acknowledgement Form (attached). The above referenced City Forms (line 18 and 19) must be completed and submitted to the appropriate departments, which are located at City Hall 100 East Ocean Avenue, Building Department, Boynton Beach, FL 33435. Phone (561) 742-6000. Approval of Funding Request All re uired documentation must be submitted no later than noon two weeks rior to the second Tuesday of the month. BBCRA staff will review the application to evaluate whether the project is eligible for reimbursement. If it meets these requirements, BBCRA staff will present the funding request to the BBCRA Board for review and potential approval. The BBCRA Board meets on the second Tuesday of each month at the Commission Chambers located in City Hall at 100 East Ocean Avenue, Boynton Beach, FL 33435. The schedule for BBCRA Board meetings can be obtained at www.boyntonbeachcra.com. Applicants will be notified of the date and time that their applications will be considered by the BBCRA Board. The BBCRA recommends that applicants attend the BBCRA Board meeting during which the Board will consider their applications in order to answer any questions the BBCRA Board may have regarding their applications. BBCRA staff will notify the applicant of the BBCRA Board's approval or denial in writing. Initials Page 9 of 17 Property Improvement 100 East Ocean Avenue,41"Floor, Boynton Beach, FL 33435—Phone: (561)600-9090 www.boyntonbeachcra.com Site visits BBCRA may conduct a site visit prior to transmitting the application to the BBCRA Board and once the project is completed. Staff may also conduct unannounced site visits before, during, and after the project in order to determine and ensure compliance with the terms of the grant. Procedures for Reimbursement This program is designed as a matching 50% reimbursable grant. All work for which reimbursement is sought must be completed and paid for by the applicant prior to the release of BBCRA funds. The applicant may request reimbursement for partial payments throughout the project for up to 50%of grant award. The remaining 50%of grant funding will be held until the project is completed according to the City of Boynton Beach Building Department, and if applicable, a certificate of occupancy has been issued, at which point the applicant may submit a final reimbursement request. The BBCRA will provide reimbursement to the applicant upon submittal of a complete reimbursement request package. All reimbursement requests and supporting documents must be submitted to the BBCRA (3)days prior to the grant expiration date.The BBCRA may refuse to issue grant funding if the submission is not received by the specified time. Once the work is completed the reimbursement request shall be summarized in a report and accompanied by the following documentation: 1. Invoices, receipts or other acceptable evidence of payment from suppliers and licensed contractor(s)that have been marked "paid in full." Proposals for"work to be completed" or"bids" are not considered proper documentation. a. Each item must be supported by a cancelled check showing the face of the check, as well as the back of the cancelled check. The only forms of cash payments that are acceptable as evidence of payments are cashier's checks and bank transfers.A copy of the cashier's check to the payee must be provided as proof of payment. If payment is being made by a bank transfer, a copy of the statement from both payer and payee showing the transaction and/or copy of the email/text verification from both parties. 2. Copy of City of Boynton Beach and Palm Beach County licenses (Business Tax Receipt). Initials__ Page 10 of 17 Property Improvement 100 East Ocean Avenue,4th Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com 3. For partial reimbursement requests, a Partial Release of Lien from licensed contractors must be submitted. 4. For the final reimbursement request, the following must also be submitted: a. A"final release of lien"signed by each licensed contractor(s). See attached Sample of a Final Release of Lien form. 5. A minimum of 4 color"after" photos of the project. 6. A copy of the Certificate of Occupancy/Completion. By submitting the final reimbursement request, the applicant warrants that all bills for which applicant is directly responsible related to the project are paid in full including, but not limited to, all contractors, labor, materials, related fees and permits. Grantees may not submit work improvements for reimbursement that have been used as part of a reimbursement request for any other grant program offered by the BBCRA, City of Boynton Beach, Palm Beach County or the State of Florida.The Commercial Property Improvement Grant Program will only reimburse applicants for new expenditures that have not been submitted to other grant programs for reimbursement. SUBMISSION OF AN APPLICATION IS NOT A GUARANTEE OF FUNDING It is the responsibility of the applicant to READ AND UNDERSTAND all aspects of the Grant Program's Rules/Requirements and Application. NOTICE TO THIRD PARTIES: The grant application program does not create any rights for any parties, including parties that performed work on the project. Nor shall issuance of a grant result in any obligation on the part of the BBCRA to any third party.The BBCRA is not required to verify that entities that have contracted with the applicant have been paid in full, or that such entities have paid any subcontractors in full.Applicant's warranty that all bills related to the Project for which the applicant is directly responsible have been paid is sufficient assurance for the BBCRA to award grant funding Page 11 of 17 Property Improvement 100 East Ocean Avenue,4th Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com BOYNTON iiiiiiBEACKCRA APPLICANT INFORMATION BUSINESS INFORMATION: Business Name(d/b/a if applicable) Current Business Address: b d)-7 /✓ %�%�i-rk2'»� /�'� !J Fed ID#: -0 Business Phone Number: C - _____ Cell: S;dl q q b Website: Existing Business:Yes No Number of years in existence: Time at Current Location: New Business to Boynton Beach:Yes No Do you have an executed lease agreement:Yes_No e/If so,monthly base rent: New Business Address(if applicable): Square footage of current location: L/ot>o Square footage of new location: Type of Business: r e Tier 1 Business:❑ Tier 2 Business:t Tier 3 Business:❑ (Tier Classification subject to BBCRA Board Approval) Number of Employees: Hours of Operation: - 3 0 S-11 v� 0 List of improvements seeking reimbursement for:f ad d wa h ML&C4 r Requested grant amount: o o 3 Page 12 of 17 Property Improvement 100 East Ocean Avenue,41 Floor,Boynton Beach,Fl.33435-Phone:(561)600-9090 www.boyntonbeachcra.com BOYNTON �(7 *&,&,wBEACHi,N..,.,.R,A W41R AGENCY NC Y APPLICANT INFORMATION PRINCIPAUOWNER INFORMATION: (If more than 4 principals/owners additional sheets may be used) I Principal/Owner Name: r� � e Date of Birth: Email: -habire V e- o Residential Address: Cell Phone Number: -` 0 2—Olt Lk- 2. Principal/Owner Name: F G '. i e Date of Birth: �'a r. � Email: Residential Address: Cell Phone Number: 3. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: 4. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: Are you applying for grant assistant under any other program offered by the BBCRA? L Yes No 1-If yes,what additional programs are you applying for: Page 13 of 17 Property Improvement 100 East Ocean Avenue,41'Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com BOYNTON r D ,,,OAVIV; U IT' REDI., Iu .OPMEN AGEl CY APPLICANT INFORMATION Are you receiving grant assistance under any other governmental agencies:Yes_No If yes,list any additional grant sources and amounts: LANDLORD INFORMATION: Landlord Name: Ai Ac aFr1 F ` Landlord's Mailing Addres -/ /I/ s Gllu�- ®L4 e Landlord4 Phone Number: CERTIFICATION AND WAIVER OF PRIVACY, ,,. . For purposes of this certification and waiver of privacy,the term"I"refers to the applicant and to all signatories below individually. By signing below,each signatory represents and confirms that he or she is authorized to sign on behalf of the applicant(s). I,the undersigned applicant(s),certify that all information presented in this application,and all of the information fumished in support of the application,is given for the purpose of obtaining a grant under the Boynton Beach Community Redevelopment Agency Commercial Property Improvement Grant Program,and it is true and complete to the best of my knowledge and belief. I further certify that I am aware of the fact that I can be penalized by fine and/or imprisonment for making false statements or presenting false information. I further acknowledge that I have read and understand the terms and conditions set forth and described in the Boynton Beach Community Redevelopment Agency Commercial Property Improvement Grant Program Rules and Requirements. I understand that this application is not a guarantee of grant assistance,and that award of grants is at the sole discretion of the Boynton Beach Community Redevelopment Agency Board. Initials Page 14 of 17 Property Improvement 100 East Ocean Avenue,4"'Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com B0YNT01'�,+,,,(,r%'1' mom B E AC H g �s, � n " "`�,r`x `�,l���;�NI" f"*w2��ucu�'uG� L01 i'��3'oeN AGENCY APPLICANT INFORMATION understand that the purpose of the grant is to further the Boynton Beach Community Redevelopment Plan, and that the Boynton Beach Community Redevelopment Agency may decline my application for any legal reason, including the reason that granting the award will not further the Community Redevelopment Plan. Should my application be approved, I understand that the Boynton Beach Community Redevelopment Agency may, at its sole discretion, discontinue grant payments at any time if in its sole and absolute determination it feels such assistance no longer meets the program criteria or is no longer in furtherance of the Boynton Beach Community Redevelopment Plan. To the maximum extent possible, I hereby waive my rights to privacy and confidentiality for all matters contained in this application, and give my consent to the Boynton Beach Community Redevelopment Agency, its agents and contractors to examine any confidential information given herein. I further grant permission, and authorize any bank, employers or other public or private agency to disclose information deemed necessary to complete this application. I specifically authorize the BBCRA to run a credit report as part of this application,and understand that information in my credit report, including a record of bankruptcy, may disqualify me from obtaining grant funding. I give permission to the BBCRA or its agents to take photos of myself and business to be used to promote the program. I understand that if this application and the information furnished in support of the application are found to be incomplete, it will be not processed. Initi Page 15 of 17 Property Improvement 100 East Ocean Avenue,4"'Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com BOYNTON gg g o 4�,�x�w*�k%/Uh�,S�,��'s�Iff Y REDEPI E:(tn,(a)PMEN'S AGENCY APPLICANT INFORMATION APPLICANT SIGNATURES: 2-1 Pnnc`p I/ r'�Sign tura p, Date Printed Name Title 2. Principal/Owner's Signature Date Printed Name Title 3. Principal/Owner's Signature Date Printed Name Title 4. Principal/Owner's Signature Date Printed Name Title Notary as to Principal/Owner's Signatures - Multiple notary pages may be used If signing Individually STATE OF HOC COUNTY OF BEFORE ME,an officer duly authori ed by law t administer oaths and take acknowledgements, personally appeared who is/are personally known to me or produced _ as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING,I have set my hand and official seal in the State and County aforesaid on this day of Feb 2 ARY PU LIC My Commission Expires: Page 16 of 17 Property Improvement 100 East Ocean Avenue,4"'Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com Samantha L Homoky Notary Public State of Florida My Commission Expires 08/29/2022 Commission No. GG 253763 ., tk ;�>t�er�r>a APPLICANT INFORMATION APPLICANT SIGNATURES Principal/Owner's Sig ure °/ Date e e,, Printed Name Title 2. Principal/Owner's Signature Date Printed Name Title 3. Principal/Owner's Signature Date Printed Name Title 4. Principal/Owner's Signature Date Printed Name Title Notary as to Principal/Owner's Signatures - Multiple notary pages may be used if signing individually STATE OF fUkLA COUNTY OF `I'mr� s BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personal) a _ -_-- who is/are personally known to me or produced as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this _ day of __ - -. 20 , NO P SLI M C isslon Expires: Bonnie Niddien Page 16 of 17 NOTARY PUBLIC STATE OF FLORIDA Property Improvement "'� . , 'Comm#GG108394 100 East Ocean Avenue,41 Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 � Coma a 8/2613 94 www.boyntonbeachcra.com Iq .. BOY N TO N 10020BEACH KA COMPOUM % REM EL()?ME "a°1 A',a,,,.^"`NC"If LANDLORD INFORMATION LANDLORD SIGNATURES: 1. r Lan lord's Signature Date j AL�.1,< Printed Name Title 2. Landlord's Signature Date Printed Name Title Notary as to PrincipallOwner's Signatures-Multiple notary pages may be used if signing individually STATE OF T1 O� ACk COUNTY OF BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared , who is/are personally known to me or produced t as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this day of ,2 Samantha L. Homoky PUBLIC ARY r Notary Public My Commission Expires: State of Florida My Commission Expires 08/29/2022 Commission No. GG 253763 Page 17 of 17 Property Improvement 100 East Ocean Avenue,4th Floor,Boynton Beach,FL 33435-Phone:(561)600-9090 www.boyntonbeachcra.com BOYN }HICfii� 1'Sy�� COMMUNITY REDEVELOPMENTA LANDLORDINFORMATION LANDLORD SIGNATURES: T Landlord's Signature + - Date Printed Name Title 2. Landlord's Signature Date Printed Name Title Notary as to "ncipa 's Signatures-Muldple notary pages may be usW ff signing indiv4dually STATE OF COUNTY OF BEFORE ME, an officer duty authorized by law to administer oaths and take acknowledgements, person!!y appeared who is/are personalty known to me or produced as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her ad and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this I day of . 20_2L. Bonnie Nid)ien NO, UBC NOTARY PUBLIC My Commission STATE OF FLORIDA Expires: Comm#GG108394 Expires 5/25/2021 Page 17 of 17 Property Improvement 100 East Ocean Avenue,41h Floor,Boynton Beach,FL 33435—Phone:(561)600-9090 www.boyntonbeachcra.com 2/22/2021 PAPA Maps 2 DOROTHYJACKS - -�CFA,AAS =p P BeachZ tyP p rt Appraiser 8f%i,fii as# }&i4rffx iy�s tf r".,1 w,�. fir,_ n,,," F[ e•R� _ - r}'�.`rt,' at i �trs i'" � rl ' i ,C �rt) rt le"��i� t tA,t� , Search by Owner,Addressor Parcel S 1 00 View Prop ertY Record yy i ��ifsllilliiliic j ' Owners f4, )t t r i-�l r�iJ�3 t jl� rs ifr\t#3`t tit i �� tAAE" A M S ACQUISITIONS LLC Property Detail ,t 517 NE 5TH AVE - ..Murlicioah-ly BOYNTON BEACH Parcei No. 08434521260010091 ROBERT ADD TO "' " NF Sth�3�Ve YPI Su,divi: :or:TOWN OF BOYNTON ��1fy y IN 0 4 ;c 16726 Page 727 `^a..le Da e=. MAR-2004 44s r # , ; 1601 SW 10TH ST 1 �) \ ��tMai' 9t jA iol Address ss DELRAY BEACH FL {� ��� ��� #'I� ��� 33444 1247 4800-WAREH/DIST i • e. I ype TERM \ltr It 1 iy �i� 4000 - LU lrs r t Square e e.. its Sales Information #; Sales Date Price MAR-2004 540000 JUN-2001 14000 ' a Y" UL-1 993 100 , �Itf i JAN-1990 100 �tFjr., JUL-1988 100 - fl 1 Z r\ s� `\�3t}Y S Vfa)(1 rr?a iry sf t t+9E 4th"Rve 05 t; ti Appraisals I �'� t, ! l t �.;ft Tax Year 2020 . e: e .e.i. �,.s . ! ..e, $179493 s [ rr .-e $376445 r t ! �ta. e ��!��Sot — fA\��S _ •; i if4� - � C t,��){�)� � i All values are as of January 1 st each year Assessed/Taxable values 1 A1 Tax Year 2020 �r i�r11' Arsessec' $555,938 �Ia..ue' o-xernip,iorl.. $O A.. xvadu e=. 8555,938 ' https://maps.co.palm-beach.fl.us/cwgis/papa.html?qvalue=08434521300010150 1/1 CFK 20040168155 ELe-pared b- OR BK 16726 PG 0727 �ffldle=to: RECORDED 03/29/2M4 11:38:56 Lisa I.Glassman,Esq. Palm Beach County, Florida Attorney at Law ANT 548, A-1 Title&Escrow,Inc. Doc Stamp 3,788.00 2627 NE 203rd Street Suite 100 Dorothy H WiLken, Clerk of Court Aventura,IT-33180 File Number: Al-03-273 Will Call No.: Parcel Identification No.08-43-45-21-26-001-0091 .......—,,,-.—.-[Space Above This Line For Recording I)atal-,,-,. ..... Warranty Deed (STATUTORY FORM-SECTION 689.02,F.S.) This Indenfitre made this 15th day of March, 2004 between Rochelle Steinman,an unremarried widow whose post office address is 12334 St.Simon Drive,Boca Raton,FL 33428 of the County of Pa hn Beach, State of Florida,grantor*, and A.M.S.Acquisitions,LLC,a Florida limited liability corporation whose post office address is 1601 SW 10th Street, Delray Beach,FL 33444 of the County Of Palm Beach,State of Florida,grantee*, Witnesseth that said grantor, for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other good and valuable considerations to said grantor in hand paid by said grantee, has granted, bargained, and sold to the said grantee, and grantee's heirs and a the receipt whereof is hereby acknowledged, situate, lying and being in Palm Beach County,Florida,to-wit: assigns forever, the following described land, Parcel One: Lot 7,less the North 40.12 feet and also less the East 50.25 feet thereof; together with Lot 10,less the North 0.13 feet of the East 50-25 feet thereof; together with all of Lot 11, a in Block 2, ROBERT ADDITION TO TOMW OF BOYNTON, U BER according to the plat thereof,recorded in Plat Book 1,Page 51,Public Records of Palm Beach County,Florida. Parcel Two: The South 40 feet of Lot 9, and All of Lot 12, Block 1, ROBERT ADDITION TO TOWN OF BOYNTON, LESS the East 35 feet for the Road Right-of-Way, together with the East 1/2 of the abandoned Right-of-Way lying West of and adjacent thereto recorded in Plat Book 1, Page 51, Public Records Of Palm Beach County,Florida. Subject to taxes for 2004 and subsequent years; covenants, conditions, restrictions, easements, reservations and limitations of record,if any. and said grantor does hereby fully warrant the title to said land, and will defend the same against lawful claims of all persons whomsoever. rs "Grantor"and"Grantee'are used for singular or plural,as context requires. In Witness Whereof,grantor has hereunto set grantor's hand and seal the day and year first above written. DoubleTimem Si!ar, i; led a111j d6iv red in our presence: f _. t)o itn ssN — Rochelle Steinman Witness Name State of Florida County of Mie-pece- d o,C The foregoing instrument was acknowledged before me this 15th day of March, 2004 by Rochelle Steinman, who L]is personally known or[X]has produced a driver's license as identificat- n. [Notary Seal] ' ✓ Notary Public _. ' .....- -.. Printed Name: Ff'. •. Francine Sandra Mezzoni —~~ MY COMMISSION# DD039970RES Septe r 1,2005y Co ssion Expires: a® BONDEDTMRUTRUY FAIN INSURANCE INC "-- .„o Warranty Deed(Statutary Form)-page 2 DoubleTimee Painting $ 4,890.00 Windows and Doors $ 3,893.00 Paving $ 18,000.00 Awnings $ 8,560.00 Project Total $ 35,343.00 50% Match $ 17,671.50 Plus 20%Contingency $ 3,534.30 Final Grant Request $ 21,205.80 Info@flapropainters.com w: www.flapropainters.com Miami,FI(954)228-7483 Orlando,FI(407)574-4125 Tampa,FI(813)576.1335 Lie#07-PU-14385-X THE POPCORN REMOVAL EXPERTS For: Emerson/Nature Marble Estimate 14318 naturecraftmarble0l @gmail.com,naturecraftmarbie@yahoo.com No. 603 N Federal Hwy Date: 02/02/2021 Boynton Beach,FL 33435 United States 561-4240664 Description Quantity Rate Amount <<<EXTERIOR PAINTING>>> 1 $4,890.00 $4,890.00 Job Description: Includes Clear coat around overhead doors stones All regular overhead doors Regular doors Window cradles Scope of work Labor,Paint and materials included High pressure cleaning Trim,Soffit,Fascia board,Walls and Doors Fill all structural cracks,holes with Electrometric Waterproof patch Prep all wood surface,caulk and patch prior to paint Caulk doors and windows as needed Prime wails,soffit,and bands with exterior bonding Anti-chalk sealer Apply one coat of 100%acrylic paint on walls,soffit and wood fascia(Spray airless application) Apply the second coat of 100%acrylic paint on walls,soffit and wood fascia(Roller manual application) Subtotal $4,890.00 TAX 0% S0.00 Total $4,890.00 Total r 890.00 1/2 Estimate 1431802/02/2021 02/02/2021 7 Comments ***ALL DISCOUNTS APPLIED"* Welton @954-899-4806 PAYMENT UPON COMPLETION OF EACH ITEM Payment methods: Checks payable to Fla Pro Painting Credit Card Authorization form(3%will be add to total for the use of the credit card) Zelle This estimate and contract are approved and accepted.I(we)understand there is no oral understanding between the parties of this agreement. The written terms,provisions,plans(if any),and specifications in this proposal/contract are the entire agreement between the parties.Changes in this agreement shall be done by written change order,only and with the express approval of both parties,(changes may incur additional charges). FLA Pro Painting WILL NOT be responsible for paint peeled off on walls during popcorn removal process also since it is due to humidity problems in the house. 5 years`warranty on new knockdown texture and smooth flat finish,for flaking,peeling or color fading(stains and settle cracks are not included). (damages caused by hurricanes or any type of water damages are not included in this warranty),warranty only applies if FLA Pro Painting prime and paint ceilings after knockdown application.Additionally,8 years'warranty on exterior painting projects. The client must remove any accessories or objects that may represent an inconvenience during any of the company's process,furthermore,the company is not responsible for any object.During the process of popcorn removal and ceiling paint,the company's team can lower lamps,fans, chandeliers,or AC vents but the company is not responsible to put them back in place. Touch-ups must be valid with photos and scheduling is based on availability and will only be accepted if reported within 8 business days after completion of the job. FLA Pro Painting Client's signature 2/2 _ QUOTATION L) CONTRACT ® 1 398 4700 W.Prospect Rd. `—. TM ..� b te 117 601110 Cts ST Ft iLauderdale,FL 33309 � Legal Owner of Property:AJ&L _ '&Cftn!=Si-fti-mayn,,5 WINDOWS AND MONS,INC. j '. Phone:954.714.6600 1 , �u Job Name: Fax:964.714.9323 "r GoldCoastWindows@yahoo.com Job Site Address. oldCoastWindows.com City: ® r Zip: Licensed&Insured Job Site Number: Broward:CC00-9627-G-X Palm Beach:U-20260 Cell Number: St.Lucie:23042 Email: _ Contractor or Customer Name:__./ ----_ wtS r Phone: _ Fax:`. Address: City: State: Zip: L 1 A C n s ._ Aj c, a L] Materials Only Home ImprOvement ❑New Construction THIS CONTRACT IS YOUR WARRANTY FOR ONE(1)YEAR FOR MATERIALS,EXCLUDING COST GLASS AND SCREENS.WARRANTY IS PROVIDED BY MANUFACTURER. If this Is a contract for the sale of materials only.salter dlsciaims any responsibility for the Installation or other use of these materials.Buyer and sailer agree that seller does not have any Material knowledge of where these materials will be Installed or at what elevation they will be Installed -- - - - -- Buyer has selected the type,size,enter.style,design and quantity of the materials designated Tax herein and&groes they are correct as stated In this contract.All dimensions are exterior,width by height.It delivery Is withhold for convenience or at request of customer,or due to circumstances Installation beyond sell ere control,all balances are due ones materials are produced.Reasonable storage - charges will&conte after(30)days and materials may be destroyed atter(90)days.All deposits p will be forfeited.Buyer agrees that partial releases from this order can be made only after balance Permit/ rwins Is paid In full.By signing this contrail,buyer agrees that seller shall not be liable for any ---- ---- -- -------- - ---- consequential damages,including water damage,as a result of alleged defeels in the Packing materials or Improper Installation.It any changes,alterations or additions are made to the materials byanyone other then the sailer,this warranty is void.This warranty only applies to Total t y materials sold by the seller.This order[a subject to acceptance by the engineering department, v credit department and an officer of the seller.In the avant.any amounts owed are not paid when due,interest at the highest legal rate shall be assessed on any and all balances.Should litigation PAYMENT SCHEDULE arise between seller and buyer,with regard to this sate.The prevailing party shall be,entitled to coats and aromay's fees.Vanua of any such proceeding shall be In Broward Counties,Florida. " Receipts are necessary for any cancellation.There will be no returns or exchanges of material. $Q%Deposit dr Cancellation must be within 3 business days of agreement.This contract represents the Complete _ p " agreement of the parties and can only qa modified In writing and/or by the written 'acknowledgmem'supplled by sallor to buyer.The'acknowfedgment supersedes this agreement. ( 4®°/a Due upon arrival Of Materials Seller shall not be responsible for any delay in delivery resulting from strikes,labor,difficulties, -- - -lire,hurricane hurricane or other casualty,delay In acquiring apermit or any causes whatsoever beyond its Balance due upon completion codlrol.The cantract price does not include permit fees.shop drawings,engineered drawings of calculation(sealed or otherwise),unless otherwise noted - ONLY WRITTEN AGREEMENT WILL BE HONORED. I understand and accept the payment schedule as IF INSTALLATION IS INCLUDED. explained to me by the Sal t"S i''ri 5 as'%v 1+"f the Not responsible for flooring,wallpaper or other special wall finishes.No window cleaning•No Contract Agreement. '" `, electrical work.No painting.Glass and aereen breakage not guaranteed after Installation,Window and Door openings treatments and furniture or built-Ins are the customer's responsibility to r^` remove and replace.Leakage which may result after inatallabon well be remedied,but may be not be responslbl9 for water damage.Gold Coast Windows and Doors.Inc.will not take any liability ___ (Initl$15) f... for wired of alarms.Installer shall not be responsible for Interior or exterior finishes,alarm systems -. orcomponents. Y � Y S)'', :'man of I ¢ r� n . 1rd Doors,Inc, Leg al Owner of Property or Property Representative Date / ' READ BEFORE SIGNING-BUYER'S RIGHT TO CANCEL "If this is a home solicitation sale,and do not want goods or services,you may cancel this agreement by providing written notice to the seller in person,by telegram,or by mail.If you cancel this agreement(within the three days)the seller may not keep all or part of any cash down payment Solid Rock Paving Co., LLC 11066 46th Place N. Royal Palm Beach, Florida, 33411 561-333-5281 Submitt To: AS eyui"s� oils LL e- 4DATE: 12/2112020 NATURE CRAFT MARBLE Address:603 NORTH FEDERAL HWY Job Name: OYT , FL 33435 Phone: 561-4240664 Job Contact: EMAIL: CLEAN AND PREPARE PARKING LOT FOR PAVING SAWCUT AREAS AS NEEDED AROUND DRAINS AND WHERE CONCRETE MEETS PREFILL LOW AREAS WITH ASPHALT AND COMPACT APPLY TACK COAT INSTALL 1 '/s" OF ASPHALT AND COMPACT INSTALL NEW CAR STOPS AS NEEDED INSTALL PARKING LINES 50% DEPOSIT DUE UPON SIGNING CONTRACT AND BALANCE UPON COMPLETION _......._. _ ., We purpose hereby to furnish materials and labor-complete In accordance with above specification, for the sum of 18,000.00___ All material is guaranteed to be ass eNied.All work to be completed in a substantial workmanlike manner accordipg to gpecificatlons submitted per standard practices.Any alterations or deviation from aboves ificatlons lnvolvin extra costs will be executed only u on written orders and will become an extra charge over and above the estimate.jft parantee against v Itation growth _._ _ CUSTOMER SIGNATURE AUTHORIZED SIGNATURE Customer:AMS Acquisitions LLC Date: 02/24/2021 Address:603 North Federal Highway Phone number: 561-424-0664 City: Boynton Beach Fabricate and Install three awnings frame and cover 4F out x 2F high x 21F wide Recover Canvas Awning in back of building 29F 9" x 9F out Cost $8000 Tax $560 Grand Total $8560 r ®� MM � ' T t EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 9, 2021 CONSENT AGENDA AGENDAITEM: 11.F. SUBJECT: Approval of Commercial Property Improvement Grant Program in the Amount of $8,930.40 for Loufranco Management Corp. located at 609 N. Federal Highway SUMMARY: The CRA's Commercial Property Improvement Grant Program provides eligible businesses (new or existing) with financial assistance for the initial costs associated with the construction, repair, and/or rehabilitation of commercial building improvements. The Commercial Property Improvement Grant Program provides a 50% reimbursement of the applicant's expenditure for the eligible improvements up to a maximum grant total of $50,000. Under the program guidelines eligible improvements must be permanent items that stay with the building. CRA staff has received a complete grant application from Loufranco Management Corp. located at 609 N. Federal Highway, Boynton Beach, FL 33435 (see Attachments I - III). Loufranco Management Corp. is a commercial property that is home to an auto repair business called Boynton Paint Body&Auto Repair. As the commercial property owner, the applicant falls under the terms of a Tier I I business, as outlined in the grant application. The applicant is seeking reimbursement for exterior improvements including impact windows and doors and parking lot improvements. The total cost of eligible property improvements is approximately$14,884 (see Attachment IV). If approved, the applicant is eligible to receive a maximum grant of $8,930.40 in reimbursable funds which includes a 20% contingency provided that the applicant expends an equal amount in matching funds as required under the terms of the grant. The grant is reimbursed to the applicant once the City of Boynton Beach Building Department approves all permit requirements and the proper reimbursement documentation is submitted to CRA staff for approval. FISCAL IMPACT: FY2020-2021 Budget Project Fund, Line Item 02-58400-444, $8,930.40 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Approval of the Commercial Property Improvement Grant not to exceed the maximum grant award of $8,930.40 to Loufranco Management Corp. located at 609 N. Federal Highway, Boynton Beach, FL 33435. ATTACHMENTS: Description D Attachment I -Commercial Property Improvement Grant Application D Attachment II - Location Map D Attachment III -Warranty Deed D Attachment IV - Project Quotes � f tv k BOYNTON S} SS �2j�9!��dt��{ f BEAC ,,, C, R 1u ii1,ZSJ�� tt�M;t�.. COMMUNffY REDEVELOPMENT AGENCY October 1, 2020 — September 30, 2021 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY COMMERICAL PROPERTY IMPROVEMENT GRANT PROGRAM Program Rules and Regulations The Commercial Property Improvement Grant Program is designed to help facilitate the establishment of new businesses and aid in the expansion of existing businesses within the Boynton Beach Community Redevelopment Agency (the "BBCRA") Area. The program is designed to provide financial assistance to new and existing businesses in the form of a reimbursable grant intended to reduce the initial costs associated with the repair and rehabilitation of buildings or other improvements in accordance with the BBCRA Community Redevelopment Plan. Improvements paid for by the BBCRA must be permanent and stay with the building. The BBCRA reserves the right to approve or deny any Commercial Property Improvement Grant Program application and to deny payment at any time if, in its sole and absolute discretion, it determines that the business will not advance the goals and objectives established for redevelopment of the BBCRA Area. For purposes of this application, the term "new business" means a company in operation for less than six months or relocating to Boynton Beach. The term "existing business" means a company that has been in operation within the BBCRA Area for a minimum of two years at the time of application and has at least two years remaining on its existing lease. The term "project" means the eligible exterior or interior improvement project for which the applicant seeks reimbursement. Initials Page 1 of 17 Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com The Boynton Beach BBCRA is a public agency and is governed by the "Florida Public Records Law" under Florida State Statutes, Chapter 119. Any documents provided by the Applicant(s) may be produced the BBCRA upon receipt of a public records request, subject to any exemptions provided by Florida Law. Incentive Funding The Commercial Property Improvement Grant Program offers financial assistance to the landlord or business owner in the form of a reimbursable, matching grant for 50% of eligible expenses, up to $50,000, associated with the construction or renovation of the exterior and interior elements of the commercial operating space. Applicants are encouraged to take advantage of the City of Boynton Beach's PACE Program to help defer the cost of installing energy efficient items. Information regarding the PACE Program is available online at http://www.boynton-beach.org/go- green/pace_program.php or by contacting the City of Boynton Beach at (561) 742-6067. Attached is the ReNew PACE Eligible Product List. Applicants are also encouraged to connect with CareerSource Palm Beach County which is a State organization providing various free programs to assist Palm Beach County businesses. CareerSource Palm Beach County has a dedicated team of career counselors, business coaches and training providers to help area businesses stay competitive through training grants and talent acquisitions and also provide assistance in posting available jobs, recruiting and hiring, and training opportunities. For more information regarding CareerSource Palm Beach County visit their website at careersourcepbc.com or view the attached brochure. Eligibility Requirements Applicants must meet all of the following requirements in order to be considered eligible to receive grant funding: • Applicant must be the business entity (or d/b/a) named and the principal owners named on the corporation documents, and must be the landlord or business owner of the company occupying the property to be improved. • Must be located within the BBCRA Area (see attached map). • Must provide proof that the commercial business is properly licensed by all necessary levels of government and professional associations or agencies (copies of City and County licenses or receipts that the licenses have been applied for). Initials Page 2 of 17IN , Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com • Improvements to non-profit and residentially zoned properties are NOT eligible expenses. • Applicant must have an executed multi-year lease with at least two years remaining on the lease at the time of BBCRA Board approval • Proposed leases must be executed within 30 days of BBCRA Board approval or the grant award is terminated. • The Applicant's Experian consumer credit report must reflect an acceptable level of financial stability, as determined in the sole discretion of the BBCRA. A copy of the consumer report will be provided to the applicant upon request. Applicants must have an Experian credit score of 601 or higher and have no listed history of bankruptcy to be eligible. If there is more than one business owner, the majority of the business owners must have credit scores of 601 or higher to be eligible. • All work must be done in compliance with applicable City of Boynton each Building Codes and Land Development Regulations. All contractors must be licensed as required to work in Boynton each and/or Palm each County. For any projects valued more than $250,000 (based on the project's construction value as it appears on the Palm each County-Wide/Municipal Building Permit Application Form submitted to the City of Boynton Beach), preference will be given to projects that will use contractors with an office in Palm each County. Please contact the City of Boynton each Development Department regarding the proposed work to be performed prior to submitting a grant application. • Grant funding amounts will be based on the applicant's project budget, specified at the time of the BBCRA Board approval, plus an added 20% contingency funding amount. • Grant funds will be reimbursed exclusively for approved work and approved change orders. • The Commercial Property Improvement Grant Program may only be used one time in any five year period for any one property. Entities hoping to improve properties that were previously improved using a BBCRA improvement grant may apply for additional grants any time after five years from previous grant approval. • In order to qualify for the grant, the subject property may not have any outstanding City of Boynton each liens at the time the applicant seeks reimbursement. To ensure that the property does not have any outstanding liens, violations or monies owed for utilities, the BBCRA will perform a lien search on the property at a cost of $115.00, which will be deducted from any grant funding awarded to the recipient. Initials Page 3 of 17 Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435-Phone: (561) 600-9090 www.boyntonbeachcra.com In the event that there is an outstanding lien against the property, the grant will not be awarded until the complete satisfaction of the lien. • In order to receive the full amount of any awarded grant, the property owner or tenant must complete the project, obtain a Certificate of Occupancy/Completion from the City of Boynton Beach, and submit for reimbursement within 180 days of the issuance date of the permit for the project. (As further described below, applicants may request reimbursement for up to 50% of their grant award prior to completion of the project.) If BBCRA Board approves grant funding and the work being performed does not require a permit, the Certificate of Completion (or equivalent) and application for reimbursement must be within 180 days of the grant award. Failure to complete the improvements within the specified time frame will result in termination of the grant award, at which point the CRA no longer make payments for any reimbursement requests, regardless of whether the request was submitted prior to the termination of the grant. Only one 60 day administrative extension will be permitted, and the BBCRA has the sole and absolute discretion to grant or deny such extension. • Project items completed and paid for by the applicant more than 60 days prior to grant approval by the BBCRA Board are not eligible for reimbursement under the grant program. A complete application must be received within 60 days of payment in order for an expense to be eligible for reimbursement. Once a complete application is received, the application will be placed on the next available agenda for review and potential approval. • BBCRA Board approval of this grant results only in funding. Approval of BBCRA grant funding is NOT approval of any type of City processes including, but not limited to, permits and site plan modification. Applicants must apply for permits and site plan modification through the appropriate departments at the City. All commercial projects require permitting and site plan modification reviews. It is the responsibility of the applicant to obtain all necessary City approvals. • Grantees shall allow the BBCRA the rights and use of photos and project application materials. • The BBCRA Board may give preference to local businesses. For purposes of this grant, local business means a duly licensed business entity with an office location in Palm Beach County. Initials Page 4 of 17 Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com Projects and items eligible for funding under this grant program are limited to: • Structural walls • Plumbing . Flooring • Grease trap installation • HVAC system • ADA Improvements • Electrical systems, • Hood &fire • Signage including exterior and suppression . Doors/windows interior lighting • Landscaping and • Parking lot re-paving, . Patio decks irrigation within the re-sealing, and/or connected to the project site restriping building Painting • Fencing (excluding . Demolition of structure • Roofing (Not to chain link, barbed wire, and re-sodding of exceed 50% of and wood panels) vacant property total grant award) • Electric vehicle charging . Solar electricity and • Security stations— See attached water heating — See came ras/system** ReNew PACE Eligible attached ReNew PACE (not including Product List Eligible Product List security personnel) ** Notwithstanding the limitation that grants may only be used once every five years for any one property, previous grant recipients that received less than the maximum amount of grant funding from Commercial Property Improvement Grants or Economic Development Grants are eligible to reapply to receive 50% matching reimbursable funding in an amount not to exceed $3,000 for the installation of new security cameras/systems. Ineligible Businesses The following businesses are considered ineligible for assistance under the Commercial Property Improvement Grant Program: • Massage/Personal Services • Medical Research Centers/Housing • Firearm Sales/Shooting Ranges . Massage/Personal Services • Religion-Affiliated Retail Stores • Churches/places of worships • Non-profit Organizations • Alcohol and/or Drug Rehabilitation • Adult Gambling Arcades Centers/Housing • Check Cashing Stores • Any other use that the BBCRA staff • Adult Entertainment or BBCRA Board determine will not • Vapor/E-Cigarette Stores support the redevelopment of the BBCRA Area Initials Page 5 of 17 µ,m Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com • CBD Retail Stores Grant Terms and Conditions This grant is divided into three tiers of eligibility. Businesses are classified into tiers based on the type of business, which then determines the amount of eligible funding. All reimbursement checks from the BBCRA to the successful applicant will be made out to the applicant (the business entity). Grant funding amounts will be based on the applicant's project budget specified at the time of BBCRA Board approval, plus an added 20% for contingency funding. Tier One Business Tier One Businesses are eligible for reimbursement of 50% of the applicant's project budget as specified at the time of BBCRA Board approval, up to a maximum amount of $50,000 in grant funding. Tier One Businesses must be one of the following types of business: • Restaurant • Hotels/Motels/Bed and Breakfast • Gourmet Food Market (the Board will grant no more than • Bakery four approvals in this category per fiscal year) Tier Two Business Tier Two Businesses are eligible for reimbursement of 50% of the applicant's project budget as specified at the time of BBCRA Board approval, up to a maximum amount of $25,000 in grant funding. Examples of Tier Two Businesses include, but are not limited to, the following types of businesses: • Home Decor/Design — home • Boutiques— clothing, shoes & furnishings, art galleries, kitchen accessories wares • Law Offices • Accounting Offices • Hair/Nail Salons (no more than two • Real Estate Offices approvals per fiscal year) Initials Page 6 of 17 Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com • Marketing Offices • Medical Offices • Fitness Facilities —yoga, dance • Insurance Offices exercise, martial arts, etc. . Take Out Restaurants • Auto Services Facilities — repair, . Tattoo Parlor/Body Piercing/Body storage, sales, etc Art Shop (no more than two • Specialty Retail Businesses — approvals per fiscal year) stationary, gifts, sporting goods . Florists (no more than two • Other commercial facade only approvals per fiscal year) improvements Tier Three Business (no more than two approvals per fiscal year) Tier Three Businesses are subject to BBCRA Board for review and approval. Tier Three Businesses eligible for reimbursement of 50% of the applicant's project budget as specified at the time of BBCRA Board approval, up to a maximum amount of $15,000 in grant funding. Tier Three Businesses must be one of the following types of businesses: • Kava Tea Bar • Pawn Shops • Convenience Stores: (Facade • Liquor Store and Security Improvement • Laundry/Dry Cleaner facility only) Lease Terms If the applicant is a tenant, it must have a proposed or executed multi-year lease with a minimum of two years remaining on lease. The commercial lease must define the landlord-tenant relationship and at minimum provide the following information: • A description of the space being rented, including square footage and a drawing of the space; • Description of utilities that are the tenant's responsibility; • Rental rate and deposits along with terms of lease and methodology for future rent increases; • Responsible party for interior and exterior repairs and/or improvements; • Insurance requirements; • Ability to terminate; and Initials Page 7 of 17 Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com • Consequences of default on the lease. Application Process Applications can be obtained from the BBCRA office located at 100 East Ocean Avenue, Boynton Beach, FL 33435 or downloaded from www.boytonbeachcra.com. All applicants are required to meet with BBCRA staff in order to determine eligibility before submitting an application. Applications will not be considered until all required documentation is submitted to the BBCRA office. Application to this grant program is not a guarantee of funding. Funding is at the sole discretion of the BBCRA Board. Applicants must submit an original, "hard copy" application with all materials to the BBCRA for review and approval by the BBCRA Board. Applicants will be considered on a first-come, first-serve basis. Application packets must include the following documentation: 1. A non-refundable fee of$100, which will be used to obtain a consumer credit report on the business and principal/owners of business. Make check payable to: Boynton Beach CRA. 2. Written detailed project budget describing the improvements to be done to the property. 3. Cost estimate(s) from a licensed contractor(s) as specified in the applicant's project budget. It must list all project costs for which the applicant is requesting reimbursement. The project budget must provide a total cost of the project. 4. Signage design, project color chips, material samples and material specifications, if applicable. 5. Copy of building permit receipt/application. If the permit has not been applied for prior to submission of the grant application, a copy of the building permit receipt is due within 90 days of grant approval, or the grant award may be terminated. 6. Resume for each principal/owner of the business. 7. Copy of the corporate documents for the applying business entity. 8. Copy of executed multi-year commercial lease agreement. 9. Copy of Warranty Deed. 10.Two years of corporate tax returns (for existing businesses only). 11.Two years of personal tax returns for the principal/owners of a new business. Initials Page 8 of 17 - Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435-Phone: (561) 600-9090 www.boyntonbeachcra.com 12.Copy of design and construction plans associated with the proposed improvements. 13.List of jobs to be created and filled including job descriptions, pay range and weekly schedule. For existing businesses, provide a list of all current positions including job descriptions, pay range and weekly schedule. 14.A minimum of four color digital "before" photos of the exterior and interior portions of the project. 15.Completed and signed application (attached). 16.Authorization to perform credit check for the business and each principal/owner of the business (attached). 17.W9 Form and Vendor Application (attached). 18.City Planning and Development Department Acknowledgement Form (attached). 19.City Permit Department Acknowledgement Form (attached). The above referenced City Forms (line 18 and 19) must be completed and submitted to the appropriate departments, which are located at City Hall 100 East Ocean Avenue, Building Department, Boynton Beach, FL 33435. Phone (561) 742-6000. Approval of Funding Request All required documentation must be submitted no later than noon two weeksrior to the second Tuesday of the month. BBCRA staff will review the application to evaluate whether the project is eligible for reimbursement. If it meets these requirements, BBCRA staff will present the funding request to the BBCRA Board for review and potential approval. The BBCRA Board meets on the second Tuesday of each month at the Commission Chambers located in City Hall at 100 East Ocean Avenue, Boynton Beach, FL 33435. The schedule for BBCRA Board meetings can be obtained at www.boyntonbeachcra.com. Applicants will be notified of the date and time that their applications will be considered by the BBCRA Board. The BBCRA recommends that applicants attend the BBCRA Board meeting during which the Board will consider their applications in order to answer any questions the BBCRA Board may have regarding their applications. BBCRA staff will notify the applicant of the BBCRA Board's approval or denial in writing. Initials Page 9 of 17 Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com Site Visits BBCRA may conduct a site visit prior to transmitting the application to the BBCRA Board and once the project is completed. Staff may also conduct unannounced site visits before, during, and after the project in order to determine and ensure compliance with the terms of the grant. Procedures for Reimbursement This program is designed as a matching 50% reimbursable grant. All work for which reimbursement is sought must be completed and paid for by the applicant prior to the release of BBCRA funds. The applicant may request reimbursement for partial payments throughout the project for up to 50% of grant award. The remaining 50% of grant funding will be held until the project is completed according to the City of Boynton Beach Building Department, and if applicable, a certificate of occupancy has been issued, at which point the applicant may submit a final reimbursement request. The BBCRA will provide reimbursement to the applicant upon submittal of a complete reimbursement request package. All reimbursement requests and supporting documents must be submitted to the BBCRA (3) days prior to the grant expiration date. The BBCRA may refuse to issue grant funding if the submission is not received by the specified time. Once the work is completed the reimbursement request shall be summarized in a report and accompanied by the following documentation: 1. Invoices, receipts or other acceptable evidence of payment from suppliers and licensed contractor(s) that have been marked "paid in full." Proposals for "work to be completed" or "bids" are not considered proper documentation. a. Each item must be supported by a cancelled check showing the face of the check, as well as the back of the cancelled check. The only forms of cash payments that are acceptable as evidence of payments are cashier's checks and bank transfers. A copy of the cashier's check to the payee must be provided as proof of payment. If payment is being made by a bank transfer, a copy of the statement from both payer and payee showing the transaction and/or copy of the email/text verification from both parties. 2. Copy of City of Boynton Beach and Palm Beach County licenses (Business Tax Receipt). Initials , Page 10 of 17 Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com 3. For partial reimbursement requests, a Partial Release of Lien from licensed contractors must be submitted. 4. For the final reimbursement request, the following must also be submitted: a. A "final release of lien" signed by each licensed contractor(s). See attached Sample of a Final Release of Lien form. 5. A minimum of 4 color "after" photos of the project. 6. A copy of the Certificate of Occupancy/Completion. By submitting the final reimbursement request, the applicant warrants that all bills for which applicant is directly responsible related to the project are paid in full including, but not limited to, all contractors, labor, materials, related fees and permits. Grantees may not submit work improvements for reimbursement that have been used as part of a reimbursement request for any other grant program offered by the BBCRA, City of Boynton Beach, Palm Beach County or the State of Florida. The Commercial Property Improvement Grant Program will only reimburse applicants for new expenditures that have not been submitted to other grant programs for reimbursement. SUBMISSION OF AN APPLICATION IS NOT A GUARANTEE OF FUNDING It the responsibility of the applicant to READ AND UNDERSTAND all aspects of;the Grant Program's Rules/Requirements and Application. NOTICE TO THIRD PARTIES: The grant application program does not create any rights for any parties, including parties that performed work on the project. Nor shall issuance of a grant result in any obligation on the part of the BBCRA to any third party. The BBCRA is not required to verify that entities that have contracted with the applicant have been paid in full, or that such entities have paid any subcontractors in full. Applicant's warranty that all bills related to the Project for which the applicant is directly responsible have been paid is sufficient assurance for the BBCRA to award grant funding Initials � Page 11 of 17 Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com kr,, s BOYNTON �iillRA li¢�t11� �';� t wimmBEAC COMMU N ffY REDEVELDMENT AGENCY APPLICANT INFORMATION BUSINESS INFORMATION: Business Name (d/b/a if applicable): Current Business Address: L - Fed I D#: 1 Business Phone Number: Cell: - 1 _ Website: Existing Business: Yes No Number of years in existence: ° Time at Current Location: " New Business to Boynton Beach: Yes No Do you have an executed lease agreement: Yes_ No_ If so, monthly base rent: New Business Address (if applicable): Square footage of current location: Square footage of new location: Type of Business: t Tier 1 Business: ❑ Tier 2 Business: Tier 3 Business: ❑ (Tier Classification subject to BBCRA Board Approval) Number of Employees: Hours of Operation: List of improvements seeking reimbursement for: - t "1 1 - �- Requested grant amount7�-715: Liz Page 12 of 17 Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561)600-9090 www.boyntonbeachcra.com t YNTO Itl�tt �)�114 rE��;��(t'ii44.4�B E AC HII[ .1�( salt " ` R,A COMMUNffY REDEVELOPMENT AGENCY APPLICANT INFORMATION PRINCIPAUOWNER INFORMATION: (If more than 4 principals/owners additional sheets may be used) 1. Principal/Owner Name: Date of Birth: 0? )1964P Email: LOO i-1 Residential Address: f i tNA Cell Phone Number. ° rOk` C--152L_ 2. Principal/Owner Name: Date of Birth: 1 / ____ Email LOU 57 �g Residential Address: - r F i.c� Q Cell Phone Number: t 'S0q-5-75 3. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: 4. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: Are you applying for grant assistant under any other program offered by the BBCRA? Yes No If yes, what additional programs are you applying for: Page 13 of 17 Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561)600-9090 www.boyntonbeachcra.com a .aF BOYNTO BEACHiC, RA COMMUNrrY REDEVELOPMENT APPLICANT INFORMATION Are you receiving grant assistance under any other governmental agencies: Yes_ No If yes, list any additional grant sources and amounts: LANDLORD INFORMATION: Landlord Name: Landlord's Mailing Address: Landlord's Phone Number: CERTIFICATION AND WAIVER OF PRIVACY: For purposes of this certification and waiver of privacy, the term "I" refers to the applicant and to all signatories below individually. By signing below, each signatory represents and confirms that he or she is authorized to sign on behalf of the applicant(s). I, the undersigned applicant(s), certify that all information presented in this application, and all of the information furnished in support of the application, is given for the purpose of obtaining a grant under the Boynton Beach Community Redevelopment Agency Commercial Property Improvement Grant Program, and it is true and complete to the best of my knowledge and belief. I further certify that I am aware of the fact that I can be penalized by fine and/or imprisonment for making false statements or presenting false information. I further acknowledge that I have read and understand the terms and conditions set forth and described in the Boynton Beach Community Redevelopment Agency Commercial Property Improvement Grant Program Rules and Requirements. I understand that this application is not a guarantee of grant assistance, and that award of grants is at the sole discretion of the Boynton Beach Community Redevelopment Agency Board. I Initials Page 14 of 17 Property Improvement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com BOYNTON" P�P�;'��,.nt '}fjt����� t1 BEACHR . to-asm COMMUNffY REDEVELOPMENT , Y APPLICANT INFORMATION understand that the purpose of the grant is to further the Boynton Beach Community Redevelopment Plan, and that the Boynton Beach Community Redevelopment Agency may decline my application for any legal reason, including the reason that granting the award will not further the Community Redevelopment Plan. Should my application be approved, I understand that the Boynton Beach Community Redevelopment Agency may, at its sole discretion, discontinue grant payments at any time if in its sole and absolute determination it feels such assistance no longer meets the program criteria or is no longer in furtherance of the Boynton Beach Community Redevelopment Plan. To the maximum extent possible, I hereby waive my rights to privacy and confidentiality for all matters contained in this application, and give my consent to the Boynton Beach Community Redevelopment Agency, its agents and contractors to examine any confidential information given herein. I further grant permission, and authorize any bank, employers or other public or private agency to disclose information deemed necessary to complete this application. specifically authorize the BBCRA to run a credit report as part of this application, and understand that information in my credit report, including a record of bankruptcy, may disqualify me from obtaining grant funding. give permission to the BBCRA or its agents to take photos of myself and business to be used to promote the program. understand that if this application and the information furnished in support of the application are found to be incomplete, it will be not processed. Initials Page 15 of 17 Property Improvement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com BOYNTON 41 B E AC Hll,,,C111 , R A CCA AUS r REDEVELOPMENT ENC APPLICANT INFORMATION APPLICANT SIGNATURE 1. P ` cipal/O ner's Si ture Date 1� Printed Name Title 2. Principal/Owner's Signature Date Printed Name Title 3. Principal/Owner's Signature Date Printed Name Title 4. Principal/Owner's Signature Date Printed Name Title Notary as to Principal/Owner's Signatures - Multiple notary pages may be used if signing individually STATE OF &PR-:V - COUNTY OF fAt M G17 BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared Fira - Pis ; who is/are personally known to me or produced r-L-- tr,v-e/s as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this day of20 sPVYP�'-. NAJRANATNOMPS NOTA PUBLIC _ ' ;•.• Notary Public State a;r iorida 9_= Commission=GG 257x98 pOf. °P My Comm.Expires Sep 11.2022 My Commission Expires: 'f"�!-',17�� Page 16 of 17 Property Improvement 100 East Ocean Avenue,41h Floor, Boynton Beach, FL 33435-Phone: (561) 600-9090 www.boyntonbeachcra.com "N" .a` 3 p& [5"OYNTON Ar go Hi BEAC , �t , %,. 1" iA COMMUNffY REDEVELOPMENT AGENCY APPLICANT INFORMATION APPLICANT SIGNATURES: Primal/Owner's Signature — Date Printed Name Title 2. Principal/Owner's Signature Date Printed Name Title 3. Principal/Owner's Signature Date Printed Name Title 4. Principal/Owner's Signature Date Printed Name Title Notary as to Principal/Owner's Signatures - Multiple notary pages may be used if signing individually STATE OF F 101Z--�-DA COUNTY OF A L P-i tel-t BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared CMM a- P-n '10.• , who is/are personally known to me or produced br;v-ys l Qt CP" as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this T , ZO�1 te�YP�e�. NAJRANATHOMPSON Notary Public State of Florida 4`� Commission;GG 257498 OTA PUBLIC My comm.Expires Sep 11.202 y Commission Expires: `�— Page 16 of 17 Property Improvement 100 East Ocean Avenue,41h Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com BOYN-RC.) 00 BEAC �1 .it COMMUNITY REDEVELOPMENT AGENCY LANDLORD INFORMATION LANDLORD SIGNATURES: 1. 1 Landlord's Signature Date n_ 6 Printed Name Title 2. Landlord's Signature Date Printed Name Title Notary as to Principal/Owner's Signatures-Multiple notary pages may be used if signing individually STATE OF FGo COUNTY OF 4t A4L Qa4t-f7 BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared (5 a sS i +, , who is/are personally known to me or produced I'C fr�vei5 L-cc a as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this day of )Ce6r"a1- , 20_L. NOTAR PUBLIC My Commission Expires: Oryxpyi . NAJRAN A THOMPSON o .z�;�: Notary Public-State of Florida a yg; Commission=GG 257498 My Comm.Expires Sep it.2022 Page 17 of 17 Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435-Phone: (561) 600-9090 www.boyntonbeachcra.com I sv �rt a BOYNTONj(, BEACH I1111001CRA t $$ AGENCYOPMENT LANDLORD INFORMATION LANDLORD SIGNATURES: 7S F 1. _�71 Lan rd's ignature Date 7Sj Printed Name Title 2. Landlord's Signature Date Printed Name Title Notary as to Principal/Owner's Signatures-Multiple notary pages may be used if signing individually STATE OFF1-vZ_-qPA COUNTY OF BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared Fr 1?ass e ; ----- , who is/are personally known to me or produced Ft.- O•ivr--S as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this ��'��' day of 20 o�'RY diel,, NAJRAN A THOMPSON r Notary Public State of Florida NOTARY PUBLIC Commission r GG 257498 " oFfl° My Comm.Expires Sep 11,2022 My Commission Expires:Page 17 17 of 17 Property Improvement 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com 2/22/2021 PAPA Maps 2 DOROTHYJACKS - -�CFA,AAS =p P Beach Co Ty P p rt Appraiser Search by Owner,Address or Parcel ��; 1;'r� z. 0000g33,- As Record View Prop ert Y Owners LOUFRANCO MANAGEMENT CORPS Property Detailo, R,i . .. 609 N FEDERAL HWY ?urmci.,a.:..p BOYNTON BEACH rc e..No. 08434521260010080 !! ub i ROBERT ADD TO TOWN OF ... �,.':;^ BOYNTON IN Book 13561 .Page 97 S..Ie Date FEB 2002 ... 609 N FEDERAL HWY M BOYNTON BEACH FL t� r 33435 4124 -• ���� I � � :.e.i.Yoe 2700-AUTO SALES Square 3296 Sales Information Sales Date Price FEB-2002 235000 }f ! {ty7 It f�r1 f _ 4� rir�,£�f Nikki59 APR-1998 100 MAR-1993 118000 �l£ �,{SS ,1 r- ,�., s� £f;t MAY-1992 100 �� }}Ik. � JAN 1976 26500 £ k j t r Appraisals S'I� �' z .��" t m Tax Year 2020 £ nn e._erl"alue $183,198 . ..and ofaiue $198,018 ..xlai .a..;ce...Va.:ue $381,216 S£r All values are as of January 1st each year s Assessed/Taxable values � � ! U rae 41k� .4 b Tax Year 2020 A^sesse t.. e=. $381,216 xe=.;xr1 Amount ,9.vro ,,,, axa,e.,tawe. $381216 !�y x Taxes �l f{ T �1 Tax Year 2020 AI.:,)re im $8,157, .u,�..Ad Valc)rem $1,516 $9,673 https://maps.co.palm-beach.fl.us/cwgis/papa.html?qvalue=08434521300010150 1/1 I�INa11N�1�N11i1��MN11� Prepared by and Return to: 04/01/2002 14:20:33 20020166257 James A. Cioffi, Esquire OR BK 13561 P6 0097 Jeffer, Cioffi and Cicalese,P.A Palm Beach County, Florida AMT 235,000.00 250 Tequesta Drive Doc Stamp 1,645.00 suite 200 Tequesta, FL 33469 W/C #LIENTI&E, 01-10 WARRANTY DEED made this 31st day of Ja ua 2002, between rank R. Wallmueller,who�officeaddress is qjj0 Im4yM.r 4 a 11j"A,Fj_ Tereinafter called the Grantor uFra co Management Corp.,a Florida Cor oration,whose post officeaddressis (o, k�� q�� _ � dka°T� hereinafter called the grantee*. WITNESSETH: ' rantor, for and in consideration of the sum of TEN AND NO/100($10.00) Dollars,and e good and valuable consideration to said grantor in hand paid by said grantee,the receipt whereof is ereby acknowledged,has granted,bargained and sold to the grantee,and grantee's heirs and ass' ever,the following described land,situate,lying and being in PALM BEACH County,Florid o wit: Property Folio l 8-43-45-21-26-001-0080 ar Lot 8 and the North Ten(10')feet ofVj 1,Robert Addition to Town of Boynton Beach,according to the Plafile in the Office ofthe Clerk of the Circuit Court in and for Palm nty,Florida,in Plat Book 1, page 51,less the East 35 feet thereof ght-of-way,together with all right,title and interest of Grantor in ad alley way lying west of the above described Parcel. Parcel 2: f� The North 40.12 feet of Lot 7,together with the South eet of the East 50.25 feet of Lot 7,together with the North 0.13 feet of the .25 feet of Lot 10, all in Block 2, Robert Addition to Town of Boynt a Boynton Beach, Palm Beach County,Florida,recorded in Plat Book , The property described herein is not now nor has it ever been the homestead of the Grantor nor of any members of his/her family and that the Grant r does.in {� fact reside at`"� I 0 I R"'WX enw' FDr ti `rf a r "o) n SUBJECT TO comprehensive land use plans,zoning,restrictions,prohibitions and other requirements imposed by governmental authority;restrictions and matters appearing on the plat or otherwise common to the subdivision; public utility easements of record; and taxes accruing subsequent to December 31,2001, TOGETHER WITH all the tenements,hereditaments and appurtenances thereto belonging or in anywise appertaining. Page 1 of 2 BOOP( 135161 PAGE OM Dorothy H. Wilken, CLerk Said grantor does hereby fully warrant the title to said land,and will defend that same against the lawful claims of all persons whomsoever. *"Grantor"and"grantee"are used for singular or plural,as context requires. JINESS WHEREOF,Grantor has hereunto set grantor's hand and seal the day and year fitten. 4 Signed,sealed delivei5d in our presence. W iESS Frank R.Wallmueller Pri d Name:� M ''f 7 WITNESS Printed Name: l STATE OF FLORIDA 4 COUNTY OF PALM BEACH The foregoing instrument was acknowledged this day of r 20\\02, by Frank R. Wallmueller, who is/are known to me or who has/have pro uced �J - x as identifica' nand who did not take an oath. JAMES A.CIOFFI r MY COMMISSION M DD 052403 No 1} P EXPIRES: 28,2005 B=W Thm Notary KNO Un&m"M Printed Notary Name My Commission Expires: 'b o5 (Notary Sea]) Page 2 of 2 Paving $ 6,345.00 Windows/Doors $ 8,539.00 Project Total $ 14,884.00 50% Match $ 7,442.00 Plus 20%Contingency $ 1,488.40 Final Grant Request $ 8,930.40 L QUOTATION Q CONTnA N9 11454 4700%Prospect Rd. ................ shite 117 S� Lou Franco 1;01#D CVAS'r F Lauderdale,FL 33309 Legal Owner of Property: 111ralf-ifirs AND moons.INC. Phone:954.714.6800 Fax:954.714.9323 Job Name:_Management Corp. N GoldCoastWindows@yahoo.com Job Site Address: 609 . Federal Hwy GoldCoastlilAndows.com C4: Boynton B'each— Zip: 33435 Licensed&Insured Job Site Number7 ............................. Broward-CC#00-9627-G-X Palm Beach,.U-20260 Cell Numbers­-(561 12-0571 St L .10:23042 LM_ - U loupass57@aol.com Email: Contractor or Customer Name:................. Phone: Fax: Address- City: State: — Zip. -AU-pr-Qduds_WflI be PGT WinGLiarTf6r tyre windows 8AFor t,:ora -r tstorefront door large ...............­........ impact.-- ­­­- ustorn size single series summit ffi—ed-iu`ffi­s-tTi6-3-07--0 lame missile front door with view class- and 5-E—ronze fra I me.-P­u­sh-R p ufft 6'56' 1 a--r--I;Fa ri-d'F& and hes� - _9L16 br�� pu j4uty&65-�-e—FTe. W7d-r6p Obfe:­ ............. �S�Custom size Kis PW 7720A fixiidows w/7/16 bronze laminated impact a Custom size series SH 7700A sing e ung 1/1 equal lite wl 7/16 bronze laminated impact .—_.privacy Blass and a bronze frame-W/5&-6�e—nCiV 6 1/1 2 __(LABOR INCLUDES) -AlRemQve all old materials off propel&Slean up interior and di—teeictir around work-areas. _2�Ani interior or exterior plaster work. ­—-------- rits i r c. �)j_qt�rior&exterior sea ai _4}Ail_new elco fasta neEs_p.s�per code inc. . En N 'Runner Inc. r neer ..... 5)­PiiF­mif.—E--- RunnL Ll Materials my Home Improvement D New Construction THIS CONTRACT IS YOUR WARRANTY FOR ONE(1)YEAR FOR MATERIALS,EXCLUDING GLASS AND SCREEN&WARRANTY IS PROVIDED By MANUFACTURER. COST If this is a contract for the MIS of materials only.Seller disclaims any responsibility tot the Installation of Olinar use of these Centralia.Buyer and seller a"MW seller do"not him acry knowledge of where these materials will be Installed or at what efievearern they III be installed- Material Inc. Buyer has Selected are type,Sao,War.We,ifirshin and quantity of the materials designated herein and agrees they Oro Correct as Stated in this contract.Rif dtmeazsuans are redeamr,width by Tax Inc. haighL If delivery is withheld for convotbance or at request of customer or due 10 nedematencin, beyond sellers Control,oil balances are duo once materials are produced.Reasoneble,storage Installation Inc. charges will accrue atter(30)days and materials may be destroyed after(go)days.All deposits will be forfeited.Buyer agrees that partial releases from this order can be meek,only labor befidem Is paid in full-By Signing this contract,buyer agrees chat seller shalt not be gable for am Permit/Drawings consequential damages,including water damage.as a result of all draticar In the materials or improper Installation,If any changes,alterations or additions are made to the Packing Inc. manimant,by anyone otherthen the seller,this warranty is void.ThIs warranty only SWISS to ...... nationals sold by the Seiler This order is Subject to acceptance by the engineering depart anint, ............. Total]1&5�,9.00 credit department and an officer of the seller.In the event,any amounts owed are not pled when . .. due,Interest atthe highest legal tale shalt he assessed on any and RD balances Should filigation arise balmon Seller and buyer,sifth regard to this sale.The prevailing party shalt be entitled to costs and attorneys"Was VOOLS Of any such Proceeding Shag be in Structural Counties,Made. PAYMENT SCHEDULE Reculpts,arenecessary for any cancellation.There wig be no returns or exchanges of material. F— . .......................... ­­— Cancellation must be within 3 business days of agreement.This Contract represents the complete l 50%Deposit 1, $4,269.00 Agreement 04 the panfes and can only he radiated In writing andior by the saiden 'acknoraludgmant'supplied by seller to buyer.The acknowaidgmeint sups as $3,416".-0-0 as this agreement. 40%Due upon arrival of Materials Seller shall not be responsible for any delay in delivery resulting from stakes,labor,difficult Bre,hurnes lZ"Irs no or other casualty,delay in acquiring a permit or any causes whatsoever build f ffEftlance due upon completion L$§84.00 .11.170 contract price does not include permit fees.shop drawings,engineered drawings e calculation(sealed or otherwise),unless otherwise noted. ONLY WRITTEN AGREEMENT WILL BE HONORED. I understand and accept the payment schedule as IF INSTALLATION 13 INCLUDED explained to me by the salesman,a$well as,the Not responsible for flooring,wallpaper or other special wall finishes No window chearang-No electrical work-No painting Glass and screen breakage nor guaranteed after Installation.Wind.. Contract Agreement. and Door openings treatments and Anolluris or built Ins are the customers responsibility to remove and replace Leakage which may result after Installation wait be remedied.but may be not be responsible far water damage.Gold Coast Windom and Doors,Inc will not take any liability for wired of alarms.Ininallar3hall W be responsible for Interior or aiderarfimstics,alarm systems _ (Initials) or components. BY By Legal Owner of Property or Property Representative Date Salesman of Gold Coast Windows and Doors,Inc, READ BEFORE SIGNING-BUYER'S RIGHT TO CANCEL 'If this Is a home solicitation sale and do not went goods or services,you may cancel this agreement by providing written notice to the seller in person.by telegram,or by mail.If you cancel this agreement(within the three days)the seller may not keep all or part of any cash down payment," Solid Rock Paving Co., LLC 11066 46th Place N. Royal Palm Beach, Florida, 33411 561-333-5281 .. ....... Submitted To: LOUPRANCO MANAGEMENT CORP. DATE: 02/08/2021 FRANK J. PASSEGGIATA _ Address: 609 N FEDERAL HWY Job Name: BOYNTON BEACH, FL 33435 Phone: 561-212-0571 Job Contact: EMAIL: LouPass57@aol.com PREP AREA 4,700 SF REMOVE CARSTOPS AND CLEAN PARKINGLOT SAWCUT KEYWAY AT ENTRANCE APPLY TACK COAT INSTALL 1 %" OF ASPHALT AND COMPACT PLACE BACK CARSTOPS AND PAINT PARKING LINES PERMIT FEE $200 50% DEPOSIT DUE UPON SIGNING CONTRACT AND BALANCE UPON COMPLETION We purpose hereby to furnish materials and labor-complete in accordance with above specification, for the sum of $ 6,345.00 .... .... .. _ W. .. . All material is guaranteed to be as specified.All work to be completed in a_substantial workmanlike manner.,accordlnto specifications submitted der standard practices.Any alterations or deviation from above specifications involving extra costs will be executed only upon written orders,and will,become an extra chap a over and above the estimate.No guarantee against v itation growth. t .. .—.�.-: _ ....n _ I CUSTOMER SIGNATURE AUTHORIZED SIGNATURE � ' T ammBt EACH _"CRA: COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 9, 2021 CONSENT AGENDA AGENDAITEM: 11.G. SUBJECT: Approval of Commercial Rent Reimbursement Grant Program in the Amount of $15,000 for Appliance King of America, Inc. located at 622 N. Federal Highway SUMMARY: The CRA's Commercial Rent Reimbursement Grant Program provides qualified new or expanding businesses located within the CRA District boundaries with rent payment assistance for a maximum period of 12 months. CRA staff has received a complete grant application from Appliance King of America, Inc. located at 622 N. Federal Highway, Boynton Beach, FL 33435 (see Attachments I - II). Appliance King of America is a family-owned and operated business that is known for its trusted neighborhood appliance sales, repair and maintenance resources in Palm Beach County. They have made the Boynton Beach CRA district its business home for nearly 23 years. Now, they are excited to be expanding into their new location on Federal Highway. As a retail office, Appliance King of America will be employing approximately 9 employees ranging from full-time and part-time positions for customer service reps, operations managers, service technicians, sales managers and installers. Under the terms of their proposed Landlord-Tenant Lease Agreement, the base rent required to be paid by the applicant is $2,500 per month (see Attachment 111). Appliance King of America qualifies as a Tier I I business (as specified in the grant application) and would receive reimbursement for one-half of their monthly rent amount or maximum grant amount of $1,250 per month for a 12 month period, whichever is less. If approved, Appliance King of America would be reimbursed in the amount of $1,250/month for a period of 12 months or a total grant amount of $15,000 during its first year of business. Grant reimbursements to the approved applicant occur on a monthly basis with proof of rent payments. FISCAL IMPACT: FY2020-2021 Budget, Project Fund, Line Item 02-58400-444, $15,000 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Approval of the Commercial Rent Reimbursement Grant in the amount not to exceed $15,000 to Appliance King of America, Inc. located at 622 N. Federal Highway, Boynton Beach, FL 33435. ATTACHMENTS: Description D Attachment I -Commercial Rent Reimbursement Grant Application D Attachment II - Location Map D Attachment III - Proposed Lease Agreement }At {J B ' JT1 B EACH COMMUMTY REDEVELOPMENT October 1 , 2020 — September 30, 2021 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY COMMERCIAL RENT REIMBURSEMENT GRANT PROGRAM Program Rules and Regulations The Commercial Rent Reimbursement Grant Program is designed to help facilitate the establishment of new businesses and aid in the expansion of existing businesses within the Boynton Beach Community Redevelopment Agency (the "BBCRA") Area. The program is designed to provide financial assistance to new and existing businesses in the form of rent reimbursement intended to help businesses during the critical first year of operation. The BBCRA reserves the right to approve or deny any Commercial Rent Reimbursement Grant Program application and to deny payment at any time if, in its sole and absolute discretion, it determines that the business will not advance the goals and objectives established for redevelopment of the BBCRA Area. The receipt of past payments is not a guarantee of future payments. For purposes of this application, the term "new business" means a company in operation for less than one year or relocating to Boynton Beach. The term "existing business" means a company that has been in operation within the BBCRA Area for a minimum of two years at the time of application and has at least two years remaining on its existing lease. The Boynton Beach BBCRA is a public agency and is governed by the "Florida Public Records Law" under Florida State Statutes, Chapter 119. Any documents provided by the Applicant(s) may be produced by the BBCRA upon receipt of a public records request, subject to any exemptions provided by Florida Law. Initi L) Page 1 of 15 Rent Reimbursement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com Incentive Funding The Commercial Rent Reimbursement Grant Program offers financial assistance through a reimbursable grant in the form of a monthly rent reimbursement for the first 12 months of business with the option to request an additional 6 months of reimbursement, which may be granted at the discretion of the Board. New businesses are eligible to apply for assistance for up to one year from the issuance of the City of Boynton Beach Business Tax Receipt. Rent Reimbursements will not be paid until all construction has ended, permits are closed out, City and County licenses are obtained, and the business is open for operation under a Temporary Certificate of Occupancy (TCO) or a Certificate of Occupancy (CO). For businesses that do not require any construction work, rent reimbursements will not be paid until City and County licenses are obtained and the business is open for operation. On a monthly basis, the BBCRA will issue reimbursement directly to the applicant. Reimbursement is for the monthly rent payment made to the landlord, and is dependent upon receipt of verification that the payment has been cleared by the bank. The responsibility for all rental payments is between the parties to the lease, (the tenant and the landlord). As grantor, the BBCRA does not bear or accept any responsibility for payment of rent at any time, or for penalties incurred for the late arrival of payments by any party. Applicants are also encouraged to connect with CareerSource Palm Beach County which is a State organization providing various free programs to assist Palm Beach County businesses. CareerSource Palm Beach County has a dedicated team of career counselors, business coaches and training providers to help area businesses stay competitive through training grants and talent acquisitions and also provide assistance in posting available jobs, recruiting and hiring, and training opportunities. For more information regarding CareerSource Palm Beach County visit their website at careersourcepbc.com. Initial Page 2 of 15 Rent Reimbursement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com Eligibility Requirements Applicants must meet all of the following requirements in order to be considered eligible to receive grant funding: • Applicant must be a new business, or an existing business that is expanding in size. • Applicant must be the business entity (or d/b/a) named and the principal owners named on the corporation documents, and must be the landlord or business owner of the company occupying the property to be improved. • Must be located within the BBCRA Area (see attached map). • Must provide proof that the business is properly licensed by all necessary levels of government and professional associations or agencies (copies of city and county licenses or receipts that the licenses have been applied for). • Non-profit and residentially zoned properties are NOT eligible. • An existing business must expand to occupy more than 50% of its current square footage size or open a second location within the BBCRA Area. Verification of this threshold must be provided in the application package. Exceptions to this rule may be made at the discretion of the BBCRA Board if the tenant is losing their current space due to redevelopment of the site. • The Applicant's Experian consumer credit report must reflect an acceptable level of financial stability, as determined in the sole discretion of the BBCRA Applicants must have an Experian credit score of 601 or higher and have no listed history of bankruptcy to be eligible. If there is more than one business owner, the majority of the business owners must have credit scores of 601 or higher to be eligible. • Applicant must have an executed multi-year lease with at least two years remaining on the lease. • Proposed leases must be executed within 30 days of BBCRA Board approval or the grant award is terminated. • The Commercial Rent Reimbursement Grant Program may only be used one time by any one specific business entity or business owner. • Grantees shall allow the BBCRA the rights and use of photos and project application materials. Initia Page 3 of 15 Rent Reimbursement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com • The BBCRA Board may give preference to local businesses. For purposes of this grant, local business means a duly licensed business entity with an office location in Palm Beach County. Ineligible Businesses The following businesses are considered ineligible for assistance under the Commercial Rent Reimbursement Grant Program: • Firearm Sales/Shooting Range • Convenience Store • Religion-Affiliated Retail Stores • Churches/places of worship • Non-profit organizations • Take-out Foods • Check Cashing Stores • Tattoo Shops / Body Piercing / • Kava Tea Bars Body Art Shops • Adult Entertainment • Liquor Stores • Adult Arcades • Vapor Cigarette, E Cigarette Stores • Alcohol and/or Drug Rehabilitation • Pawn Shops Centers/Housing • Any other use that the BBCRA staff • Massage/Personal Services or BBCRA Board determine will not • Auto Services Facilities — repair, support the redevelopment of the storage, sales, etc BBCRA Area • CBD Retail Stores, etc. • Medical Research Centers/Housing Grant Terms and Conditions This grant is divided into two tiers of eligibility. Businesses are classified into tiers based on the type of business, which then determines the amount of eligible funding. Grant funding amounts will be based on the applicant's project budget specified at the time of BBCRA Board approval. Tier One Business Tier One Businesses are eligible for reimbursement for up to half (50%) of the business's base monthly rent or$1,750 per month, whichever is less (maximum amount of the grant is $21,000, distributed in four monthly payments). Initials —CL) Page 4 of 15 Rent Reimbursement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com Tier One Businesses must be one of the following types of businesses: • Restaurant • Bakery • Gourmet Food Market Tier Two Business Tier Two Businesses are eligible for reimbursement for up to half (50%) of the business's base monthly rent or $1,250 per month, whichever is less (maximum amount of the grant is $15,000, distributed in four monthly payments. Examples of Tier Two Businesses include, but are not limited to, the following types of businesses: • Home D6cor/Design — home • Clothing Boutique — clothing, furnishings, art galleries, kitchen shoes & accessories wares • Law Offices • Accounting Offices • Hair/Nail Salons (no more than 2 • Real Estate Offices approvals per fiscal year) • Marketing Offices • Medical Offices • Fitness Centers • Insurance Offices • Specialty Businesses — stationary, • Florists (no more than 2 approvals gifts, sporting goods per fiscal year) Lease Terms If the applicant is a tenant, it must have a proposed or executed multi-year lease with a minimum of two years remaining on the lease. The commercial lease must define the landlord-tenant relationship and at minimum provide the following information: • A description of the space being rented, including square footage and a drawing of the space; • Description of utilities that are the tenant's responsibility; • Rental rate and deposits along with terms of lease and methodology for future rent increases; • Responsible party for interior and exterior repairs and/or improvements; • Insurance requirements; Initia C Page 5 of 15 �Z) Rent Reimbursement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com • Ability to terminate; and • Consequences of default on the lease. For purposes of this paragraph, the term "subject property" means the leased premises of the grant recipient, for which the applicant or grant recipient is seeking rental reimbursement, or any part thereof. Grant recipients are prohibited from subletting the subject property. If a grant recipient sublets the property, the grant recipient will be required to repay the BBCRA for all grant money received up to that point and will not be eligible to receive any further grant funding. For purposes of this grant, the BBCRA considers the following to be subletting: A) executing a sublease, assignment, or similar agreement with an entity that is not the grant recipient; B) allowing the subject property to be occupied by any business entity in which the grant recipient is not listed as the registered agent, owner, officer or director of said business, or assisting such a business in so doing; C) allowing or assisting a business entity other than the grant recipient to list its place of business as the subject property; or D) allowing or assisting a business entity other than the grant recipient to obtain a business tax license from the City of Boynton Beach for the subject property. The fact that a business entity other than the grant recipient occupies the subject property, lists its place of business as the subject property, obtains a business tax license for the subject property, or similarly appears to use the subject property is sufficient evidence that the grant recipient has allowed or assisted such other business entity to do so and is grounds for termination of any further grant payments and seeking reimbursement for previously paid grant payments. However, it shall not be considered a prohibited subleasing when the business purpose of the applicant is to provide a space for aspiring businesses, such as when the applicant is a business incubator, commissary kitchen, or business that provides co-op workspace. The BBCRA will determine whether a certain applicant fits into the exception described in this paragraph on a case-by-case basis. Application Process Applications can be obtained from the BBCRA office located at 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435 or downloaded from www.boyntonbeachcra.com. All applicants are required to meet with BBCRA staff in order to determine eligibility before Initials Page 6 of 15 Rent Reimbursement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435-Phone: (561) 600-9090 www.boyntonbeachcra.com submitting an application. Applications will not be considered until all required documentation is submitted to the BBCRA office. Application to this grant program is not a guarantee of funding. Funding is at the sole discretion of the BBCRA Board. Applicants must submit an original, "hard copy" application with all materials to the BBCRA for review and approval by the BBCRA Board. Applicants will be considered on a first-come, first served basis. Application packets must include the following documentation: 1. A non-refundable fee of$100, which will be used to obtain a consumer credit report on the business and principal/owners of business. Make check payable to: Boynton Beach CRA. 2. Resume for each principal/owner of the business. 3. Copy of the corporate documents for the applying business entity. 4. Copy of City and County Business Licenses (Business Tax Receipt). 5. Copy of executed multi-year commercial lease agreement. 6. Two years of corporate tax returns (for existing businesses only). 7. Two years of personal tax returns for the principal/owners of a new business. 8. List of jobs to be created and filled including job descriptions, pay range and weekly schedule. For existing businesses, provide a list of all current positions including job descriptions, pay range and weekly schedule. 9. If applicant is an existing business expanding to occupy more than 50% of its current square footage size, verification of this threshold must be provided in the application package. Exceptions to this rule may be made at the discretion of the BBCRA Board if the tenant is losing their current space due to redevelopment of the site. 10.Completed and signed application (attached). 11.Authorization to perform credit check for the business and each principal/owner of the business (attached). 12.W9 Form and Vendor Application (attached). Approval of Funding Request All required application documentation must be submitted no later than noon two weeks prior to the second Tuesday of the month. BBCRA staff will review the application to InitialzL Page 7 of 15 Rent Reimbursement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com evaluate whether the applicant is eligible for reimbursement. If it meets these requirements, BBCRA staff will present the funding request to the BBCRA Board for review and potential approval. In order to request the 6-month extension, the applicant must submit a presentation at the completion of the 12 months of rent reimbursement, outlining how their first year went and requesting the additional 6 months of rent reimbursement. The presentation must be submitted no later than noon two weeks prior to the second Tuesday of the month The BBCRA Board meets on the second Tuesday of each month. The schedule for BBCRA Board meetings can be obtained at www.boyntonbeachcra.com. Applicants will be notified of the date and time that their applications will be considered by the BBCRA Board. The BBCRA recommends that applicants attend the BBCRA Board meeting during which the Board will consider their applications in order to answer any questions the BBCRA Board may have regarding their applications. BBCRA staff will notify the applicant of the BBCRA Board's approval or denial in writing. Site Visits BBCRA may conduct a site visit prior to transmitting the application to the BBCRA Board and once the project is completed. Staff may also conduct unannounced site visits before, during and after the project in order to determine and ensure compliance with the terms of the grant. Procedures for Reimbursement Monthly rent reimbursement payments will be provided to the grant recipient beginning the first month the business is open for operation subsequent to BBCRA Board approval. A maximum of 12 consecutive monthly rent payments are eligible to be reimbursed to the approved applicant, with the option to request an additional 6 months. Reimbursement will occur on a monthly basis. Following the initial Reimbursement Request, each reimbursement request shall be made within 30 days of the start of the next month. Initials Page 8 of 15 Rent Reimbursement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435-Phone: (561) 600-9090 www.boyntonbeachcra.com In order to receive monthly rent reimbursement the grant applicant must submit the following: 1. Written request for reimbursement. 2. Proof of rent payments (i.e., copies of the front and back of cancelled checks for that month's reimbursement or proof of direct deposit). If applicant does not submit its monthly reimbursement request within 30 days following the end of the next month in which applicant is requesting reimbursement, applicant forfeits that month's reimbursement. Discontinuation of Payment The receipt of past payments does not guarantee future payments. The BBCRA retains the right to discontinue rent reimbursement payments at any time at its sole and absolute discretion. SUBMISSION OF AN APPLICATION IS NOT A GUARANTEE OF FUNDING It is the responsibility of the applicant to READ AND UNDERSTAND all aspects of the Grant Program's Rules/Requirements and Application. NOTICE TO THIRD PARTIES: The grant application program does not create any rights for any parties, including parties that performed work on the property. Nor shall issuance of a grant result in any obligation on the part of the BBCRA to any third party. The BBCRA is not required to verify that entities that have contracted with the applicant or applicant's landlord have been paid in full, or that such entities have paid any subcontractors in full. Applicant's submittal of verification that monthly rental payments have been cleared by the bank warranty is sufficient assurance for the BBCRA to award grant funding. Initials Page 9 of 15 Rent Reimbursement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com 14 V)� S N t YJT 1 ,� E H ���,,�<<� «<4 ,, RA COMMUNKY REDEVEI„OPMENTAGENCY APPLICANT INFORMATION BUSINESS INFORMATION: Business Name (d/b/a if applicable): Appliance King of America, Inc. Current Business Address: 224 NE 3rd St, Boynton Beach, FL 33435 Fed ID#: 59-2552855 Business Phone Number: 561-276-4169 Fax: Website: www.ApplianceKoA.com Existing Business: Yes X No Number of years in existence: 75 Time at Current Location: 23 Years New Business to Boynton Beach: Yes No X Do you have an executed lease agreement: Yes X No If so, monthly base rent: $2,500 New Business Address: 622 N Federal Hwy Boynton Beach, FL 33435 Square footage of current location: 800 Square footage of new location: 1 840 Type of Business: Appliance Service, Parts, Sales, and Maintenance Number of Employees: 9 Hours of Operation: M-F 8AM-5PM Sat 9AM-3PM Page 10 of 15 Rent Reimbursement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com 14 V)� S N t YM 1 ,� E H ���,,�<<� «<4 ,, RA COMMUNKY REDEVEI„OPMENTAGENCY APPLICANT INFORMATION PRINCIPAL/OWNER INFORMATION: (If more than 4 principals/owners additional sheets may be used) 1. Principal/Owner Name: David Costanzo Date of Birth: 12/07/1988 Email: david(c)appIiancekoa.com Residential Address: 11605 S Rambling Dr. Wellington, FL 33414 Cell Phone Number: 850-567-7122 2. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: 3. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: 4. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: Page 11 of 15 Rent Reimbursement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com 14 V)� S N t YM 1 ,����t�4� E H ���,,�<<� «<4 ,, RA COMMUNKY REDEVEI„OPMENTAGENCY APPLICANT INFORMATION Are you applying for grant assistant under any other program offered by the BBCRA? Yes No X If yes, what additional programs are you applying for: Are you receiving grant assistance under any other governmental agencies: Yes_ No x If yes, list any additional grant sources and amounts: LANDLORD INFORMATION: Landlord Name: 622 N Federal Hwy Investments, LLC. Landlord's Mailing Address: 622 N Federal Hwy Boynton Beach, FL 33435 Landlord's Phone Number: 850-567-7122 CERTIFICATION AND WAIVER OF PRIVACY: For purposes of this certification and waiver of privacy, the term "I” refers to the applicant and to all signatories below individually. By signing below, each signatory represents and confirms that he or she is authorized to sign on behalf of the applicant(s). 1, the undersigned applicant(s), certify that all information presented in this application, and all of the information furnished in support of the application, is given for the purpose of obtaining a grant under the Boynton Beach Community Redevelopment Agency Commercial Rent Reimbursement Grant Program, and it is true and complete to the best of my knowledge and belief. I further certify that I am aware of the fact that I can be penalized by fine and/or imprisonment for making false statements or presenting false information. I further acknowledge that I have read and understand the terms and conditions set forth and described in the Boynton Beach Page 12 of 15 Rent Reimbursement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com 14 V)� S N t YM 1 ,� E H ���,,�<<� «<4 ,, RA COMMUNKY REDEVEI„OPMENTAGENCY APPLICANT INFORMATION Community Redevelopment Agency Commercial Rent Reimbursement Grant Program Rules and Requirements. I understand that this application is not a guarantee of grant assistance, and that award of grants is at the sole discretion of the Boynton Beach Community Redevelopment Agency Board. I understand that the purpose of the grant is to further the Boynton Beach Community Redevelopment Plan, and that the Boynton Beach Community Redevelopment Agency may decline my application for any legal reason, including the reason that granting the award will not further the Community Redevelopment Plan. Should my application be approved, I understand that the Boynton Beach Community Redevelopment Agency may, at its sole discretion, discontinue grant payments at any time if in its sole and absolute determination it feels such assistance no longer meets the program criteria or is no longer furthering the Boynton Beach Community Redevelopment Plan. To the maximum extent possible, I hereby waive my rights to privacy and confidentiality for all matters contained in my application, and give my consent to the Boynton Beach Community Redevelopment Agency, its agents and contractors to examine any confidential information given herein. I further grant permission, and authorize any bank, employers or other public or private agency to disclose information deemed necessary to complete this application. I specifically authorize the Boynton Beach Community Redevelopment Agency to run a credit report as part of this application, and understand that information in my credit report, including a record of bankruptcy, may disqualify me from obtaining grant funding. I give permission to the Boynton Beach Community Redevelopment Agency or its agents to take photos of myself and business to be used to promote the program. I understand that if this application and the information furnished in support of the application are found to be incomplete, it will be not processed. Page 13 of 15 Rent Reimbursement 100 East Ocean Avenue, 4th Floor, Boynton Beach, FL 33435—Phone: (561) 600-9090 www.boyntonbeachcra.com ,dux 8 �3ry w d� BOYNTONI =BEACKCRA COMMUNffY REDEVELOPMENT AGENCY APPLICANT INFORMATION APPLICANT SIGNATURES: 1. 3/1/21 rincipal/Owner' ure Date David W. Costanzo Pceaidem Printed Name Title 2. Principal/Owner's Signature Date Printed Name Title 3. Principal/Owner's Signature Date Printed Name Title 4. Principal/Owner's Signature Date Printed Name Title Notary as to Principal/Owner's Signatures - Multiple notary pages may be used if signing individually STATE OF jFj t 9 l f!tPr COUNTY OF BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared Wi 7 C0516r?4 '0 who is/are personally known to me or pro`c u�d as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this _ day of--- 209,1 . NY U MOMmission Expires: Bonnie Nicklien Page 14 of 15 NOTARY PUBLIC r STATE OF FLORIDA Rent Reimbursement Conxn#GGIoa394 100 East Ocean Avenue,41h Floor, Boynton Beach, FL 33435—Phone: 0QXA%/25/2021 www.boyntonbeachcra.com f REDEVELOPMENTBOYNTO BEACNH COMMUNffY AGENCY LANLORD INFORMATION LANDLORD SIGNATURES: 1. I 3/1/21 Landlord's Si Date David W. CQa1aazD Mana in Partner Printed Name Title 2. 3/11/21 L lord's Ignature Date Pami Costanzo Managing Partner Printed Name Title Notary as to Principal/Owner's Signatures-Multiple notary pages may be used if signing individually STATE OF t COUNTY OF ?FtvlVl d BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared ' yt17 who is/are personally known to me or produced as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in he State and County aforesaid on this �J_ day of LIC My Commission Expires: Bonnie Nicklien NOTARY PUBLIC STATE OF FLORIDA Page 15 of 15 Comm#GG108394 Rent Reimbursement r Expires 5/25/2021 100 East Ocean Avenue,4th Floor, Boynton Beach, FL 33435—Phone: (561)600-9090 www.boyntonbeachcra.com 3/1/2021 PAPA Maps 2 DOROTHYJACKS - -�CFA,AAS =p P BeachZ tyP p rt Appraiser 8f%i,�`as} Ek}&tPifx ryes t# f r t p ,Search by Owner,Addressor Parcel l � S� 1 m1„ SS`t� �tt its iIi 1S �}i t,��`- View Property Record i £t Y Owners 622 N FEDERAL HIGHWAY :X INVESTMENTS LLC qtl NE;6th Ade ,;JC =t t£ sl} Sf C, Ys, �i�i f Property Detail � esrsrtSf< ft£ £ ca�Jorl } .. 622 N FEDERAL HWYMurmcioaht it I tk'SI�'�lf SSI +S i 7r,17is f y BOYNTON BEACH Parcei No. 08434522020010030:1Jt�1�£S'fJ c, od.; ^,.or: CIVIC CENTER SUB pa� �${{#��I}R Book 32165 Page 1246 - Sie...,ate=.JAN-2021 622 N FEDERAL \ Igfz St £4f mading HWY l d .; BOYNTON BEACH FL 33435 4125 r- S , Jt;e. Yoe 2400-INSURANCE s Saware :a.: 1840 e.et. Sales - } I Information Sales Price Date ` , � JAN-2021 425000 1I \1 � }�r - � NOV-2005 243593 „ ; �i3fi}�lrxr 01 1 1 t ,JUL-2004 315000 AN-1979 50000 i,; = SS •;����}f711� r)S7�j` 3� } s"1 u t Irl' (" % vt Appraisals �`t»�V11WN Tax Year 2020 ve e $103712 - re t.. e $129389 !�!�`iS}4 �}� rA k J s Ilr £ "# Vaiue=- $233 101 _.- 4lAll values are as of January 1 st each ,„� year t R!E"s!H Arte I t })kr�tr� t}£stLONMI � # Assessed/Taxable a-. values Tax Year 2020 Assesses, $233,101 �I'...ue X_ { $233,101 https://maps.co.palm-beach.fl.us/cwgis/papa.html?qvalue=08434522000007020 1/1 COMMERCIAL LEASE THIS LEASE, made and entered into this 1St day of March, 2021, between 622 North Federal Highway Investments, LLC, a Florida limited liability company, whose address is 622 N Federal Hwy, Boynton Beach, FL 33435 (hereinafter called "Lessor"), and Appliance King of America, Inc., jointly and severally,whose address is 224 NE 3rd St., Boynton Beach, FL 33435 (hereinafter called "Lessee"). 1. DEMISED PRESMISES: Lessor, in consideration of the covenants hereinafter contained, does hereby demise and lease to Lessee that certain property located at 622 North Federal Highway, Lake Worth, Florida, together with the exclusive right to use the adjacent parking areas (hereinafter sometimes referred to as the "Leased Premises" or "Premises" or the "Demised Premises"). 2. TERM: This Lease shall commence April 1, 2021 ("Commencement Date") and shall terminate three (3) years later on March 31, 2024 ("Termination Date"), unless terminated sooner in accordance with the terms hereof. 3. RENT: The Lessee shall pay Lessor rent ("Rent") in the amount of $2500.00 per month. The Rent shall be all inclusive of base rent, common area maintenance, real estate taxes and property insurance. (a) The first monthly installment of Rent for the month commencing April 1, 2021 shall be due and payable upon execution of this Lease. If the Lease term commences on any day of a month other than the first day, Lessee shall pay Lessor Rent for such commencement month on a prorated basis (such proration to be based on the actual number of days in the commencement month). Rent for any partial month of occupancy at the end of the Lease term shall be prorated, such proration to be based on the actual number of days in the partial month. (b) In addition to the Rent, Lessee shall pay to Lessor each month a sum equal to any sales tax (currently six percent), tax on rentals, and any other charges or taxes now in existence or hereafter imposed by appropriate authority, based upon the privilege of renting the Premises or parking spaces, or upon the amount of Rent collected therefore. 4. UTILITIES: Lessee shall obtain and pay for, at its expense, electric, internet, cable, water and sewer services from the local authorities, as the same shall become due, including all security deposits, if required. 5. CONDITION OF PREMISES: At the Commencement Date, the parties acknowledge that the Leased Premises are delivered in an "as is" condition. Lessor represents that the Premises meets all applicable building codes and zoning regulations. 6. REPAIRS AND MAINTENANCE: Lessor shall be responsible for all exterior maintenance of the Demised Premises, including roof and parking areas. Lessee will keep and maintain 1 the signage and the interior portions of the Leased Premises, including the air-conditioning equipment, in good condition and repair. Lessee shall not permit any waste, damage, or injury to the Leased Premises. Lessor shall not in any way be obligated to maintain, repair or replace any plate glass in connection with the Leased Premises, responsibility for which shall reside solely with the Lessee. If, after notice from Lessor, Lessee refuses to make any repairs or provide any maintenance required of Lessee hereunder, then Lessor may, but shall not be obligated to, make or cause such repairs to be made or maintenance to be provided and lessee agrees that it will in such event pay the full cost thereof to Lessor upon demand, as additional rental hereunder, with all remedies attendant thereon. The Lessee takes all risk of any damage to Lessee's property that may occur by reason of water or the bursting or leaking of any pipes of waste water about said premises, or from any act of negligence of any person, or fire, or hurricane, or other Act of God, or from any cause whatsoever. Lessee shall also maintain the personal property in good condition and repair. 7. SUBORDINATION AND NOTICE OF DEFAULT: This Lease is subordinate to the lien of any present or future mortgage or mortgages upon the Premises, or the property of which the Leased Premises are a part (unless any such mortgagee(s) elects to treat the mortgage as subordinated to this Lease), irrespective of the time of execution or the time of recording of any such mortgage or mortgages, provided that the holder of a future mortgage shall enter into a written agreement with Lessee to the effect that, in the event of foreclosure or other action taken under the mortgage by the holder of the mortgage, this Lease and the rights of Lessee under it shall not be disturbed, but shall continue in full force and effect so long as Lessee shall not be in default. The word "Mortgage" as used in this Lease includes mortgages, deeds of trust or other similar instruments and their modifications, extensions, renewals and replacements and any advances under such instruments. The Lessee shall execute and deliver any instrument that may be required to subordinate this Lease to the lien of any such mortgage or mortgages as shall be desired by Lessor's mortgagees or proposed mortgagees. 8. USE OF PREMISES: Lessee agrees that, during the term of this Lease and any extensions hereto, the Leased Premises will be used and occupied as an insurance agency and for no other purposes without written consent of the Lessor, which consent may be withheld in Lessor's sole discretion. Lessee shall at all times comply with the laws and ordinances of all duly constituted governmental authorities affecting the Leased Premises and the cleanliness, safety, occupation and use of such Leased Premises. Lessee covenants not to commit waste or damage to the Leased Premises and not to use the leased Premises in any way that would constitute a nuisance or hazard with respect to the premises or with respect to neighboring properties. 9. INDEMNITY: Lessee agrees to pay and to protect, indemnify and save harmless Lessor from and against any and all liabilities, losses, damages, costs, expenses (including all reasonable attorney's fees of Lessor), suits, claims, demands or judgments of any nature whatsoever arising from (i) any injury to or the death of any person or damage to property on the Leased Premises or upon adjoining sidewalks, streets or ways in any manner arising out of or connected with the use, nonuse, conditions or occupation of the Premises, and (ii) violation by Lessee of any agreement or condition of this Lease or of any contracts, agreements or obligations to which Lessee is a party and of any restrictions, statutes, 2 laws, ordinances or regulations affecting the premises or any part thereof or the occupancy or use thereof. 10. EMINENT DOMAIN: (a) If the whole or any substantial portion of the Leased Premises shall be taken for public or quasi-public use under any statute by right of eminent domain or by private purchase in lieu of such taking, this Lease and the terra granted by it shall cease and expire as respects the entire Leased Premises on the date when possession shall be taken by the condemning authority. All rents and other charges shall be prorated any paid to that date and Lessor shall refund to Lessee all rents and other charges, if any, paid by Lessee in respect of any period subsequent to such date. (b) If there is a taking of any part of the Leased Premises and the Lease is not terminated as a result, then this Lease shall continue in full force and effect and an equitable proportion of the rent shall be abated for the balance of the term of this Lease. In such event, Lessor, with due diligence and reasonable dispatch and at its own cost and expense, providing Lessor's mortgagee permits the necessary funds to be so available, shall restore the remainder of the Premises to as near its former condition as the circumstances will permit. (c) All damages and payments awarded for any and all taking(s) shall be the sole and exclusive property of Lessor, irrespective of the basis of the award. Anything to the contrary notwithstanding, this Lease shall not limit Lessee's rights, if any, to relocation and moving payments or to business loss payments which may otherwise be the right of Lessee under law so long as no award or payment for the taking or partial taking of the Leased Premises, or by, through or on account of this Lease, is included in such payment. 11. LIABILITY INSURANCE: Lessee, at all times during the term of this Lease, or any renewal or extension hereof, and at its expense, will procure, maintain and keep in force general public liability insurance for claims for personal injury and death occurring in or about the Premises, with limits of not less that one million dollars ($1,000,000.00) in respect to any one accident. Lessee shall deposit such policy or policies of insurance or certificates thereof with Lessor prior to the Commencement Date of this Lease and it shall keep such insurance policies and certificates current. Lessor and its mortgagee(s) shall be named as an insured in said liability policy. Such policy shall provide for a minimum of thirty (30) days for notice of termination, which notice shall be provided to Lessor, as well. In addition, Lessee, at all times during this Lease, shall, at its own expense, maintain Workers' Compensation Insurance covering all persons employed in connection with any work done on or about the premises. 12. DESTRUCTION: If, and only if, the Demised Premises, or any part thereof, shall at any time during the term of this Lease or any renewal term be destroyed or damaged by fire or other casualty included in Lessor's fire and extended coverage insurance, then the Lessor shall be obligated (subject to Lessor's mortgagee permitting such insurance funds to be made so available) to repair and rebuild the said Premises as expeditiously as possible 3 within a reasonable time, not to exceed one hundred eighty (180) days without the consent of Lessee, remitting or abating Rents hereby reserved, or a fair and just proportion thereof, according to the damage thus sustained until the said Premises are restored. If in the opinion of Lessor, Lessee's agents, employee(s) or contractor(s) shall fail to remove its damaged goods, wares, equipment or property within a reasonable time, and as a result thereof the repairing and restoration is delayed, there shall be no abatement of Rent during the period of such resulting delay. There shall be no abatement of Rent if such fire or other causes damaging or destroying the Leased Premises shall result from the act or omission of Lessee, Lessee's agents, employees or contractors. If Lessee shall use any part of the Leased Premises for storage or any other useful purpose during the period of repair, a reasonable charge shall be made to Lessee. Anything to the contrary notwithstanding, if at any time during the term of this Lease more than fifty percent (50%) of the Premises shall be damaged or destroyed, Lessor shall have the right to terminate this Lease as of the date of such destruction upon giving notice in writing of such election within thirty (30) days from the date of destruction. In the event of such termination, or any termination pursuant to this paragraph, Lessor and Lessee shall thereupon be released from any further liability hereunder except Lessee shall remain liable for all obligations and liabilities under this Lease which have arisen on or prior to such date of destruction. Notwithstanding the foregoing, in the event Lessor elects to terminate this Lease because of destruction of more than fifty percent (50%) of the Premises, as aforesaid, Lessee shall thereafter have the right to elect to reconstruct or restore the "Premises" at Lessee's expense, with no abatement of Rent, providing Lessee proceeds with such reconstruction or restoration in an expeditious manner and providing Lessee shall give Lessor notice of its intent to do so within ten (10) days after Lessor terminates pursuant to this paragraph. Plans for such reconstruction or restoration shall be subject to the prior approval of Lessor, which approval shall not be unreasonably withheld. 13. REMEDIES FOR FAILURE TO PAY RENT OR TO COMPLY WITH THIS LEASE: If any Rent or other charges or payments required by this Lease shall be more than five (5) days overdue or if Lessee shall be in default under any of the terms of this Lease for ten (10)days or more, Lessor shall have the option: (a) To terminate this Lease and resume possession of the Premises for its own account without legal process using such force as may be necessary to remove all persons and chattels not owned by Lessor therefrom and Lessor shall not be liable in damages or otherwise by reason of such reentry. Lessor must give Lessee written notice, after which Lessee shall have three (3) days to make such payment or to cure such default; or (b) Resume possession of the Premises and, at Lessor's option, accelerate and make immediately due and payable all Rent and other charges reserved to the balance of the Lease term. After any such repossession by Lessor after defaults and without terminating Lessee's liabilities for deficiencies to Lessor, Lessor shall, but need not, release or rent the Premises or any part thereof for the account of Lessee to any person or entity and upon any terms in Lessor's sole discretion. 4 (c) In either event, Lessor shall also recover all expenses incurred by reason of the breach, including interest, attorney's fees and court costs. This provision shall not be constructed to limit Lessor's remedies under Florida law, including, without limitation, the right of distress. Lessee pledges and assigns to Lessor all the furniture, fixtures, goods and chattels of said Lessee which shall or may be brought or put on said Premises as security for the payment of the Rent and other payments reserved herein in the event of Lessee's uncured default hereunder and Lessee agrees that said lien may be enforced by distress or foreclosure or otherwise and does agree to pay reasonable attorney's fees, together with other costs and charges therefore, incurred or paid by Lessor. Lessor's remedies hereunder and otherwise shall be cumulative, independent and nonexclusive. Lessor may collect, as additional rent, the sum of$15.00 per day for each day any payment due under this Lease is delinquent beyond the 5th of the month. 14. TAXES: PERSONAL, PROPERTY, SALES OR RENTALS: Lessee shall pay all taxes levied or assessed against the fixtures, equipment, inventory and other personal property of Lessee located upon the premises and all taxes levied upon the operations of the Lessee. All taxes imposed by the State of Florida, whether denominated as sales tax or rental tax or otherwise upon the rentals or the Lease herein, shall be paid by and shall be the sole responsibility of Lessee, which shall pay such taxes as they shall become due. 15. ASSIGNMENT AND SUBLETTING: Lessee shall not sublet, assign, mortgage, pledge or otherwise encumber this Lease, or any interest therein, without obtaining the prior written consent of Lessor, which may be withheld in the sole discretion of Lessor. The Premises may not be used for any purposes other than an insurance agency office. Lessor may require the proposed subtenant or assignee to submit appropriate financial and other information, as well as sign personal guarantees and agree to all other terms hereof. No such assignment or sublease shall release Lessee or the guarantors from the obligations hereunder. Sale of more than fifty percent (50%) of the stock of a corporation or professional association shall be considered an assignment for purposes of this paragraph. All costs, including attorney's fees, incurred by Lessor hereunder shall be borne by Lessee. 16. SIGNS: Lessee, at its expense, may erect signs advertising its business on the front of the building and on the corner of the Property. All such signs shall be in compliance with controlling governmental requirements and the same in style and format as the existing signage. Lessee, at its own cost and expense, shall be responsible for maintenance of signs and for the cost of any and all new signs and their removal upon termination of the Lease if required by Lessor. Lessor shall have the right to approve all signs and shall provide Lessee with specific sign criteria. 17. SECURITY DEPOSIT: Lessee, concurrently with the execution of this Lease, has deposited with Lessor the sum of $2500.00 plus applicable sales and other taxes, the receipt of which is hereby acknowledged by Lessor, which sum shall be retained by Lessor, without interest, as security for the payment of this Lease. It is agreed that Lessor, at Lessor's option, may at any time apply said sum or any part thereof towards the payment of the Rent and all other sums payable by Lessee under this lease, and towards the performance of each and every of Lessee's liability under this Lease, but such 5 covenants and Lessee's liability under this Lease shall thereby be discharged only pro tanto; that Lessee shall remain liable for any amounts that such sum shall be insufficient to pay; that Lessor may exhaust any or all rights and remedies against Lessee before resorting to said sum, but nothing herein contained shall require or be deemed to require Lessor to do so; that, in the event this deposit shall not be utilized for any such purposes, then such deposit shall be returned by Lessor to Lessee within fifteen (15) days after the expiration of the term of this Lease. Lessor shall not be required to pay Lessee any interest on said security deposit. 18. QUIET ENJOYMENT: The Lessor covenants and agrees with Lessee that, upon Lessee paying said Rent and performing all of the covenants and conditions as aforesaid, the Lessee shall and may peaceably and quietly have, hold and enjoy the Demised Premises for the term aforesaid. 19. RECORDING: This Lease shall not be recorded in the Public Records. In the event of any such recording and any damages flow therefrom to Lessor, Lessee shall pay all attorney's fees and reasonable court costs which may be incurred as a result of such recording; however, Lessor may record a short form or notice of said Lease to avoid construction liens on Lessor's interest pursuant to Section 713.10, Florida Statutes. 20. AMENDMENTS AND MODIFICATIONS: In the event that the parties hereto agree to amend or modify this Lease, such amendments or modifications shall be in writing and duly executed by both parties in the manner of this Lease. 21. CAPTIONS AND HEADINGS: Captions and headings in this Lease are for convenience only and are not a part hereof and do not in any way limit, amplify or affect the terms or provisions of this Lease. 22. ALTERATIONS AND REMODELING: Lessee shall have no right to remodel or make any alterations on the Demised Premises, without the prior approval of Lessor, which approval may be withheld in the sole discretion of Lessor. All alterations, additions, fixtures, improvements and replacements made and provided by either Lessor or Lessee upon or to the Leased Premises shall, upon the termination of this Lease for any reason or cause whatsoever, become the sole and exclusive property of Lessor. Lessee shall nonetheless be entitled to keep its personal property, and equipment, so long as Lessee is not in default hereunder and repairs the property, at Lessee's expense, after removing said equipment. 23. CONSTRUCTION LIENS: All persons, firms or corporations supplying labor, materials or services to the Lessee are hereby put on notice of the fact that they may look solely to the Lessee's interest in this Lease for construction liens by reason thereof. Lessee will not directly or indirectly create or permit to be created or remain and will promptly discharge at its sole expense any mortgage, lien, encumbrance or charge on, pledge or conditional sale or other title retention agreement with respect to the Premises or any part thereof or Lessee's interest therein. Lessor shall have the right to require a construction lien bond for improvements to be made by Lessee in an amount double to the estimated cost of the improvements. Lessee shall keep the Premises, the building in which the Premises is 6 located and the parking areas free and clear of debris and other hazards during the period of construction. 24. BANKRUPTCY: If Lessee shall file or have filed against it a petition for adjudication as a bankrupt, for reorganization under Chapter X, for arrangement under Chapter XI or XIII, or for any other relief under the Bankruptcy Act as now or hereafter amended, or make an assignment for the benefit of creditors, or if a receiver of any property of Lessee is appointed, Lessor is hereby irrevocably authorized, at its option, to forthwith cancel this Lease, as a default hereunder. Lessor may elect to accept rent for any such receiver or trustee or judicial officer during the term of their occupancy without affecting Lessor's rights as contained in this Lease, but no receiver, trustee or other judicial officer shall ever have any right, title or interest to the above described property or this Lease. 25. BINDING UPON SUCCESSORS: All provisions herein contained shall be binding upon and inure to the benefit of the parties hereto, their respective heirs, personal representatives, successors or assigns. The validity or unenforceability of any provision (or portion thereof)shall not impair the validity or enforceability of any other provision. 28. NOTICES: Any and all notices, demands or communications required to be given hereunder shall be in writing and shall be deemed to have been duly given if by the date called for under this Lease delivered: (i) by hand, or (ii) by nationally recognized, overnight express delivery service, or (iii) by U.S. certified mail, postage prepaid, return receipt requested, or (iv) by electronic transfer (telefacsimile/fax)with prompt telephone confirmation, to the following addresses: LESSOR: WITH A COPY TO LESSOR'S ATTORNEY: LESSEE: WITH A COPY TO LESSEE'S ATTORNEY: 29. EXPIRATION OF LEASE AND DELIVERY OF PREMISES: Lessee shall deliver up and surrender to Lessor possession of the Premises hereby leased upon expiration of this Lease, or its termination in any manner, in as good condition and repair as the same shall be at the commencement of 7 said term, excepting only ordinary wear and tear, loss by fire, the elements, war, civil commotion or other insured casualty, and losses or damages, the repair of which are Lessor's responsibility hereunder; and the Lessor shall have the right to enter the Premises at reasonable times during the term hereof to make any alterations or repairs to the building which Lessor may deem necessary or appropriate for its safety and preservation. This right of entry, however, shall be subject to all reasonable security regulations. IN WITNESS WHEREOF, the undersigned have executed this instrument the day and year first above written. Signed in the presence of: LESSOR: NAME: (NAME) WITNESS NAME: (NAME) WITNESS LESSEE: NAME: (NAME) WITNESS NAME: (NAME) WITNESS 8 � ' T wwmBt EACH "'1",,",,CRA : ITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 9, 2021 CRA PROJECTS IN PROGRESS AGENDAITEM: 13.A. SUBJECT: Marketing, Business Promotions, and Social Media Update SUMMARY: Throughout the month of February, the Business Promotions and Social Media team continued to focus on producing content and creative for a combination of print and digital marketing efforts to promote BBCRA projects and businesses located within the BBCRA area. Please see Attachment I for an overview of monthly initiatives. SOCIAL MEDIA INITIATIVES The BBCRA social media platforms were utilized to promote local business offerings and provide updates about BBCRA projects, including a spotlight of pages on the agency's newly launch website and the Public Input Survey for Future Redevelopment of BBCRA-Owned Property. Additionally, a variety of posts were shared to promote local businesses, including the fresh seafood options available at Capt. Frank's Seafood Market, the recently opened Euro Market, and the menu items offered at Tokio Ramen. See Attachment I I for a full listing of the Facebook posts that were published in February. PRINT MARKETING Coastal Angler Magazine — In February, a quarter-page ad was published to promote the fishing, diving, boating, dining, and Valvtect fuel that is available at the Boynton Harbor Marina. The Coastal Angler Magazine is a resource for anglers, boaters, and conservationists and is the second largest free outdoor publication in the nation with 40,000 circulations per month in Palm Beach, Broward, Dade, and Monroe counties (see Attachment III, Exhibit A). Cost: $225 Gateway Gazette - In February, a quarter-page ad was published to promote shopping locally for Valentine's Day presents. The ad featured the address and contact information for eight businesses located within the BBCRA Area: Link Custom Jewelry, Rich Men Looks, The Blossom Shoppe, Angel's Secret, Boynton Beach Florist, Del Sol Bakery, Scheurer's Chocolate, and Bond Street Ale & Coffee (see Attachment I1 I, Exhibit B). Cost: $193 BOYNTON BEACH BUCKS In February, the Boynton Beach Bucks reward program was officially launched. This business promotional digital marketing campaign is a reward system that encourages and incentivizes community members to visit and patronize businesses located within the BBCRA area. The intent of the program is to provide increased exposure and sales for featured businesses. The first special campaign was a promotion for the Sea Mist I 11. Here are some key highlights about the promotion: • Community members and visitors were encouraged to take advantage of a $10 off promotion for charters booked within the promotional dates. • The promotion initially ran February 6, 2021 — February 12, 2021, and was extended an additional week to run February 13, 2021 - February 21, 2021. • The promotion was shared on BBCRA social media accounts, to the BBCRA email subscriber list, to all City of Boynton Beach staff, and a promotional poster with the offer was provided to the Sea Mist I I I to display at their business. • Twenty-seven (27) Boynton Beach Bucks Deals were redeemed. The Sea Mist was reimbursed $270 for the promotion. • Individuals interested in the promotion were required to complete a short survey to receive the promo code. Analytics from the survey(Attachment IV) revealed o There were 117 respondents * 53%were residents of Boynton Beach and 47%were non-residents. 0 42.24% had previously fished with the Sea Mist I I I prior to the promotion and 57.76% had not. 0 73% heard about the promotion on social media; 13% via email; 3% via poster at business; 11%from a friend or family member. 0 78% were interested in learning about future Boynton Beach Bucks promotions; 22% were not interested in future promotions. A second Boynton Beach Buck promotion was launched for Pio Pio on February 22, 2021. The special offer, which is scheduled to run until March 5, 2021, is a buy one, get one '/z off promotion for the restaurant's $10.99 weekday lunch special.A recap of the offer will be presented in April. Future Boynton Beach Bucks promotions will be created for the following businesses: Angel's Secret, Baciami, Boulevard Paints, Guaca Go, Hurricane Alley, Mak Lash and Beauty, Starfish Scuba, That's Amore, Wave Max Laundry, and Your CBD Store. FISCAL IMPACT: FY 2020- 2021 Budget, Project Fund, Line Item 02-58400-445, Marketing $418; Project Fund, Line Item 02-58500-480,Business Promotions & Events $270. CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: No action required unless otherwise determined by the CRA Board. 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Answered: 116 Skipped: I Yes No a 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ANSWER CHOICES RESPONSES Yes 42.24% 49 No 57.76% 67 TOTAL 116 2 /6 Boynton Beach Bucks - Sea Mist III Q3 How did you hear about Boynton Beach Bucks and this promotion? Answered: 115 Skipped: 2 Social Media Email Poster/Visiting,,' the location_.' From friend/famil.. 1t , 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ANSWER CHOICES RESPONSES Social Media 73.04% 84 Email 13.04% 15 Poster/Visiting the location 2.61% 3 From a friend/family member 11.30% 13 TOTAL 115 3 /6 Boynton Beach Bucks - Sea Mist III Q4 Would you be interested in learning about future Boynton Beach Bucks promotions that help support local businesses? Answered: 115 Skipped: 2 s Yes No 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ANSWER CHOICES RESPONSES Yes 78.26% 90 No 21.74% 25 TOTAL 115 4/6 Boynton Beach Bucks - Sea Mist III Q5 If you answered yes, please provide your email address for future Boynton Beach Bucks deals. Answered: 68 Skipped: 49 5 /6 Boynton Beach Bucks - Sea Mist III Q6 How many tickets do you plan on purchasing with the Sea Mist III? Answered: 113 Skipped: 4 2 NONE= 3 4 t4 5 6 7 '' 8 '' 9 '' 10+ 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ANSWER CHOICES RESPONSES 1 23.89% 27 2 39.82% 45 3 17.70% 20 4 10.62% 12 5 3.54% 4 6 2.65% 3 7 0.00% 0 8 0.00% 0 9 0.00% 0 10+ 1.77% 2 TOTAL 113 6/6 � ' T t EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY CRA BOARD MEETING OF: March 9, 2021 OLD BUSINESS AGENDAITEM: 15.A. SUBJECT: Update on Purchase and Development Agreement with Boynton Beach Cottage District Development, LLC for the Cottage District I nfill Housing Redevelopment Project SUMMARY: At their December 8, 2020 meeting, the CRA Board selected the Proposal submitted by Boynton Beach Cottage District Development, LLC (BBCD) and directed CRA staff to begin negotiations for a contract and further discuss the specifics of the proposed development. Since the December CRA Board meeting, CRA staff have had several interactions with the BBCD team. These include conference calls between the Executive Director and lead counsel for the BBCD and virtual meetings. Specifically, CRA development staff and team members of the BBCD, met virtually on December 17, 2020 as well as a pre-application meeting with the City's Development Review team on December 28, 2020. As a result of the City's pre- application meeting, the BBCD, LLC team was given direction to address key issues with regard to their proposed site plan layout and infrastructure elements. It was anticipated that the BBCD team would have had a follow up pre-application meeting with City staff prior to the CRA Board at the February 9, 2020 meeting. That meeting has not yet occurred as the Development Team is still working on revisions to their site plan. It is anticipated that Boynton Beach Cottage District, LLC, will present their site plan revisions and other affected components of the proposal, to the CRA Board at their March 9, 2021 meeting (see Attachment I.A.-I.B.). BACKGROUND: On August 11, 2020, the CRA Board approved the issuance of the Cottage District Infill Housing Redevelopment Project RFP/RFQ (see Attachment II) for the development of owner-occupied, single family detached, workforce-affordable homes or a mix of detached homes and townhouse style attached units under fee-simple ownership. As required, the CRA obtained a property appraisal of the project site dated August 10, 2020 with a estimated market value of$1,893,000 (see Attachment III). As of the submission deadline on October 23, 2020, the CRA received five proposals from the following development entities and staffs comparison-evaluation sheets are provided as Attachment IV: • Boynton Beach Cottage District Development, LLC (Attachments VA-B) • Fox Ridge Capital, LLC (withdrew) • Azur Equities, LLC (Attachment (Attachments VI.) • Pulte Home Company, LLC (Attachments VII.) • Ace Development Group, LLC (Attachments VIII.) FISCAL IMPACT: FY2020-21 Budget, Project Fund, Line Item 02-58200-406 (Cottage District Project), $385,825 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRAAB RECOMMENDATION: At their December 3rd meeting, the CRA Advisory Board is providing a recommendation to the CRA Board that of the five Proposals submitted for the Cottage District Infill Housing RFP/RFQ, the following three Proposals best met the intent and requirements of the RFP/RFQ: • Pulte Home Company, LLC • Boynton Beach Cottage District Development, LLC • Azur Equities, LLC CRA BOARD OPTIONS: The CRA Board should consider RFP-RFQ related elements of the revised proposed project as presented by Boynton Beach Cottage District LLC for purposes of outlining the potential development agreement terms and conditions. ATTACHMENTS: Description D Attachment I.A. - Revised Presentation by Boynton Beach Cottage District LLC D Attachment I.B. - Revised Project Proforma by Boynton Beach Cottage District LLC D Attachment II -August 2020 Map & RFP-RFQ D Attachment III -August 2020 CRA Property Appraisal D Attachment IV -Comparison & Evaluation Sheets D Attachment V.A. -Original Boynton Beach Cottage District Development, LLC Submission D Attachment V.B. - Original Boynton Beach Cottage District, LLC Presentation D Attachment VI -Azur Equities, LLC Presentation D Attachment VII - Pulte Home Company, LLC Presentation D Attachment VIII -ACE Development, LLC Presentation itS1U1 HE, !{ AW - ,l J�� F t � # ^ r tt ii # O u.� • I L L- ^. 'D -... 9l 'di7 }>r i FIE { X' t' "i"H � k, fiYt i .,kj c, ,, i } Ws y�j�.r Y�f�1 ,Y y t �• t,7y�tVh�rh1, r � � s�n�i� s �4 � � fi; ;Y r � , w r n IYFF api s y Lt3 rg} a � sAL, .1 fa i t >✓4 :ate 1,� s"N N'. 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V1. t} O —j t/} to to to v N N f0 n � N r, m v O w r, LLnn O N to Q O a y+'j 00 N 00 01 EO = W N Q t/} t/} t/} {} 3 N m f0 O E A — N m o0 N M m o r- UL7 V i V am 00 Ln 1.0 Lli V V1 W ri N M i h\ }.(( §\/\\ } ( : _ . ! ° ) \ / ! ))\) \\}\ \,\\ ,,,,,,,,,,,,,,,,,,,,, \\\\ - - «. . �_ /};{/))}}} \)\))))))\{{)};i/;;ll;!]:I ) ) \:\\ :!\\\\ d\\.\\\ .\ \. \\\§ . -)t o�)} { !, \ \ - -- — u, .0 \_______________________�° f � s� {{� i - t� S 1 ` N cz LO N c� N c� U _ �t!'a r••+ �" . t U O p N bOA n, O V) 4-j -a y V) V O �"` =" w„ �" f� 61, 1 B Toi ,OYN =BEACH SiF RA BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY REQUEST FOR PROPOSALS AND DEVELOPER QUALIFICATIONS COTTAGE DISTRICT INFILL HOUSING REDEVELOPMENT PROJECT Location: Between N.E. 4th and N.E. 5th Avenues and N. Seacrest Boulevard and N.E. 1st Street Boynton Beach, Florida Issue Date: August 17, 2020 Submittal Date: October 23, 2020, no later than 3:00 p.m. (EST) �' r� 1tjf 1lF 4 f � f am r }{� � sfs 7 �r t� i ssi r et t s ----------------- 01353549-2 Page 1 of 36 The Boynton Beach Community Redevelopment Agency (BBCRA) is issuing a Request for Proposals and Developer Qualifications (RFP/RFQ) for the acquisition and redevelopment of the BBCRA-owned properties within the Heart of Boynton District. These properties, collectively known as the Cottage District Infill Housing Redevelopment Project Site, are located between N.E. 4th and N.E. 5th Avenues and N. Seacrest Boulevard and N.E. 1St Street,Boynton Beach,Florida(the"property"or"Project property"). The BBCRA will accept sealed proposals at its office located at 100 E. Ocean Avenue, 4th Floor, Boynton Beach, FL 33435 ON OR BEFORE October 23, 2020, no later than 3:00 p.m. Eastern Standard Time,as determined by the time stamp or clock at the BBCRA's reception area. Proposals to this RFP/RFQ(proposals) received after the date and time set forth above will NOT BE ACCEPTED FOR CONSIDERATION. All proposals will be date and time stamped by the BBCRA. Faxed or emailed Proposals will NOT BE ACCEPTED FOR CONSIDERATION. The RFP/RFQ documents, including all related attachments must be obtained from the BBCRA office or website at www.boyntonbeachcra.co (Click RFPs/RFQs/ITBs Tab on right hand side). 1. Community and Economic Setting The City of Boynton Beach (City),with a population of 72,000,is the third largest city in Palm Beach County, Florida. It is located approximately 45 miles north of Miami and 15 miles south of West Palm Beach.This puts it in the heart of southeast Florida's rapidly growing tri- county Miami-Dade/Broward/Palm Beach Metropolitan area. Boynton Beach has direct access to the Intracoastal Waterway, Interstate 95 (I-95) and the Florida Turnpike.It also has a market of more than 6 million people within a two-hour radius and ready access to three international airports, two major rail lines, as well as the Tri-Rail regional commuter rail system. The Heart of Boynton District is bounded by I-95 to the west, Federal Highway to the east, the Boynton Beach Canal (C-16) to the north and Boynton Beach Boulevard to the south. Seacrest Boulevard runs north-south through the center of the community. Over the past 14 years there has been approximately$100 million of public investment into the Heart of Boynton and Cultural Districts in furtherance of the 2016 Boynton Beach Community Redevelopment Plan ("BBCRA Plan") with respect to property acquisition, infrastructure improvements, parks, construction of new affordable housing and rehabilitation of existing homes. Some of the projects are: • The City completed the redevelopment of the Carolyn Sims Center and Denson Pool for a total of$10 million in 2006. The Center is located at NW 12th Avenue and is the center of neighborhood activities. 01353549-2 Page 2 of 36 • The City invested $1.5 million of federal stimulus dollars into the Seacrest Boulevard corridor from Boynton Beach Boulevard north to the C-16 canal to create an attractive streetscape with new lighting, landscaped medians, and public art. • The City and BBCRA are currently partnering on the Model Block Project, redeveloping a block of new single-family homes at NW 11th Avenue and N. Seacrest Boulevard. The project includes upgraded streetscapes, utilities and ten new affordable single-family home sites. Home construction began in June 2018. • The BBCRA partnered with the City to combine funding to complete a $1.3 million renovation project to improve Sara Sims Park, an eight acre park located at the SW corner of Martin Luther King Jr. Blvd. and N. Seacrest Boulevard. A master plan was developed with community input and the project was completed in October 2019. • The BBCRA, in partnership with Centennial Management Corp., is in the process of redeveloping a 4.3 acre site between N. Seacrest Boulevard and NE 1st Street and between NE 6th and 7th Avenues. The $26 million dollar project will consist of 123 multi-family affordable 1-3 bedroom rental units with residential and site amenities, including a small flex and community space. The project is currently underway and scheduled to be completed in December 2020. • The BBCRA, in partnership with Centennial Management Corp., will also be redeveloping a 3.6 acre site on E. Martin Luther King Jr. Boulevard into an affordable mixed-use project consisting of 124 residential units and 8,500 square feet of commercial space. The $30 million dollar project is fully funded and construction is scheduled to begin in the spring of 2021. • As part of the 16.5 acre mixed-use P3 Town Square Project, the BBCRA and the City partnered to fund and complete the construction of a new municipal complex consisting of a City Hall/Library building, District Energy building, Fire Station, amphitheater and public spaces, a fully inclusive playground, and the $11 million renovation of the historic High School building into a Cultural Center with a meeting and convention space for use by the public and a future hotel. The Town Square Project is located at the SE corner of E. Boynton Beach Boulevard and N. Seacrest Boulevard and will feature private development of a hotel along with residential and commercial components to complement the public facilities. The publicly owned elements were completed in July 2020. 2. Property Disposal and Project Description This RFP/RFQ is being issued for a project known as the Cottage District Infill Housing Redevelopment Project (the "Project"), and is seeking proposals for the acquisition and redevelopment of a BBCRA-owned property identified in this RFP/RFQ. The Project site is approximately 4.2 acres of vacant property located between N.E. 4th and N.E. 5th Avenues and N. Seacrest Boulevard and N.E. 1St Street, Boynton Beach, Florida. The Project site lies within the BBCRA Heart of Boynton District boundaries and is identified in the BBCRA Plan as a priority residential site. 01353549-2 Page 3 of 36 Additionally, the property is also located in the PBC Qualified Opportunity Zone. For more information, see httl2:-/-/mal2s.co.12alm-beach.fl.us-/cwgis/?al2l2=12bc interactive. All proposals must be in conformance with and in furtherance of the BBCRA Plan.The BBCRA Plan may be accessed on the BBCRA website: www.boyntonbeachcra.co The proposed redevelopment of this site shall be consistent with the recommendations made within the BBCRA Plan. The BBCRA Plan's goals are to leverage this publicly owned real estate asset to support the overall redevelopment of the Heart of Boynton community and surrounding area, to increase affordable home ownership opportunities for low and moderate income households within 80-140% Palm Beach County Area Medium Income (AMI), and to provide quality public enhancements that improve the economic, cultural and aesthetic quality of life for residents of the community. For more information on the annual published Palm Beach County AMI see http://discover.pbc ov.or HES/ a es Housing ortgaue- roara s.aspx. Development proposals should include traditional residential amenities, as well as those to enhance or improve existing community assets. Overriding goals for the future Project include quality design through the use of urban design principles, and the use of alternative energy sources where possible. Proposals shall incorporate a publicly accessible neighborhood pocket park to be located along the eastern portion of the site. Firms or entities responding to this RFP/RFQ ("Proposers") are encouraged to exercise creativity in defining a concept that satisfies the vision of the BBCRA Plan, use of applicable and appropriate zoning or entitlements, and sound real estate development practices. Pursuant to Section 163.380(2), Florida Statutes, offers for the acquisition of the properties for less than fair value shall require approval by the Boynton Beach CRA Board and the Boynton Beach City Commission. 3. Land Use Regulations. The Heart of Boynton District section of the BBCRA Plan provides information on the vision for future redevelopment within this area, which includes the Project site. The recommended future land use Land Use designation for the property is High Density Residential (HDR) with a corresponding Zoning designation of Multi-family Residential District(R-4) or Infill Planned Unit Development District(IPUD) which supports a maximum density of 15 units/acre (plus a 25% density bonus for the creation of workforce housing) and maximum built height of 45 feet. It is the responsibility of each Proposer to review the City of Boynton Beach Land Development Regulations and Workforce Housing Ordinance for applicable guidelines and limitations. As stated in the BBCRA Plan,the community supports construction of one and two story units with a maximum height of three stories, if located within the interior of the site. 01353549-2 Page 4 of 36 4. Palm Beach Coun1y Impact Fees. Development of the property will be subject to Palm Beach County Impact Fees. Please contact Impact Fee Coordinator for PBC, \A/ Uie Swoope at (561) 288'5025| for specific information regarding impact fees and/or credits applicable to the proposed development, or to download relevant information go to: 5. Survey and Appraisal. Aulaerial boundary and parcel map along with acopy o[the property survey inincluded with this OF9'OF0 an Attachments 'A" and "B." An appraisal of the subject properties was completed and is available in electronic form upon written request to the BBCRA. Proposers should not rely solely on the information in the appraisal when compiling proposal. The appraised value should beconsidered with all offers and requests for BBCOAincentives 6. Architectural and Design Considerations. The Project should include quality architectural design and site development standards that enhance the area and adjacent neighborhoods. Proposers should review the BBCRAPlan for Project development and design guidance. Proposals will beevaluated ontheir adherence and incorporation of architectural and design elements presented in the BBCRA Plan listed above and the design examples under Attachment"k." 7. Incentives for the Project. Under Chapter 163, Florida Statutes,the BBCRA is empowered to encourage and incentivize redevelopment within the BBCRA Redevelopment Area consistent with the BBCRA Plan.The BBCRA is committed to meeting the goals and objectives of the BBCRA Plan and will support the Project with policies and funding. To support the Project under this RFP/RFQ,the following incentives are available: • The BBCRA may provide financial incentives to enhance home ownership opportunities, such an but not limited to, infrastructure improvements, second mortgage subsidies, and/or assistance with County and State grant or funding applications. • The BBCRAmay provide support and assistance with obtaining Palm Beach County Impact Fee credits, City of Boynton Beach Utility Cap fees or any other applicable fee credits or waivers that do not involve additional BBCOA[unding. • The BBCRA may provide support and assistance in pursuing any permits or approvals that may be required to expedite the selected site development plan. • The BBCRA has allocated $38S,82S in the FY 2020-2021 Budget for the Project. 8. Proposer Registration. All entities interested in responding to this RFP/RFQ must register their name, address, telephone number, and an email address with the BBCRA by emailing Michael Simon, Executive Director, at SimonM@bbfl.us. Any information concerning addenda, changes, additions, clarifications, notices, and other topics related to this RFP/RFQ will be sent to registered proposers using the registration information provided. 9. Additional Information. After the proposals are received by the BBCRA, the BBCRA may make requests to Proposers for clarifications, assurances, or for other details including, but not limited to, financial and disclosure data relating to the proposal or proposer (including all affiliates, officers, directors, partners and employees). Any inquiries of a general nature applicable to all proposers will be directed to all proposers. Following submission of a bid, the proposer agrees to promptly deliver such further details, information and assurances, including, but not limited to, financial and disclosure data relating to the bid and/or the proposer (including the proposer's affiliates,officers,directors,partners and employees),as requested by the BBCRA. 10. Requirements for the Proposed Project All proposals must include the following: • Construction of single family fee simple, owner occupied dwelling units consisting of either detached, attached or combination of the two. • Height limitations for the units should be maintained at one, two or three story units with strong consideration given to the placement of any proposed three story units within the interior of the Project and a two story limitation along the perimeter of the proposed Project site. • Street lights installed along the entire perimeter of the Project that are complimentary to those existing along N. Seacrest Boulevard adjacent to the Project site. • On-street parking spaces where feasible. • Minimum five-foot sidewalk width along the entire perimeter of the Project. • Use of street and site trees that "exceed the minimum size and caliper requirement" of the City's Land Development Regulations to be installed as part of the proposed Project. • Creation of a neighborhood pocket park on the east portion of the site along NE 1St Street. The pocket park must be included in the Project's site plan and must include landscape,hardscape and accent lighting features.Once constructed by the successful Proposer, the pocket park will be open to the public and therefore will be deeded to 01353549-2 Page 6 of 36 the City of Boynton Beach. The successful proposer may be required to enter into a maintenance agreement with the City of Boynton Beach for the pocket park. • Plan for inclusion of workforce housing units, for households within 80-140% Palm Beach County Area Medium Income (AMI) • Housing should be constructed with maximum efficiency and sustainability in mind (Attachment F). 11.Deed Restriction and Homeowners and Property Owners Associations The BBCRA may require a deed restriction on the use of the properties as fee-simple residential development to preserve the home ownership opportunities in the neighborhood and/or require the establishment of a Homeowners or Property Owners Association. 12.Required Elements of Proposals. Proposals must contain all of the following documents and information in order to be deemed complete. Proposals not deemed complete may be rejected. a. Provide a general written statement describing the qualifications of the proposer and background information on the principals. If the selected developer is a public corporation, provide copies of its annual report or SEC filings as appropriate. b. Provide a certificate of good standing from the Secretary of State of Florida and the state in which the corporation is headquartered, if not Florida. c. Provide a copy of the commercial lease agreement, if applicable, or proof of property ownership at the location the proposer is currently licensed to do business. If the Proposal is submitted by more than one entity, each entity much provide the requested information separately. d. Provide a list of key personnel that will be directly involved in proposed Project's development or management team, along with their professional qualifications and a list of similar projects on which they have actively participated. Provide no less than three and no more than ten related projects for this item. e. Provide a written list of similar projects developed by the proposer that were completed, including photographs,addresses, dates the projects were completed, and general project description. Provide no less than two and no more than ten projects for this item. If the Proposal is submitted by more than one entity, each entity must provide the information requested separately. f. Provide a detailed description of the proposed Project, with text and graphics. This should include but not limited to a schematic site layout plan; proposed density, intensity, and height; parking locations; a breakdown of the proposed total number of housing units and housing unit types (attached or detached), including number of bedrooms and bathrooms, and square footage for each unit type and elevations, as well as the items listed in Paragraph 6, "Architectural and Design Considerations," and Paragraph 10, "Requirements for the Proposed Project," of this RFP/RFQ document. 01353549-2 Page 7 of 36 g. Provide a proposed project pre-development, construction development and sales pro forma. The pro forma shall include and clearly identify the funding sources and costs of the Project including those of property acquisition from the BBCRA along with any proposed funding assistance being requested of the BBCRA, if applicable. h. Within the list of funding sources, provide the dollar amount of any proposer equity and investment contributed to the proposed Project. L If the Project is proposed to use subsidies from other qualified entities, proposer must provide a list of those entities and demonstrate experience with obtaining such project-based subsidies for affordable housing by listing projects and the amount and type of subsidy utilized. j. Provide a description that will indicate how the units will be sold, strategies of outreach to the end users and community, proposed sale price ranges that are supported by the financial plan and pro forma, and the Project's proposed absorption rate. k. Provide a description of how the proposer will make attempts to utilize local qualified contractors, and sub-contractors as part of the completion of the proposed Project. Documentation of this effort will be required as part of the project monitoring. 1. Provide a strategy of how the proposer will engage the adjacent homeowners in the overall development of the Project. Engagement may consist of, but is not limited to improvements to common neighborhood elements such as contiguous public sidewalks, decorative pedestrian scale lighting, landscape design, or assistance with grant funding for architectural elements that would enhance the curb appeal and contribute to the cohesive design of the neighborhood. m. Provide proof of financial capability to complete the proposed Project. Financial capability may be demonstrated by submitting a current (audited, if available) financial statement of the proposing entity which includes a balance sheet, a three-year statement of past income, and a projected one-year income statement for the current fiscal year for the proposer (and its parent entity if proposer is a subsidiary). Tax returns may be substituted for financial statements. When possible, the proposer should also submit third party evidence of the ability to secure financing such as a preliminary financing commitment letter or letter of interest from a lending institution or other primary source of investment financing. A firm financing commitment from a lending institution or other source of investment financing may be required prior to the closing of the sale of the Project property, or as otherwise stipulated in negotiated agreements between the successful proposer and the BBCRA. Information regarding any legal or administrative actions, past or pending, that might impact the capacity of the proposer (or its principals or affiliates) to complete the Project must be disclosed. Disclosure of any bankruptcies by any of the above or related entities during the past ten years must be made with the RFP/RFQ. Financial information should be submitted in a separate, sealed envelope or package and marked 'confidential.' Financial information will be accepted only from the Proposer. n. A signed written statement of intent to purchase the Project property indicating the proposed purchase price along with a statement of willingness to execute a 01353549-2 Page 8 of 36 Purchase and Development Agreement within 90 days of selection if selected.Any Purchase and Development Agreement ("Agreement") will contain performance- based criteria and milestone timelines for items such as, securing debt funding, formal site plan application, commencement of construction, limitations on transferability or assignability of the Agreement without prior approval from the BBCRA, termination provisions for failure to meet the criteria listed and other provisions to adequately define the rights, duties and obligations of the parties. The Agreement may also contain a reverter clause. o. Provide authorization to Perform Credit Check for each proposer or Business entity. The Authorization must be executed by the appropriate officer of proposer entity (see Attachments "G" and "H" Disclosure and Authorizations to Perform Credit Check forms). p. A list of all civil and criminal legal actions in which each proposer entity (and its parent entity if it is a subsidiary) is currently a named party or was a named party in the past four years, providing the case number, case description, the state of jurisdiction,and disposition (or status) of each case. Proposer(s) may include any additional relevant information. If there are no legal actions to disclose, provide a written statement attesting to this fact. q. Provide a PowerPoint presentation of the proposal, consisting of no more than 1S slides. r. All other requirements contained in this RFP/RFQ including all attachments that request a proposal or information from the Proposer. s. An acknowledgement letter attesting that the proposer has read and understands all procedures and requirements of this RFP/RFQ (see Attachment"D"). 13.Submittal Requirements. a. Location and Deadline. Proposals must be received by the BBCRA at 100 E. Ocean Avenue,Boynton Beach, FL 3343S on or before October 23, 2020,no later than 3:00 p.m. Eastern Standard Time (the Deadline). Proposals received after to the date and time set forth above will NOT BE ACCEPTED FOR CONSIDERATION. Proposers may withdraw submitted proposals and resubmit at any time prior to the Deadline. b. Form and Number of Copies. Proposals must be delivered in a sealed box or envelope. Faxed and emailed proposals will not be accepted. In total, one bound original proposal document must be submitted with a title page listing the name of the RFP/RFQ and the submitting proposer along with one unbound but clipped copies of the proposal and one digital copy of the complete proposal in PDF format on a labeled CD/DVD or thumb drive. Proposals shall be clearly marked on the outside of the envelope or delivery box container as follows: 01353549-2 Page 9 of 36 Request for Proposals and Developer Qualifications Cottage District Infill Housing Redevelopment Project Issue Date:August 17, 2020 Submittal Deadline: October 23, 2020, no later than 3:00 p.m. c. Completeness.All proposals must be complete upon submittal to the BBCRA. d. Signature. The proposal, and any documents submitted with the proposal that require a signature, must be signed by an individual authorized by proposer to legally bind and represent Proposer. e. Failure to Meet Submittal Requirements. The failure to meet the Deadline, submit a proposal that complies with the form and number of copies requirements, or submit a complete proposal may result in the proposal being rejected and returned at the sole discretion of the BBCRA. f. Proposal validity.Proposals shall remain valid and binding on Proposers for 180 days after the submittal date. 14.RFP f RFQ Documents. The following planning and site documents are included in this RFP/RFQ and may be obtained from www.boyntonbeachcra.co (click RFPs/RFQs/ITBs Tab on right hand side). • Geo-technical Report • Project Site Survey • Property Appraisal • 2016 BBCRA Redevelopment Plan • 2009 The Downtown Vision and Master Plan In addition, all Proposers are encouraged to walk the Project location and will be assumed to have performed all necessary inspections on the property. 15.RFP f RFQ Proposal Evaluation and Selection Process. The BBCRA staff shall review each proposal and make a determination as to whether each proposal meets the minimum submission requirements for review, including whether the proposal is complete, and whether it fully complies with the terms and conditions outlined in this RFP/RFQ.A Proposer's failure to provide a substantially complete RFP/RFQ proposal submission may result in the submission not being evaluated. The BBCRA may request clarification of submitted information from any Proposer. The confidentiality of proprietary information from competing Proposers shall be maintained to the extent permitted by law. a. In addition to meeting the minimum requirements of this RFP/RFQ each proposal will be evaluated based on the information provided and on the following criteria, which are listed below in order of importance: 01353549-2 Page 10 of 36 L Experience in completing comparable development projects within markets similar to the project area. ii. Experience in development of affordable or workforce attached and detached single family fee simple products and/or developments. iii. Project's adherence to the goals and objectives of the RFP/RFQ and referenced BBCRA planning documents, adherence to items listed in Paragraph 6, "Architectural and Design Considerations," and Paragraph 10, "Requirements for the Proposed Project,"resident amenities, and public benefits. iv. Proposed financial terms, purchase price, development and operating pro forma. v. Proposed plan or program to use local contractors, sub-contractors and laborers in the Project. b. After the BBCRA staff reviews the proposals for completeness and evaluates the proposals based on the criteria above, the BBCRA staff will present the results of the review and evaluation process to the BBCRA Board at a public meeting. The BBCRA Board will then consider all proposals that meet the minimum submission requirements for review. c. The Proposers may be asked to present their PowerPoint slide presentation before the BBCRA at their regularly scheduled meeting in the City Commission Chambers at City Hall located at 100 E. Ocean Avenue. In addition to a presentation to the BBCRA Board, the Proposers may be asked to present their Proposals before the BBCRA Advisory Board at their regular meeting. The BBCRA Advisory Board acts as a recommendation body to the BBCRA Board. d. At the conclusion of the public presentations, a proposer may be selected by the BBCRA Board. However, the BBCRA Board is under no obligation to select a proposer regardless of their ranking, and can, at its sole discretion, opt to terminate the RFP/RFQ process or continue the process to a subsequent meeting. e. The existence of a contractual relationship between a proposer and the BBCRA is contingent upon successful negotiations between the BBCRA and a selected Proposer, and execution of an agreement by both parties. Therefore, upon selection of a successful Proposer, the BBCRA and the successful proposer will then enter into negotiations for a Purchase and Development Agreement that will contain terms substantially similar to those contained in the successful proposal and this RFP/RFQ. L Any Purchase and Development Agreement mustbe in a form approved by the BBCRA Board and BBCRA legal counsel. ii. If the BBCRA and the successful proposer are not able to agree upon a Purchase and Development Agreement satisfactory to both parties within 90 days of the selection of the successful proposer, the proposer shall have the right to terminate the negotiations. The BBCRA may terminate negotiations at any time for any reason. 01353549-2 Page 11 of 36 iii. If the BBCRA sends an agreed-upon Purchase and Development Agreement, or sends a Purchase and Development Agreement with a communication that informs the proposer that the agreement constitutes the BBCRA's final offer, and the proposer fails to return an executed copy of the provided Purchase and Development Agreement within 30 days of receipt of such agreement from the BBCRA, the negotiations are deemed terminated unless the BBCRA explicitly extends the deadline in writing. iv. The BBCRA may withdraw its offer of agreement,including a final offer,at any time prior to acceptance of such agreement. v. Upon termination of negotiations or withdrawal of the offer of agreement,the BBCRA may move forward as it deems appropriate, which may include entering into negotiations with another Proposer, re-advertising the RFP/RFQ electing to terminate the RFP/RFQ process, or any other action it deems to be in the best interest of the BBCRA. f. Any transfer of the property from the BBCRA to a proposer may be subject to approval of the City of Boynton Beach. 16.Tentative Schedule. The following tentative schedule is anticipated for actions related to this RFP/RFQ.All dates, times,and locations are subject to change.All changes will be posted to the BBCRA's website at www.boyntonbeachcra.co . Issue Date: August 17, 2020 Request for Information Deadline: October 12, 2020, 5:00 p.m. Submittal Deadline: October 23,2020,by 3:00 p.m.,BBCRA Office Presentation to the BBCRA Advisory Board*: November 5, 2020, at 6:30 p.m., City Hall Presentation to BBCRA Board*: November 10, 2020, at 5:30 p.m., City Hall Purchase &Development Agreement to BBCRA Board*: January 12, 2021, at 5:30 p.m., City Hall (*Note:Dates above subject to change—registered interested parties will be notified by email of changes, if any) 17.Contact and Questions a. Contact Information. All correspondence, questions, and requests for clarifications related to this RFP/RFQ must be directed to the person designated as the procurement officer for this RFP/RFQ: 01353549-2 Page 12 of 36 Michael Simon, Executive Director Boynton Beach Community Redevelopment Agency 100 E. Ocean Avenue, 4th Floor Boynton Beach, Florida 33435 Phone: (561) 600-9091 Email: Si on @bbfl.us b. Form of Contact; Answers in the Form of Addenda. All correspondence, questions, requests must be submitted in writing via email to the person identified above and may be submitted at any time but no later than 5:00 p.m., on October 12, 2020.All answers to questions, clarifications,and interpretations will be issued in the form of addenda, which become part of this RFP/RFQ. The proposer must acknowledge receipt of each addenda by completing the Addenda Acknowledgement Form and including it with the submitted Proposal (see Attachment "U). It is the responsibility of all proposers to obtain, review and respond to any and all addenda issued. Oral explanations, information, and instructions shall not be considered binding on the BBCRA. All proposers are encouraged to independently verify the accuracy of any information provided. Neither the BBCRA nor any of its agents or employees shall be responsible for the accuracy of any oral information provided to any proposer, or to any assumptions made by Proposer. Written proposals to all written questions submitted shall be maintained by the BBCRA in the RFP/RFQ file. c. Limitations on Communications; Cone of Silence; No Lobbying. proposer or persons acting on Proposer's behalf may not contact, between the release of the solicitation and the end of the 72-hour period following the BBCRA posting the notice of intended award (excluding Saturdays, Sundays, and state holidays), any employee, officer, or board member of the BBCRA concerning any aspect of this RFP/RFQ except in writing to the procurement officer or as provided in the RFP/RFP documents. Violation of this provision may be grounds for rejecting a proposal. Further, during the same time period, proposer or persons acting on Proposer's behalf may not contact any BBCRA Advisory Board Member, or any other person working on behalf of the BBCRA on any matter related to this RFP/RFQ. Communication prohibited by this RFP/RFQ or by any other state,federal,or local law or regulation, may cause an individual or firm to be disqualified immediately from participating in the proposal or selection process. Any violation of this condition may result in rejection and/or disqualification of the Proposer's proposal. For purposes of this section,persons acting on Proposer's behalf shall include,but not be limited to, the Proposer's employees, partners, attorneys, officers, 01353549-2 Page 13 of 36 directors, consultants, lobbyists, or any actual or potential subcontractor or consultant of the Proposer. This "Cone of Silence/No Lobbying" is in effect from the date of publication of the RFP/RFQ and shall terminate 1) at the time the BBCRA Board selects a Proposer, rejects all proposals, or otherwise takes action which ends the solicitation process; or 2) at the end of the 72-hour period following the BBCRA posting the notice of intended award, excluding Saturdays, Sundays, and state holidays,whichever is later. 18.Disclosure and Disclaimer. Proposer understands and acknowledges that to the extent permitted by law, the BBCRA retains all rights, at its sole and absolute discretion,to: a. Withdraw this RFP/RFQ at any time; b. Modify the schedule associated with this RFP/RFQ; c. Issue addenda to this RFP/RFQ; d. Request additional information, clarifications, or assurances from one or more Proposers or prospective Proposers; e. Reject any and all proposals; f. Refrain from awarding an agreement as a result of this RFP/RFQ; g. Verify the accuracy of any information provided; h. Accept proposals that deviate from this RFP/RFQ; L Disqualify or reject proposals that are incomplete, untimely, or unclear; j. Re-advertise this RFP/RFQ and accept new proposals; k. Obtain economic feasibility studies or third party evaluations with regard to any part of any proposal; 1. Evaluate the proposals through any process that complies with the BBCRA Procurement Policy, this RFP/RFQ and applicable Florida Statutes, m. Select the one or more successful proposals or Proposers it deems will be in the best interests of the BBCRA,regardless of which proposal appears to offer the best monetary value to the BBCRA; n. Waive any required element or condition found in this RFP/RFQ for all proposals or for a specific proposal; o. Waive any formalities associated with this RFP/RFQ; p. Negotiate agreements, abandon or withdraw from negotiations, approve agreements, and take other similar actions as a result of this RFP/RFQ. Any proposer who submits a proposal in proposal to this RFP/RFQ fully acknowledges all the provisions of this disclosure and disclaimer and agrees to be bound by the terms hereof. In the event of any differences between this disclosure and disclaimer and the balance of the RFP/RFQ, the provisions of this disclosure and disclaimer shall govern. If proposer fails to fully comply with all requirements of this RFP/RFQ proposer or proposer's proposal may be disqualified. 01353549-2 Page 14 of 36 19.Protests. The BBCRA Bid Protest Policy is available upon request. Submittal of a proposal constitutes acceptance of this policy. 20.Non-Discrimination. The selected Proposer,on behalf of itself,its successors and its assigns,agrees that no person shall, on the ground of race, color, disability,national origin, religion,age,familial status,sex, or sexual orientation, be subjected to discrimination in any way that is associated with the RFP/RFQ, the BBCRA, the proposal, any agreement resulting from this RFP/RFQ, or the Project. 21.Permits, Taxes. Licenses and Laws. The successful proposer will be required to pay for and/or obtain, at its own expense, all permits, licenses, fees, and taxes required, and to comply with all federal, state, and local laws, ordinances, rules, and regulations applicable to responding to this RFP/RFQ and carrying out the Project. 22.Sensitive and Proprietary Information. The BBCRA will maintain the confidentiality of sensitive and proprietary information to the extent permitted by law. The BBCRA will consider all other information, documentation and other materials submitted in proposal to this RFP/RFQ to be of non-confidential and or non- proprietary nature and therefore subject to public disclosure under Chapter 119 of the Florida State Statutes. 23.Public Records. The BBCRA is public agency subjectto Chapter 119,Florida Statutes.The successful proposer shall comply with Florida's Public Records Law. Specifically,the successful proposer shall: a. Keep and maintain public records that ordinarily and necessarily would be required by the BBCRA in order to perform the service; b. Provide the public with access to such public records on the same terms and conditions that the BBCRA would provide the records and at a cost that does not exceed that provided in Chapter 119, Fla. Stat., or as otherwise provided by law; c. Ensure that public records that are exempt or that are confidential and exempt from public record requirements are not disclosed except as authorized by law; and d. Meet all requirements for retaining public records and transfer to the BBCRA, at no cost, all public records in possession of the proposer upon termination of the contract and destroy any duplicate public records that are exempt or confidential and exempt.All records stored electronically must be provided to the BBCRA in a format that is compatible with the information technology systems of the BBCRA. 01353549-2 Page 15 of 36 IF PROPOSER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO PROPOSER'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS RFP/RFQ, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (561) 600- 9091; 100 E.Ocean Avenue,4th Floor,Boynton Beach,Florida 33435,SimonM@bbfl.us. 24.Public Entity Crimes Statement. A person or affiliate who has been placed on the convicted vendor list following a conviction for a public entity crime may not submit a bid, proposal, or reply on a contract to provide any goods or services to a public entity;may not submit a bid,proposal,or reply on a contract with a public entity for the construction or repair of a public building or public work; may not submit bids, proposals, or replies on leases of real property to a public entity; may not be awarded or perform work as a contractor, supplier, subcontractor, or consultant under a contract with any public entity; and may not transact business with any public entity in excess of the threshold amount provided in s. 287.017 for CATEGORY TWO for a period of 36 months following the date of being placed on the convicted vendor list. In order to qualify for consideration under this RFP/RFQ, proposer must complete and attach Attachment"J,"Public Entity Crimes Statement. 25.Drug Free Workplace Certification Preference shall be given to Proposer(s) with drug free work programs,under the standards described in Section 287.087, Florida Statutes.Whenever two (2) or more proposals that are equal with respect to price, quality and service are received by the BBCRA or by any political subdivision for the procurement of commodities or contractual services,a proposal received from a business that certifies that it has implemented a drug-free workplace program shall be given preference in the award process. In order to receive such preference, the proposer shall complete and submit with its proposal the attached certification,Attachment"K," Drug Free Workplace Certification. END OF MAIN DOCUMENT PROCEED TO ATTACHMENTS 01353549-2 Page 16 of 36 List of Attachments: A. Project Location Map B. Project Location Survey C. Proposer Information D. Acknowledgement Letter E. Design Examples F. Energy Efficiency Guidelines Checklist G. Disclosure and Authorization to Perform Credit Check H. Authorization to Perform Credit Check I. Authorization for Release of Information J. Public Entity Crimes Statement K. Certification of Drug Free Workplace Program L. Addenda Acknowledgement M. Certification of Non-Scrutinized Entity 01353549-2 Page 17 of 36 ATTACHMENT "A" PROJECT SITE LOCATION MAP a 41 rs M }� , } IIS 1 i i „ 01353549-2 Page 18 of 36 -(b' dd 9t 30vd'SZ'e �d)NO 33015 ANNI76 tN0018'S45101 ...9Zl tStl .... (h (-aJ8d 6S 39tld ZEd)N'II S08 DI IOIAO IOIIOHVd3H6 Y < _ f £NOOIB'B 8 4'E Z't 510130 ShOI1t30d N W W 9NIddVkV?5NlA3AHns a�Og Btl'8��� — 8LpZ1LtiEp � 'ON7`S31V700SSd8WOt1(hV Am ns DINdvN'JOdO1F AWGNn(>e d A38iS 14 3 N — _ i.LO'Zt£ .t. 3.SZ.m,s �' a rr. ` aS i " 0 o r v 3 .b6'6tr/ M..£Z.tS,40N r W ti 11 z m 89'Btrl 3.sZ lEot05 o — _ z i t x s -- ———i Z = x k e � r s H 0066 M.sZ VE LON �. U C �€ Lt 66 3.q Zul£>40S � s Hui ,Os'604 MSZ.tE,�ON s IN -14 0 3 R r y` I � r a i 1 a i r y 5 P� a . M..Ls.tE>69N, ... -- -- OaVA3l(1O91S3a�V3S 4. i e= k SF 1 S m ¢ � 5 � � 6 a fr FS p 5 o. E S E E� _ sl iF - €m m.E & k E S $ 21 iR ai Z iYLY 4 – l8 c Y o r� a, m E P 4 n i L a ATTACHMENT "C" PROPOSER(S) INFORMATION Name: Street Address: Mailing Address (if different): City, State, Zip: Telephone No. : Fax No: Email Address of Contact Person: Ownership Status - Is the company currently for sale or involved in any transaction to expand or to be acquired by another business entity? If yes, please explain the impact to the organization and management efforts. Age of Organization - In continuous business since: Leadership - List Corporate Officers, Principals, Partners or owners of your Organization with titles and addresses. If a publicly held company, list Chairman of the Board, CEO, and President: Federal Identification No.: State of Incorporation & Registration No.: If not a corporation, explain your status: 01353549-2 Page 20 of 36 ATTACHMENT "D" ACKNOWLEDGMENT LETTER PROPOSER(S) SHALL INCORPORATE THIS ACKNOWLEDGEMENT LETTER IN THEIR SUBMITTAL PACKAGE ********************************************************************************** Re: Boynton Beach Community Redevelopment Agency Request for Proposal/Request for Qualifications (RFP/RFQ) dated August 17, 2020 Cottage District Infill Housing Redevelopment Project To Whom It May Concern: The undersigned has read the Boynton Beach CRA(BBCRA) Request for Proposal/Request for Qualifications (RFP/RFQ) for the Cottage District Infill Housing Redevelopment Project, dated August 17, 2020. On behalf of proposer identified below and our proposal team, we agree to and accept the terms, specific limitations, and conditions expressed therein. We have read, rely upon, acknowledge and accept the BBCRA's disclosure and disclaimer, which is fully incorporated by reference into this letter, and certify that all of the requirements as described in the RFP/RFQ are met and all required documents are enclosed. We further certify that all information presented in this proposal,and all of the information furnished in support of the proposal,is true and complete to the best of our knowledge and belief, and we are aware of the fact that making false statements or presenting false information that results in an Agreement may be penalized to the maximum extent allowed by law. Sincerely, Name of Proposer Print Name and Title Authorized Signature Date 01353549-2 Page 21 of 36 ATTACHMENT "E" DESIGN EXAMPLES LOCAL HISTORIC ARCHITECTURAL EXAMPLES G, t: �{Y d �Y 1„ i a Y ti 01353549-2 Page 22 of 36 ATTACHMENT "E" (continued) SAMPLE ELEVATIONS - 7-1 at ILI 9 r, Rt „ j .. a , , 9 , z t, �'j v'" , — �F ,•a�A i —j- 01353549-2 Page 23 of 36 ATTACHMENT "E" (continued) Alternative Carport Options and Urban Neighborhood Site Plan Concepts P' Riga K �k graphics below by Looney Ricks Kiss Architects, Inc. 1"KJNh LAT)¢6.� a ,f g� �arARe A M1 lie:er w�yta'pnn tx Cywa d'RWtuw Atln.s,rmakxi a # k i� Mr ka 41"'—" rt a a h., to6, +oae ( L�som .4 a a t a x:rx !1k ,emm— Ric Ale 1,m&'f caw r �m 4'4'�� aka h. l ' $ wA W t a JA MSg^— qr -..es r. Lip tY4➢ds 6'k W- 1.' 1 1• f ! tl 9� gym' Ur fi7>t+w,9a 3 N44"'. n F x�'Us am�r xv+.9� +� avea�.u.«kFt.^w arca as�u�Saa ca r.w. 01353549-2 Page 24 of 36 graphics below by Looney Ricks Kiss Architects, Inc. 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Energy-efficient Construction Techniques and Products ❑ Proper installation of insulation to ensure even temperatures throughout the house per FBC-Residential requirements ❑ Installation of high performance impact windows per Florida Building Code (FBC)- Residential requirements ❑ Installation of energy-efficient HVAC systems - Energy Star compliant ❑ Installation of new Energy Star compliant products including light fixtures, LED bulbs, ventilation and exhaust fans and appliances (refrigerators, dishwashers, and washer/dryer machines) Improved Indoor Environments ❑ Building envelope, duct systems and vents must be properly sealed to prevent cracks and holes ❑ Carpet, pads, and other surface materials and installation must comply with the Carpet and Rug Institute's Green Label Certification ❑ Utilization of only low Volatile Organic Carbon paints, finishes, and sealants ❑ Utilization of proper water vapor barrier and other applicable sealing methods to eliminate any possibility of mold ❑ Installation of programmable thermostats in all units Increased Water Efficiency ❑ Installation of low volume, non-spray irrigation system ❑ Incorporation of landscape practices recommended by the University of Florida's Florida Friendly Landscape Program (http://fyn.ifas.ufl.edu/) and compliance with the Landscape Regulations of the City of Boynton Beach. ❑ Installation of low flow toilets and sink faucets 01353549-2 Page 29 of 36 ATTACHMENT "G" DISCLOSURE AND AUTHORIZATION TO PERFORM CREDIT CHECK An authorization to Perform Credit Check will need to be completed by each Principal/Owner. For Principal f Owner: (Please use a separate form for each principal/owner) As Principal/Owner of Proposer, I (name) hereby affirm I have read the above disclosure, and consent to and authorize the Boynton Beach Community Redevelopment Agency's (`BBCRA") investigation into my credit worthiness. Such consent and authorization is given with respect to any and all persons who may conduct an investigation of my credit worthiness on behalf of the BBCRA, including independent contractors and credit agencies retained by the BBCRA for such purpose. Any information provided to the BBCRA is a public record subject to the provisions of Ch. 119 F.S., and I may request a copy of any information provided to the BBCRA as part of the BBCRA's investigation into my creditworthiness. I grant such consent and authorization to the BBCRA for the period commencing as of the date of this authorization and terminating at the time a Proposal is selected by the BBCRA Board. I hereby waive any and all claims,past present or future,which I may have against the BBCRA by reason of any credit investigation made pursuant to my consent and authorization herein given to the BBCRA. Proposer Name: Principal/Owner Name: Date of Birth: Current Home Address: Previous Home Address: Email: Phone #: Signature: Date: Print Name: 01353549-2 Page 30 of 36 ATTACHMENT "H" AUTHORIZATION TO PERFORM CREDIT CHECK For Proposer (Business EntftyL. The proposer hereby consents to and authorizes the Boynton Beach Community Redevelopment Agency's ("BBCRA") investigation into the creditworthiness of the Proposer. Such consent and authorization is given with respect to any and all persons who may conduct an investigation of the Proposer's credit worthiness on behalf of the BBCRA, including independent contractors and credit agencies retained by the BBCRA for such purpose. Any information provided to the BBCRA is a public record subject to the provisions of Ch. 119 F.S. Proposer grants such consent and authorization to the BBCRA for the period commencing as of the date of this authorization and terminating at the time a Proposal is selected by the BBCRA Board. This proposer hereby waives any and all claims, past present or future, which the proposer may have against the BBCRA by reason of any credit investigation made pursuant to Proposer's consent and authorization herein given to the BBCRA. An authorization to Perform Credit Check will need to be completed by each Principal/Owner and by the Business. Proposer (Business) Name (D/B/A if applicable): Current Business Address: Federal Tax ID# State of Incorporation: Phone #: Fax#: Authorized Signature: Date: Print Name: Title: 01353549-2 Page 31 of 36 ATTACHMENT "I" AUTHORIZATION FOR RELEASE OF INFORMATION To whom it may concern: The undersigned hereby authorizes you to release to the Boynton Beach Community Redevelopment Agency (BBCRA) or the City of Boynton Beach any information in your possession regarding the undersigned either of a professional credit or personal nature including the statement of your opinions with regard to the undersigned's professional credit and personal character, or of the proposer identified below. The undersigned also authorizes you to release to the Boynton Beach Community Redevelopment Agency (BBCRA) or the City of Boynton Beach any information in your possession regarding the business identified as "proposer"below. By: STATE OF FLORIDA COUNTY OF PALM BEACH THE FOREGOING INSTRUMENT was acknowledged before me this day of . 2020,by who is personally known to me or who has respectively produced as identification and did not take an oath. Notary Public: Print Name: Commission No: (Seal) My Commission Expires: Name: Home Address: Home Telephone Number: Business Telephone Number: Fax Number: Date of Birth: Professional License Number: Proposer (Business) Name: 01353549-2 Page 32 of 36 ATTACHMENT "J" PUBLIC ENTITY CRIMES STATEMENT A person or affiliate who has been placed on the convicted vendor list following a conviction for public entity crime may not: submit a bid, proposal, or reply on a contract to provide any goods or services to a public entity;submit a bid proposal,or reply on a contract with a public entity for the construction or repair of a public building or public work; submit bids, proposals, or replies on leases of real property to a public entity; be awarded or perform work as a contractor, supplier,subcontractor or consultant under a contract with any public entity;or transact business with any public entity in excess of the threshold amount provided in Section 287.017, Florida Statutes,for CATEGORY TWO for a period of 36 months following the date of being placed on the convicted vendor list. As the person authorized to sign the Statement, I certify that proposer has not been placed on the convicted vendor list within the past 36 months and complies fully with the above requirements. Proposer Name Authorized Signature Print Name Title Date 01353549-2 Page 33 of 36 ATTACHMENT "K" CERTIFICATION OF DRUG FREE WORKPLACE PROGRAM I certify that . the proposer responding to this RFP/RFQ, maintains a drug-free workplace program, and that the following conditions are met: (1) Proposer publishes a statement notifying employees that the unlawful manufacture, distribution, dispensing, possession, or use of a controlled substance is prohibited in the workplace; and specifying the actions that will be taken against employees for violations of such programs. (2) Proposer informs employees about the dangers of drug abuse in the workplace, the company's policy of maintaining a drug-free workplace, any available drug counseling, rehabilitation, and employee assistance programs, and the penalties that may be imposed upon employees for drug abuse violations. (3) Proposer gives each employee engaged in providing the commodities or contractual services included in this RFP a copy of the statement specified in Subsection (1). (4) In the statement specified in Subsection (1), proposer notifies the employee that, as a condition of working in the commodities or contractual services covered under this RFP/RFQ he/she will abide by the terms of the statement; and will notify the employer (Proposer) of any conviction of, or plea of guilty or nolo contendere to any violation of Chapter 893 or any controlled substance law of the United States or any state,for a violation occurring in the workplace no later than five days after such conviction. (5) Proposer imposes a sanction on,or requires the satisfactory participation in a drug abuse assistance or rehabilitation program if such is available in the employee's community by,any employee who is convicted. (6) Proposer makes a good faith effort to continue to maintain a drug-free workplace through implementation of this Section 287.087, Florida Statutes. As the person authorized to sign the statement, I certify that proposer complies fully with the above requirements. Authorized Signature: Date Name &Title (typed) 01353549-2 Page 34 of 36 ATTACHMENT "L" ADDENDA ACKNOWLEDGEMENT Receipt is hereby acknowledged of the following addenda to the The Boynton Beach Community Redevelopment Agency Request for Proposals and Developer Qualifications Cottage District Infill Housing Redevelopment Project By entering checking YES or NO in the space provided and indicating date received. No. 1 ❑ Yes ❑ No Date No. 2 ❑ Yes ❑ No Date No. 3 ❑ Yes ❑ No Date No. 4 ❑ Yes ❑ No Date No. S ❑ Yes ❑ No Date RFP/RFQ INFORMATION WAS OBTAINED FROM: ❑ BBCRA Website ❑ Newspaper Ad ❑ City Hall ❑ Other, please specify: Authorized Signature Print Name Title Date 01353549-2 Page 35 of 36 ATTACHMENT "M" CERTIFICATION OF NON-SCRUTINIZED COMPANY . as Proposer, hereby certifies that it is not on the Scrutinized Companies that Boycott Israel List created pursuant to Section 215.4725, Florida Statutes, and is not engaged in a boycott of Israel. If the BBCRA determines that this certification is falsified or contains false statements, or that proposer is placed Scrutinized Companies that Boycott Israel List or engages in a boycott of Israel after the submittal of the Proposal or the execution of any agreement arising out of this RFP/RFQ, the BBCRA may disqualify the Proposal and/or terminate the agreement. Proposer Name By: Authorized Representative of Proposer Date: STATE OF COUNTY OF SWORN TO and subscribed before me this day of 20 , by . Such person (Notary Public must check applicable box): [ ] is personally known to me [ ] produced their current driver license [ ] produced as identification. (NOTARY PUBLIC SEAL) Notary Public (Printed, Typed or Stamped Name of Notary Public) 01353549-2 Page 36 of 36 Z1, B J T IN IV =BRAY E,/",��yy,'�`4q(�. i4 g CO&WL TY ENCY ADDENDUM NO. 1 TO REQUEST FOR PROPOSALS AND DEVELOPERS QUALIFICATIONS (RFP/RFQ) COTTAGE DISTRICT INFILL HOUSING REDEVELOPMENT PROJECT October 14, 2020 TO ALL PROPOSERS AND OTHERS CONCERNED The Boynton Beach Community Redevelopment Agency (BBCRA) is issuing a Request for Proposals and Developer Qualifications (RFP/RFQ) for the acquisition and redevelopment of the BBCRA-owned properties within the Heart of Boynton District. These properties, collectively known as the Cottage District Infill Housing Redevelopment Project Site, are located between N.E. 4th and N.E. 5th Avenues and N. Seacrest Boulevard and N.E. 1 st Street, Boynton Beach, Florida (the "property" or"Project property"). The intent of this RFP/RFQ Addendum is to address to address any errors or misprint, provide supplement information, or provide clarification when requested. Proposers submitting proposals for the above- referenced project shall take note of the following changes, additions, deletions clarifications, etc., to the RFP/RFQ which shall become a part of and have precedence over anything shown or described otherwise. Question #1: On pages 7-9 in Section 12. Required Elements of Proposals, there are multiple instances of"If the Proposal is submitted by more than one entity, each entity much provide the requested information separately." Does separately mean that the CRA would like each team member to include this requirement in the proposal package or does the CRA intend each team member to submit this requirement separately to the CRA under separate cover? Answer: It is the intent of Section 12 to request information from the Proposer(s)where specified. The Proposer is the entity that will be entering into a Developer's Agreement with the BBCRA, not each of the professions that contribute to the Project. An example of a two Proposer submission where this would be applicable would be if a townhouse builder and a detached single-family housing builder"teamed" up to submit one proposal under one legal entity such as, but not limited to, a joint venture, LLC, or partnership. All necessary information from each builder will need to be combined into one proposal packet. Question #2: Would the CRA please specify which forms, if any, are required to be submitted by team members other than the Proposer? Answer: See response given to Question 1 above. Question #3: 3.a. Section 12, letter q. requires the inclusion of a PowerPoint presentation in the proposal. Would the CRA please explain the purpose of this/intended audience? Answer: The PowerPoint presentation will be used during the CRAAB and BBCRA Board meetings. 3.b. If the PowerPoint presentation is intended to be used in a shortlist presentation, are we able to make changes to the presentation after the submittal date and before the presentation or supplement the presentation? Answer: No. 1 Addendum No.01 Question #4: In the included Geo-technical Report, is the stated 2000 psi the maximum soil bearing capacity, or did the CRA specify this as the limit? Answer: The BBCRA did not provide any specifications prior to the performance of the Geo- technical Report. Question #5: Will the CRA consider alternatives to on-street parking? Answer: Any and all alternatives submitted by a Proposer may be presented to the BBCRA Board for their consideration as part of the Proposal. Question #6: Due to the circumstances surrounding COVID-19, would you consider permitting the submission of electronic copies instead of hard copies? Answer: No. Question #7: Please provide a list of all registrants. Answer: The following entities/individuals have registered as of the publication date of this Addendum: • Ace Development • Centennial Management Corp • Franck Gotsman • Boynton Beach Cottage District Development, LLC • Fox Ridge Capital • Aina Development, LLC • Lavoid Johnson • KHovmanian Homes • Pulte Group • WGI, Inc. Question #8: Can the CRA share any community comments with respect to previous development proposals and/or CRA development of the site? Answer: All of the meeting minutes and meeting videos for BBCRA Board meetings can be found on the BBCRA's website: www.boyntonbeachcra.com Questions #9-13: Drainage 9. Can we continue to sheet flow or pipe connect runoff to road right-of-way? 10. Can we use a pre-post reduction approach? 11. The road abutting lots, can we isolate them and do a pre-post for each? 12. Can we eliminate the 25 yr berm for these perimeter lots? 13. Is Legal Positive Outfall required? Answer: As part of a Proposer's due diligence, all of the above questions regarding drainage may be directed to the City of Boynton Beach Utilities Department. Questions #14-18: Water Distribution 2 Addendum No.01 14. Can we feed the buildings from the rear? Where does the meter need to be? 15. Is there WM along NE 5th Avenue? 16. Can we have As-builts /Atlas Sheets 17. Do we need to sprinkle the buildings? 18. Meter bank or individual meters and service runs for Townhome Lots? Answer: As part of a Proposer's due diligence, all of the above questions regarding water distribution may be directed to the City of Boynton Beach Utilities Department. Questions #19-20: Sanitary Sewer 19. Is there capacity in the gravity system(s) surrounding the property (or is a lift station needed)? 20. Can SF units be served from the rear to avoid multiple roadway open cuts and new service taps in existing mains. Answer: As part of a Proposer's due diligence, all of the above questions regarding sanitary sewer may be directed to the City of Boynton Beach Utilities Department. Questions #21-25: Roadway 21. Is a 32-ft Road Right-of-Way acceptable for the interior proposed loop road? 22. Sidewalk along NE 4th Avenue is not continuous? 23. Does it span the private lots that are remaining? 24. If the above is the case, the SWK would be on private property; how do we go about this? 25. Utility taps: what are the City's restoration requirements (limits of reconstruction and milling & resurfacing)? Answer: As part of a Proposer's due diligence, all of the above questions regarding roadways may be directed to the City of Boynton Beach Utilities & Public Works/Engineering Departments. Question #26: Site Plan 26. What are the setback requirements for the various products? Answer: As part of a Proposer's due diligence, all site specific questions regarding development regulations for the proposed product may be directed to the City of Boynton Beach Planning & Development Department. END OF ADDENDUM No. 1 3 Addendum No.01 APPRAISAL REPORT BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY PROPERTY OWNERSHIP of 4.346 Acres of Land between NE 4th AVENUE & NE 5th AVENUE, east of SEACREST BLVD& NE 1St STREET BOYNTON BEACH,FLORIDA 33435 by Vance Real Estate Service 7481 Northwest Fourth Street Plantation,Florida 33317-2204 for Boynton Beach Community Redevelopment Agency 100 East Ocean Avenue Boynton Beach, FL 33435 August 10, 2020 sf, Vance Real Estate Service t= r E August 10>2020 Boynton Beach Community Redevelopment Agency ,`�sf, 100 East Ocean Avenue Boynton Beach, FL 33435 i RE: 4.346 acres of land,between NE 4"'Avenue&NE 5h Avenue,between Seacrest Blvd & NE lst Street, Boynton Beach, FL 33435 (Legal description is in the report) Ladies and Gentlemen: ! In fulfillment of our agreement, we transmit our Appraisal Report, in which we develop an opinion of market value for the fee simple estate in the referenced real property as of August 10, 2020. The report sets forth our value conclusion, along with data and reasoning supporting our value opinion. This report was prepared for and our professional fee billed to Boynton Beach Community Redevelopment Agency. Our analyses have been prepared in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP 2020-2021). This report is for exclusive use of the client for possible disposition of the appraised property. i Jesse B. Vance, Jr. and Claudia Vance visited the property. If you have questions or further needs, please contact the undersigned. As a result of our analyses, we have developed the following opinion of market value of the appraised property, subject to definitions, certifications, and limiting conditions set forth in the attached report. ONE MILLION EIGHT HUNDRED NINETY-THREE THOUSAND DOLLARS 1 893 000 I (THIS LETTER MUST REMAINATTACHED TO THE REPORT WTH EIGHT-NINE(89)NUMBERED PAGES FOR THE VALUE OPINION SET FORTH TO BE CONSIDERED VALID.) Respectfully submitted, Jesse B. Vance, Jr., MAI, SRA, ASA State-Certified General Real Estate Appraiser RZ-85 Claudia Vance, MAI State-Certified General Real Estate Appraiser RZ-173 MBA in REAL ESTATE DEVELOPMENT&MANAGEMENT 7481 Northwest 41h Street,Plantation,FL 33317-2204 954/583-2116 -- TABLE OF CONTENTS Pate Number Title Page i Letter of Transmittal ii Table of Contents iii INTRODUCTION 4 Photos of the Appraised Property 5 Aerial views 7 1-3-5 Mile Location Map 10 1-3-5 Mile Demographic Statistics 11 Sketch of Survey 13 Parcel Identification No. Map 14 Zoning Map & Land Use Map 15 Summary of Important Facts and Conclusions 16 DESCRIPTIONS ANALYSES & CONCLUSIONS 17 I entity of Client and Intended User 18 Intended Use 18 Identification of Real Estate Appraised 18 Ownership 18 Legal Description 18 Real Estate Tax Data 19 Market Area Description 20 Land Use & Zoning 25 Site Description 26 Real Property Interest Appraised 27 Appraisal Purpose and Definition of Market Value 27 Effective Dates of the Appraisal and Report 28 Scope of the Work 28 Summary of Information Considered 29 Property History 30 Highest and Best Use 30 SALES COMPARISON APPROACH-LAND VALUATION 33 Land Sales es Location map 34 Land Sales documentation 35 Land Sales Comparison and Adjustment Chart 62 Valuation by the Sales Comparison Approach 63 FINAL VALUE OPINION 66 Certification and Limiting Conditions 67 ADDENDA 69 Zoning information 70 USPAP Standards Rule 2-2a 78 Qualifications of the Appraisers 81 INTRODUCTION t o-x F, Yom; r T1s STREET SCENE OF NE 1ST STREET, LOOKING NORTH li I I I III � r, r „ r r£ Iri lt,ft 1 ,4s t _ r f f, r ... 4- a ` 3 "t STREET SCENE OF NE 4TH AVENUE, LOOKING WEST 5 ink — my r BOWL � 1 ._ �n ;. STREET SCENE OF NORTH SEACREST BLVD, LOOKING NORTH p � t I r � •-, �-. _ fly r t � r t STREET SCENE OF NE 5TH AVENUE, LOOKING EAST 6 1 a t e r , 5 1 , o- AERIAL VIEW OF THE APPRAISED PROPERTY, LOOKING NORTH , �a „ t ;t, , i v i; m snt, - i i t .44t't AERIAL VIEW OF THE APPRAISED PROPERTY, LOOKING WEST -- ry t u 1 G l t — AERIAL VIEW OF THE APPRAISED PROPERTY, LOOKING EAST ai— k y i S , } q; AERIAL VIEW OF THE APPRAISED PROPERTY, LOOKING SOUTH s A, 4 it n r f I M� f I (r I til I= C I � pp tr i f p 9 � t Iv s 0f �q Warth" R t ti,h Florida ii Lantana s f ( kpt t t " �- ,�' ttrri ep i�aftAy Eli,�iLeh a Kirvapa Paiir%1 �Home 0 4�,�� I. � ighinnd SaAeSh 1-3-5 MILE RADII FROM THE VALUED PROPERTIES 145 NE 4 Avenue Boynton Beach, Florida 10 • Gesn" Prepared by VANCE REAL ESTATE SERVICE 145 NE 4th St, Boynton Beach, Florida, 33435 Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Population 2000 Population 11,649 65,069 155,235 2010 Population 11,943 72,927 171,739 2020 Population 14,168 82,021 189,961 2025 Population 15,795 88,008 201,763 2000-2010 Annual Rate 0.25% 1.15% 1.02% 2010-2020 Annual Rate 1.68% 1.15% 0.99% 2020-2025 Annual Rate 2.20% 1.42% 1.21% 2020 Male Population 49.3% 47.9% 47.6% 2020 Female Population 50.7% 52.1% 52.4% 2020 Median Age 43.1 44.6 47.4 In the identified area, the current year population is 189,961. In 2010, the Census count in the area was 171,739. The rate of change since 2010 was 0.99% annually.The five-year projection for the population in the area is 201,763 representing a change of 1.21% annually from 2020 to 2025. Currently, the population is 47.6% male and 52.4%female. Median Age The median age in this area is 43.1, compared to U.S. median age of 38.5. Race and!Ethnicity 2020 White Alone 48.9% 59.0% 63.8% 2020 Black Alone 43.7% 32.3% 27.1% 2020 American Indian/Alaska Native Alone 0.3% 0.3% 0.3% 2020 Asian Alone 1.1% 1.9% 2.2% 2020 Pacific Islander Alone 0.0% 0.0% 0.0% 2020 Other Race 3.3% 3.7% 3.9% 2020 Two or More Races 2.6% 2.8% 2.6% 2020 Hispanic Origin (Any Race) 15.0% 17.9% 18.3% Persons of Hispanic origin represent 18.3% of the population in the identified area compared to 18.8% of the U.S. population. Persons of Hispanic Origin may be of any race.The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 66.3 in the identified area, compared to 65.1 for the U.S. as a whole. Households 2020 Wealth Index 85 90 106 2000 Households 4,625 28,342 67,943 2010 Households 4,789 31,354 74,199 2020 Total Households 5,772 35,282 81,636 2025 Total Households 6,455 37,852 86,562 2000-2010 Annual Rate 0.35% 1.02% 0.88% 2010-2020 Annual Rate 1.84% 1.16% 0.94% 2020-2025 Annual Rate 2.26% 1.42% 1.18% 2020 Average Household Size 2.45 2.29 2.30 The household count in this area has changed from 74,199 in 2010 to 81,636 in the current year, a change of 0.94% annually. The five-year projection of households is 86,562, a change of 1.18% annually from the current year total. Average household size is currently 2.30, compared to 2.29 in the year 2010.The number of families in the current year is 46,555 in the specified area. Data Note:Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography. August 13, 2020 11 • Gesn" Prepared by VANCE REAL ESTATE SERVICE 145 NE 4th St, Boynton Beach, Florida, 33435 Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Mortgage';Income 2020 Percent of Income for Mortgage 20.9% 17.7% 18.8% Median Household Income 2020 Median Household Income $49,510 $54,400 $56,865 2025 Median Household Income $54,399 $58,412 $61,782 2020-2025 Annual Rate 1.90% 1.43% 1.67% Average Household Income 2020 Average Household Income $76,262 $78,217 $83,010 2025 Average Household Income $84,929 $86,248 $92,023 2020-2025 Annual Rate 2.18% 1.97% 2.08% Per Capita Income 2020 Per Capita Income $31,744 $33,848 $35,802 2025 Per Capita Income $35,399 $37,298 $39,606 2020-2025 Annual Rate 2.20% 1.96% 2.04% Households by Income Current median household income is$56,865 in the area, compared to $62,203 for all U.S. households. Median household income is projected to be $61,782 in five years, compared to $67,325 for all U.S. households Current average household income is$83,010 in this area, compared to $90,054 for all U.S. households. Average household income is projected to be $92,023 in five years, compared to $99,510 for all U.S. households Current per capita income is $35,802 in the area, compared to the U.S. per capita income of$34,136. The per capita income is projected to be $39,606 in five years, compared to $37,691 for all U.S. households Housing 2020 Housing Affordability Index 111 128 120 2000 Total Housing Units 5,725 34,157 81,060 2000 Owner Occupied Housing Units 3,062 20,409 51,405 2000 Renter Occupied Housing Units 1,564 7,933 16,538 2000 Vacant Housing Units 1,099 5,815 13,117 2010 Total Housing Units 6,578 40,170 92,393 2010 Owner Occupied Housing Units 2,883 20,052 51,999 2010 Renter Occupied Housing Units 1,906 11,302 22,200 2010 Vacant Housing Units 1,789 8,816 18,194 2020 Total Housing Units 7,732 43,814 99,236 2020 Owner Occupied Housing Units 3,338 21,507 55,152 2020 Renter Occupied Housing Units 2,434 13,775 26,484 2020 Vacant Housing Units 1,960 8,532 17,600 2025 Total Housing Units 8,545 46,674 104,565 2025 Owner Occupied Housing Units 3,567 22,462 57,279 2025 Renter Occupied Housing Units 2,888 15,390 29,283 2025 Vacant Housing Units 2,090 8,822 18,003 Currently, 55.6% of the 99,236 housing units in the area are owner occupied; 26.7%, renter occupied; and 17.7% are vacant. Currently, in the U.S., 56.4% of the housing units in the area are owner occupied; 32.3% are renter occupied; and 11.3% are vacant. In 2010, there were 92,393 housing units in the area - 56.3% owner occupied, 24.0% renter occupied, and 19.7% vacant. The annual rate of change in housing units since 2010 is 3.23%. Median home value in the area is$255,403, compared to a median home value of$235,127 for the U.S. In five years, median value is projected to change by 2.36% annually to$287,048. Data Note:Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography. August 13, 2020 12 Wn n(tl £N0018e8dSLOl �8gtlEeO08 0ry0I ­HS SZ'l IQA 1'9 t 'IISIOl3OS1OId s tBGI .... NWW `JNtddVIN B`JN(A3A`J(7S LOvLt/YO JJS ._ 8 aN`S31V7 OM 8WOHIAV "1 xe - Amdn8 DIHdvNc)odQ1F AWGNn(>e g - �. tf 13 — _ +<� 3N1S ts4 3N _ � 4 0 m x o r v 3 26'6tr/ M.,£Z.tS,40N r W ti 11 z m 89'Btrl 3..4Z lEot05 o — _ o i t x s e —— = K w i -- J1 •-� 66 Mx9Z LE LON R. e d I^ PF 7 LLX N. xl s;Ir �s. iioA � fr � I Lt 66 9.97H1£>40Svii S1 r W ( — 604 M.9Z.tE,�ON S v I h � m _ KALS&MON w f s 9r5 m r 6Y s 4 i w I" v r � I ` ., I " Gl -.. — -- OWA3inoaiS3N6v3s 3 - m ¢ � 5 " � � 6 > E E _ - l8 c Y m E v P 4 n i La mat ix iso r^ s A5 ; I}, O i tt , r „ 9 I� -- 4' 44 t1 ro � h - I � I 4 a uj ititv{Iss r i , � � i` ` ' t B �Aw q -03c tf,aA 5F�yta,r u�;fiSf � E - , U �S �� � d �� ti^t f:uda, �y,i� �t� � pS�=t�" s��R v i�� � ti S�t\� $''�rl�1 '��, - �{' ;•t,' it, t rq r t ac J � t � ��� t �_ o- �� s.� �•- 4 ikj l SO ZONING MAP ppraised Property fi « ti c r i t Sc a .\itis tu' qyy! G F u« a 0 � 1 " �'.� ��� ,.��}�f{{u t �� �' � � �„ � �� �t�``_s�>`��, .' ��� of '� - � 1, t•': 4 {tt ry FUTURE LAND USE MAP Appraised Property 15 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS PROPERTY APPRAISED: 4.346 acres of vacant land between NE 4t' Avenue & NE 5t' Avenue, east of Seacrest Boulevard to NE lst Street, Boynton Beach, FL 33435 OWNERSHIP: Boynton Beach CRA 100 East Ocean Avenue, Boynton Beach, FL 33435 LAND AREA: 189,290 square feet or 4.346 acres (size from sketch of survey). The property is identified by the Palm Beach County Property Appraiser as 18 parcels and a vacated alley. The Boynton Beach CRA has assembled the parcels to function as one property and constitute the larger parcel of this appraisal. All of the land is listed as having one owner. The parcels are adjacent to each other, with no physical barriers separating them. The highest and best use for the larger parcel is for one unified use of residential. The subject of this appraisal will be referred to as one property. Therefore, the opinion of value is developed for the larger parcel. BUILDING IMPROVEMENTS: None contributing to the highest and best use of the property CURRENT ZONING: "R-2", One & Two Family Residential District FUTURE LAND USE: "MDR", Medium Density Residential APPRAISAL PURPOSE: To develop an opinion of market value INTEREST APPRAISED: Fee simple CURRENT USE: Vacant, except 145 NE 4 Avenue which has an old duplex on the lot that does not contribute to the highest and best use of the property. HIGHEST AND BEST USE: Low density residential use of either detached single family dwellings or townhouses or a mix, with a density of approximately 10 dwelling units per acre VALUE: ONE MILLION EIGHT HUNDRED NINETY-THREE THOUSAND DOLLARS 1 893 000 VALUATION DATE: August 10, 2020 Exposure Time: 12 months prior to selling at the appraised value Marketing Time: 12 months immediately following the effective date of appraisal during which time the subject property could sell at the appraised value 16 DESCRIPTIONS, ANALYSES, CONCLUSIONS APPRAISAL REPORT This is an APPRAISAL REPORT that complies with Standard Rule 2-2(a) of the Uniform Standards of Professional Appraisal Practice (USPAP 2020 - 2021) 2-2(a)(i) State the identity of the client; The client and intended user of this report is the Boynton Beach Community Redevelopment Agency. 2-2(a)(ii) State the identity of any other intended users by name or type; None 2-2(a)(iii) State the intended use of the appraisal; The intended use of the appraisal is for possible sale of the appraised property. 2-2(a)(iv) Contain information, documentation, and/or exhibits sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic property characteristics relevant to the assignment; Ownership: Boynton Beach Community Redevelopment Agency 100 East Ocean Avenue Boynton Beach, FL 33435 Property Appraised: 4.346 acres of vacant land between NE 4th Avenue & NE 5th Avenue, east of Seacrest Boulevard to NE 1st Street, Boynton Beach, FL 33435 Legal Description: Complete legal description on the sketch of survey, listed as the 18 parcels comprising the larger parcel which is the appraised property. Census Tract No. 61 18 APPRAISAL REPORT (continued) Real Estate Tax: Boynton Beach Community Redevelopment Agency (BB CRA) owns the appraised property, exempting it from taxation. Thus, no real estate tax is paid by the property owner. When a property is exempt from taxation, the market value assigned to it by the county appraiser may not be current or accurate. Following are real estate tax data about the 18 parcels in the appraised property. Parcel Control Number Appraised Value Assessed Value 08 43 45 2128 0010010 $21,000 $12,035 08 43 45 2128 0010020 21,000 9,664 08 43 45 2128 0010031 21,000 9,664 08 43 45 2128 0010041 21,000 9,664 08 43 45 2128 0010061 21,000 9,664 08 43 45 2128 0010071 21,000 9,664 08 43 45 2129 003 0011 21,000 16,789 08 43 45 2129 003 0013 21,000 16,789 08 43 54 2129 003 0012 21,000 11,693 08 43 45 2129 003 0020 105,000 48,718 08 43 45 2129 003 0032 21,000 9,354 08 43 45 2129 003 0033 105,000 32,210 08 43 45 2129 003 0034 35,700 27,929 08 43 45 2129 003 0041 35,700 27,929 08 43 45 2129 003 0051 21,000 9,664 08 43 45 2129 003 0081 21,000 9,664 08 43 45 2129 003 0071 23,100 11,693 08 43 45 2129 003 0014 111,760 106,404 Total $668,260 $379,837 Flood Zone: Zone "X", according to Map Numbers 12099C0787F, 789F, 791F, 793F. Zone "X" is not in a Special Flood Hazard Area. 19 APPRAISAL REPORT (continued) Market Area Description: Boundaries and Market Composition & Transportation Infrastructure The general market area is the City of Boynton Beach in eastern-central Palm Beach County. Population of the city is about 72,000 residents; land area of the municipality is about 16 square miles situated between Delray Beach on the south and Lake Worth on the north. The town was named for an early developer, Nathan Boynton, a former major in the Union Army in the Civil War. The city was founded in 1898 and incorporated in 1920. Most of the original buildings were destroyed in the hurricane of 1926, though a few remain. Those few which were constructed in the early 1920s that are still in use have had repairs and replacements over the decades changing their historical significance. Time and economic trends take a toll on properties; thus, in 1984 a redevelopment plan was adopted for the Community Redevelopment Area (CRA) in the city. It covers 1,650 acres in the central part of the municipality west of the Intracoastal Waterway. Agriculture and farming had been important activities in past centuries in Boynton Beach. Commerce came to the area when Henry Flagler extended the Florida East Coast Railway from West Palm Beach to Miami in 1896. The railroad was the main mode of transportation to bring visitors and manufactured products to the town as well as transporting produce grown in the vicinity out of the area to other cities in the southeastern United States. Freight trains still run through the subject market area on the FEC tracts. Higher speed, passenger Brightline train runs along the FEC tract, but does not stop in Boynton Beach. There are three depots with one in downtown Miami, one in downtown Fort Lauderdale and the third in downtown West Palm Beach. Boca Raton, Palm Beach County, and Aventura and the Port of Miami, Miami-Dade County will be the next depots. In the future, there may be commuter rail service along the FEC tracks with a station in downtown Boynton Beach; however, no plans have been announced. 20 APPRAISAL REPORT (continued) The immediate subject market area is one of the Boynton Beach CRA redevelopment districts known as the Heart of Boynton (HOB), containing 380 acres. This area is the historic, older part of the district with the following boundaries: Boynton Beach Canal (C-16) on the north, Florida East Coast (FEC) Railroad on the east, Interstate 95 on the west, and jagged line a few blocks north of Boynton Beach Boulevard as the south boundary, at about NE 3 Avenue. Within the HOB, is the "Cottage District", named for the architectural style of a few remaining older homes, and is the location of the appraised property. Boynton Beach Boulevard is the principal east-west artery in the subject market area, having an interchange with Interstate 95 on the west side of the neighborhood. The boulevard continues west through Palm Beach County to its terminus at State Road 7/ U S Highway 441. Two miles east of State Road 7, it has an interchange with Florida's Turnpike. Boynton Beach Boulevard commences on the east at U S Highway 1, just to the east of the FEC Railroad. To the east of the FEC Railroad is U S Highway 1, also known as Federal Highway, the main north-south artery through eastern Palm Beach County and extends along the eastern seaboard of the United States. Heavily trafficked Federal Highway is a catalyst to redevelopment of the general market area, with over 2,300 residential dwelling units in five projects either built or planned. Highway beautification projects enhanced the aesthetics of the market area. Individual properties on the east and west side of the highway have shallow depths, inhibiting redevelopment of the sites with larger commercial projects. Assemblages of adjacent properties and rezoning to mixed use will continue to facilitate revitalization of the subject market area. Seacrest Boulevard is a main north-south artery through the City of Boynton Beach and south into Delray Beach. Martin Luther King, Jr. Boulevard is an east-west thoroughfare through the Heart of Boynton. The immediate subject market area is easily accessible by main roads and Interstate 95. Property types in the Heart of Boynton are smaller commercial establishments along the main roads, light industrial close to the FEC Railroad, municipal facilities, single family residential, small multi-family dwellings, a few apartment buildings and places of worship. 21 APPRAISAL REPORT (continued) As mentioned, some structures date back to the 1920's, but most which are still usable were built in the mid-twentieth century. Municipal facilities in the immediate subject market area include parks, two elementary schools and a community center. Projects completed in the Heart of Boynton are: • Seacrest Boulevard Streetscape • Carolyn Sims Center • Ocean Breeze West - 21 homes joint venture with Habitat for Humanity • Construction of single family residences on Martin Luther King, Jr. Boulevard Projects in progress are: • High density residential buildings and commercial buildings on Martin Luther King, Jr. Boulevard • Redevelopment of the Public Works site • Establishment of mixed use districts of residential and commercial • Expansion of light industrial near the FEC Railroad • Construction of new single family residences on NW 11 Avenue, west of Seacrest Boulevard. • Enhancements to Sara Sims Park including landscaping, pavilions, picnic facilities, lighting and security. Population Trends The demographic survey in the beginning of the report of 1, 3, and 5 mile radial circles from the appraised property shows the median household income for 2020 in the one-mile radius is $49,510, for three miles it is $54,400, and $56,865 for the five mile circle. Median household income for Palm Beach County is $54,400. In the one-mile circle, population is 14,168. In three miles, population increases to 82,021; at five miles, it is 189,961. However, about one-third of the three and five mile circles are over the Atlantic Ocean and waterways. Annual growth rate is anticipated to be 1.21% to 1.42% in the 3 and 5 mile circles, during the next five years as the economy and job market recovers in South Florida. Growth rate is projected to be 2.20% in the one mile circle due to the construction of several new residential projects. 22 APPRAISAL REPORT (continued) In the market area, 56% of the housing units are owner occupied, with 27% rented. This percentage of renters is high for Palm Beach County because there are numerous multi-family dwellings in this vicinity. Vacancy is reported to be 17%; however, this amount is elevated due to the undercount of the other two categories as some residents are seasonal and not counted. Median home value in the five-mile area is $255,403 including the highly priced homes fronting the Atlantic Ocean and Intracoastal Waterway, compared to median home value of$235,127 in the United States. Economic Trends In South Florida, as in the rest of the United States, real estate prices climbed from 2003-2006. In 2007-2008, concerns were expressed about an unsustainable upward price trend in the market. Then, the economic collapse came in fall of 2008 along with the crash in real estate prices. In 2009, there were very few sales of any type of real estate. By 2010, it appeared that the worst was over. Cash buyers started making purchases. From 2013 to present, sales activity and prices recuperated. The upswing in prices is due in part to scarcity of developable land, especially in the eastern part of the county. Properties are back to pre-crash prices; even properties with secondary characteristics attract buyers. The life cycle stage of the general market area is revitalization, a period of renewal, modernization and increasing demand. Revitalization in the CRA is taking place along US Highway 1, in the part of the corridor near Ocean Avenue and Boynton Beach Boulevard with projects such as 500 Ocean, consisting of 341 residential units, 20,000 square feet of retail space and 6,000 square feet of office. Ocean One at 114 N Federal Highway is planned for 358 apartments, 12,075 square feet of retail, 120 hotel room and 439 parking spaces. The Villages at East Ocean Avenue were approved for 371 dwelling units, 15,757 square feet of commercial space, plaza, 644- space parking garage, et cetera. At 623 S Federal Highway, The Club of Boynton Beach is a six-story, 87 unit assisted living facility and memory care facility. Earlier in the 2000s, the property was to be developed with a condominium; however, the recession halted those plans. At 2923 S Federal Highway, Daniel Heart Center is replacing an old strip store center by renovating the buildings. 23 APPRAISAL REPORT (continued) Town Square, a major redevelopment project to the west of Federal Highway is under construction in three sections extending from the south side of Boynton Beach Boulevard south to SE 2 Avenue, encompassing 16.5 acres of land. The north section covers the area of the old city hall and police station which were demolished and removed. The project consists of the following: • North parcel —225 residential units, 120 hotel rooms, 65,000 square feet of office/ retail space and 927 space parking garage • Middle parcel—200 residential units, 18,887 square feet of retail space • South parcel — 280 residential units, 820 space parking garage, 4,000 public space Included in the project are spaces for a new city hall, police station, fire station and park. Renovation of the historic high school is part of the project. In the Heart of Boynton CRA district, Ocean Breeze East is under construction at 700 North Seacrest Boulevard. The development is an affordable apartment project containing 123 units, retail space, clubhouse and swimming pool. The project came about by the Boynton Beach Community Redevelopment Agency selling the land and the Florida Housing Finance Corporation and TD Bank providing the financing. Also in the Heart of Boynton CRA district will be apartments and retail buildings on Martin Luther King, Jr. Boulevard east of Seacrest Boulevard. There will be 125 residential units, 8,530 square feet of commercial space and 218 surface parking spaces. Part of the land was transferred from the Boynton Beach CRA to Wells Landing Apartments, LLC. Wells Landing purchased four parcels from a private property owner to complete the site for the new project. Funding for the project was awarded to the property owner from the Florida Housing Finance Corporation. Conclusion The town's redevelopment goal is to transform Boynton Beach from a retirement community to a vibrant city where residents can enjoy living and working in an attractive setting. Boynton Beach Community Redevelopment Agency is instrumental in the renaissance of the city. 24 APPRAISAL REPORT (continued) The immediate subject market area of the Heart of Boynton (HOB) has the components of an appealing neighborhood with schools, parks and recreation. HOB is easily accessible by main roads and Interstate 95. Goods and services are nearby on Boynton Beach Boulevard and U S Highway 1. With the involvement of the City of Boynton Beach and the Community Redevelopment Agency, Heart of Boynton Community Redevelopment Plan can continue to succeed in revitalizing the area. The transformation of the area is in progress. Development of real estate takes time and the right market conditions which have been positive. Upward price trend for property in the subject market area will resume when the economy stabilizes and there are visible signs that projects are moving forward. Land Use: "MDR", Medium Density Residential, maximum density 9.58 dwelling units per acre Zoning: "R-2", One & Two Family Residential District in the city of Boynton Beach, with the purpose to implement the medium density residential future land use map classification of the comprehensive plan. Excerpts from zoning ordinances are in the Addenda. The intent of the district is to stabilize and protect existing residential neighborhoods with density no greater than 10 dwelling units per acre, and allow limited types of non-residential uses. Minimum lot area is 4,500 square feet per unit for a duplex; minimum lot frontage is 75 feet. However, there is a provision for a site with two lots platted prior to the enacting of the current zoning regulation to be improved with a duplex. Single family dwellings shall be constructed on lots that are no less than 6,000 square feet with a width of at least 60 feet and follow the building and site regulations of the "R-1", Single Family District. 25 APPRAISAL REPORT (continued) Site Description: Size and dimensions of the appraised land are from the sketch of survey included earlier in the report prepared by Avirom & Associates, Inc., dated May 4, 2020. The shape of the site is irregular. North boundary of the site is NE 5 Avenue. East boundary of the site is NE 1 Street. South boundary of the site is NE 4 Avenue. West boundary of the site is Seacrest Boulevard. Land size is 189,290 square feet or 4.346 acres. Utilities: All utilities are available to the site. Access: The site is accessible via NE 1 Street, NE 4 Avenue and NE 5 Avenue, each being two-laned local roads. Seacrest Boulevard is on the west side of the site, with four traffic lanes, sidewalks, curbs, and landscaped median. Easements: Easements are noted on the sketch of survey. Improvements: There are no structural improvements on the site which have a contributory value to the property. An old duplex is still on 145 NE 4 Avenue, but has no value to the property. Environmental Assessment: The appraisers were not provided with a Phase I Environmental Site Assessment to review. 26 APPRAISAL REPORT (continued) 2-2(a)(v) State the real property interest appraised; A person who owns all the property rights is said to have fee simple title. A fee simple title implies absolute ownership unencumbered by any other interest or estate. Partial interests in real estate are created by selling, leasing, et cetera. Partial estates include leased fee and leasehold estates. The interest appraised is fee simple. 2-2(a)(vi) State the type and definition of value and cite the source of the definition; The purpose of the appraisal is to develop an opinion of market value of the subject property as of August 10, 2020. MARKET VALUE: a type of value, stated as an opinion, that presumes the transfer of a property (i.e., a right of ownership or a bundle of such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable in an appraisal. The conditions included in market value definitions establish market perspectives for development of the opinion. These conditions may vary from definition to definition but generally fall into three categories: 1. the relationship,knowledge, and motivation of the parties(i.e.,seller and buyer); 2. the terms of sale(e.g.,cash,cash equivalent,or other terms);and 3. the conditions of sale(e.g., exposure in a competitive market for a reasonable time prior to sale). Market value appraisals are distinct from appraisals completed for other purposes because market value appraisals are based on a market perspective and on a normal or typical premise. These criteria are illustrated in the following definition of Market Value*, provided here only as an example. Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions as follows. 1. buyer and seller are tvpically motivated 2. both parties are well informed or well advised and acting in what they consider their own best interests; 3. a reasonable time is allowed for exposure in the open market; 4. payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and S. the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. 27 APPRAISAL REPORT (continued) * This example definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform,Recovery, and Enforcement Act(FIRREA)of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Union Administration(NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994,and in the Interagency Appraisal and Evaluation Guidelines,dated December,2010. Florida Court Definition: "Market Value is the price that a seller willing, but not compelled to sell, and a buyer willing, but not compelled to buy, would agree to in fair negotiations with knowledge of all the facts." [Source: Fla. Power & Light Co., v. Jennin,%,Ys, 518 So.2d 895 (Fla. 1987)] 2-2(a)(vii) State the effective date of the appraisal and the date of the report; A) Effective Date of the Appraisal: August 10, 2020 B) Date of the Report: August 10, 2020 2-2(a)(viii) Summarize the scope of work used to develop the appraisal; The appraisal problem is to develop an opinion of value of the property based on its highest and best use. The appraisers inspected the property and photographed it. A thorough investigation was made into the physical characteristics of the property that could affect its value. The market area was surveyed to determine its stage of the life cycle. Research was conducted to ascertain economic factors that might influence value. Data research consisted of collecting, confirming, and reporting sales of land sales. The process included searches and analyses, inspections and confirmations, and final reporting. The appraiser examined several sources of sales data, including Costar Group, Corelogic, Realquest, Loopnet, Palm Beach County Property Appraiser records, the public records, and data from the appraisers' plant. 2-2(a)(ix) Summarize the extent of any significant real property appraisal assistance; The two signatory appraisers are the only people involved in the appraisal process. 28 APPRAISAL REPORT (continued) 2-2(a)(x)(I) Summarize the appraisal methods and techniques employed; (2) State the reasons for excluding any of the valuation approaches; (3) Summarize the results of analyzing the subject sales, options and listings; (4) State the value opinion and conclusion (5) Summarize the information analyzed and the reasoning that supports the analyses, opinions, and conclusions For Sales Comparison Approach, land sales are compared to each other and to the property under appraisement to arrive at an opinion of value. The information analyzed and the appraisal method used is detailed in the valuation section of the report. Further, the reasoning that supports the analyses, opinions, and conclusions is explained in the valuation section. Cost Approach is not used because no structures were considered in the valuation. The Income Approach is not employed in this appraisal because most sites like the subject are purchased and not leased. Exclusion of these approaches to value still produces a creditable report. The value opinion and conclusion is stated at the end of the Sales Comparison Approach—Land Valuation. SR I-5 When the value opinion to be developed is market value, if such information is available in the normal course of business: a) analyze all agreements of sale, options, or listings of the subject property current as of the effective date of the appraisal; and There are no known agreements of sale or options of the subject property as of the effective date of the appraisal. Boynton Beach Community Redevelopment Agency (BB CRA) is offering the entire property for sale by issuing an RFP (Request for Proposal). BB CRA has issued RFPs for this property in the past, obviously without an acceptable response which culminated in a sale. 29 APPRAISAL REPORT (continued) b) analyze all sales of the subject property that occurred within the three (3) years prior to the effective date of the appraisal. Boynton Beach Community Redevelopment Agency acquired the 17 of the 18 parcels constituting the appraised property from April, 2007 to May, 2015 for a total of $3,101,500. When purchased some of these properties were improved with residences that were later demolished. The most recent acquisition for the assemblage was 145 NE 4 Avenue for $205,000. The property was improved with a duplex which was converted to a private community help center. In addition to the price being representative for the real estate, it also included funds for other expenses the seller would incur in moving from the property. 2-2(a)(xi) State the use of the real estate existing as of the effective date and use of the real estate reflected in the appraisal; The use of the real estate on the date of valuation is vacant land, and it is this use which is reflected in the appraisal. No personal property is included in the valuation. 2-2(a)(xii) When an opinion of highest and best use was developed by the appraiser, state that opinion and summarize the support and rationale for that opinion; HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Physically Possible as Vacant The land appraised consists of most of a block with roads bordering the four sides. Three properties are excluded from the block, giving an irregular shape to the parcel. Land size is 189,290 square feet or 4.346 acres. The parcel is level and filled to street grade. All utilities are available to the site. Physical constraint to develop the site is its size which governs the number of potential improvements which can be placed on it. 30 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Legally Permissible as Vacant Legal restrictions to the development of the site consist of land use designation, building and zoning codes, platting restrictions and restrictive covenants. Current Land Use designation is medium density residential, maximum density of 9.58 dwelling units per acre. Zoning is "R-2", One- family and Two-family Residential District in the City of Boynton Beach. Maximum number of dwelling units per lot in "R-2" district is two if the lot size meets current code. There is another zoning provision permitting two dwellings to be constructed if there are two lots platted prior to the current code. The entire site may have the potential of being improved with 30-34 detached units or 38-45 attached unit. A third possibility is a mix of detached and attached units for a total of about 40 units. Boynton Beach officials make the decisions as to permitted density. The Boynton Beach CRA future land use plan for the appraised land and surrounding blocks is for High Density Residential of 11 dwelling units per acre. A change in the comprehensive plan is required for the implementation of a new land use. Financially Feasible as Vacant The third test of Highest and Best Use is economic feasibility. Demand for a certain property type must be evident for it to be feasible. For it to be financially feasible, the use must be marketable and provide the investor with a competitive return when compared with alternate uses. The immediate subject market area has been improved with single-family residences and small multi- family dwellings for almost 100 years. Residences come to the end of their economic lives, improvements are razed and the sites are redeveloped with modern structures. There are examples of this cycle throughout the subject market area. New redevelopment projects in the subject vicinity are Ocean Breeze West with 21 homes, Eastview Park with market rate houses ranging from $255,000 to $300,000 constructed by D R Horton, and four new houses on West Martin Luther King, Jr. Boulevard sold from $166,000 to $195,000. Habitat For Humanity will be constructing single family residences on NW 11 Avenue. Further, there are the new multi-family residential projects on Martin Luther King, Jr. Boulevard and Ocean Breeze East on Seacrest Boulevard. 31 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Although, the land appraised might be able to be improved with two dwelling unit structures, there are no new duplexes being constructed in the subject market area. The existing duplexes date back to the 1950s and 1960s, with small, functionally obsolete units. Single family homeownership is encouraged to build the community with permanent residents rather than populate it with transient occupants. As mentioned, community organizations are constructing single family homes and selling them to people who will reside there. Financial assistance to the buyers is facilitating this plan. Financially feasible use of the land under appraisement is to improve it with a unified project of approximately 40 dwelling units. The most probable buyer would be a regional investor in affordable housing who is capable of qualifying for financing for the project from the Florida Housing Finance Corporation. Time for development is now while the market area is in the life cycle stage of revitalization and the Boynton Beach CRA is in support of new proj ects. Maximally Productive as Vacant In summary, the Highest and Best Use of the property appraised is for a residential project of approximately 40 dwelling units. Such uses would be physically possible, probably legally permissible, financially feasible and maximally productive. 2-2(a)(xiii) Clearly and Conspicuously: State all extraordinary assumptions and hypothetical conditions; and state that their use might have affected the assignment result. There are no extraordinary assumptions or hypothetical conditions in this report. 2-2(a)(xiv) Include a signed certification in accordance with Standards Rule 2-I See signed certification in report. 32 SALES COMPARISON APPROACH LAND VALUATION ~1 LAND SALE LOCATION MAP 7q Y a 1a.ce�#'# k1s . .Nlatth Paltu Bea€h l E LyL,ti � �I 710 SALE 2 i B1 w i QjPalm Beach SALE 1 iO4 ^' j Alli �j�2.f(f3 f}2!a�h �axahatchee 3 7 a a �L 451 SALE t 3 91 � 9 iZ l o SUBJEC 411 441 SO4 �m` _�'">� __..__�-�—.SO4 ntoH SCh SALE 3 3 1 i'( 91- I �➢ ( 9 ii r s , 0 _ Data use subject to license. mi 0 DeLorme DeLorme Street Atlas USAO2049. 0 1 2 3 4 5 uww..delorme.com MN(0.9-W) Data Zoom 1a-0 34 VACANT LAND SALE SALE NO. 1 LEGAL DESCRIPTION Lengthy legal description. See deed. RECORDED O. R. Book 31079,page 1168,Palm Beach County,FL GRANTOR FOP Jim Fogelman Lodge 450 Foundation Inc. GRANTEE Meritage Homes of Florida,Inc. DATE OF SALE December 6,2019 LOCATION 6288 Belvedere Road Unincorporated Palm Beach County,FL ZONING "RS",Residential Single Family Residence Rezoned to permit townhouses,paid for by the grantee DENSITY 10.35 dwelling units per acre SALE PRICE $1,900,000 PROPERTY DESCRIPTION Land size: 286,189 square feet, 6.57 acres UNITS OF COMPARISON $6.64 per square foot PARCEL CONTROL NO. 00 42 43 27 05 005 0032, 0033, 0036 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMATION Simon Lipton,real estate broker for grantee COMMENTS Grantor used the property for a meeting hall and grounds. The existing building did not have any contributory value to the sale price. It will be demolished and removed to make way for the new project of 68 townhouses called Catalina Townhomes. 35 CFN 20190449603 OR BK 31079 PG 1168 RECORDED 12/10/2019 09:20:08 Palm Beach County, Florida AMT 1,900,000.00 DEED DOC 13,300.00 THIS INSTRUMENT SHOULD Sharon R. Bock CLERK&COMPTROLLER BE RETURNED TO: Pgs 1168-1172; (5Pgs) ge Homes of Florida . Raintree Drive, Suite 300 S It, Arizona 85260 Atcm: Florida Regional Counsel 0 TAX P LID.NO.: 00-42-43 5-005-0032 00-42-43-2 005-0033 00-42-43-2 05-0036 WARRANTY DEED 0 THIS WA TY DEED, made and executed on December , 2019, by FOP JIM FOGLEMAN LOD #50 FOUNDATION INCORPORATED, a Florida not-for-profit corporation (hereinaft erred to as the `"Grantor"), whose address is 3175 S. Congress Avenue, #304, Palm S FL 33461, to MERITAGE HOMES OF FLORIDA, INC., a Florida corporation (here' P referred to as the "Grantee"), whose address is 5337 Millenia Lakes Blvd,Suite 235,Orl 32839. Wherever used hereinerm "grantor" and "grantee" include all the parties to this instrument and the heirs, legal tatives and assigns of individuals, and the successors and assigns of corporations, partners :-ncluding joint ventures, public bodies and quasi-public bodies) (., a WITNESSETH: THAT G114H11r and in consideration of the sum of TEN AND NO1100 DOLLARS ($10.00) and ofr d and valuable consideration, the receipt and sufficiency of which are hereby acknow ge , does hereby grant, bargain, sell,alienate, remise, release,convey, and transfer unto Grantee, all of that certain land lying and being in the County of Palm Beach County, State of Florida, to-wit: See Exhibit"A"attached hereto and made a part hereof by reference (hereinafter referred to as the"Property"). TOGETHER with all buildings, structures, and improvements thereon and all of the rights, privileges, appurtenances, hereditaments, easements, reversions, and remainders pertaining to or used in connection therewith, including, without limitation, all (i) development and concurrency rights and credits, impact fee credits, prepaid fees, air rights, water, water rights, water stock, water capacity, sewer, wastewater and re-use water rights, sewage treatment capacity, other utility capacity and rights, concurrency certificates, approvals, and permits relating thereto, (ii) strips and gores, streets, alleys, easements, rights-of-way, public ways, or other rights appurtenant, adjacent, or connected thereto, and (iii) minerals, oil, gas, and other hydrocarbon substances in,under, or that may be produced therefrom. 02656378.v l 36 CFN 20190449603 BOOK 31079 PAGE 1169 2OF5 TO HAVE AND TO HOLD the same in fee simple forever. FURTHER, Grantor hereby covenants with and warrants to Grantee that Grantor is ja y seized of the Property in fee simple; that Grantor has good, right and lawful authority to 1 convey the Property, and hereby fully warrants the title to the Property and will defend th gainst the claims of all persons whomsoever, and that the Property is free and clear of all a brances except: (i) taxes for the year of this instrument and thereafter; (ii) zoning and other regrictions, conditions, or requirements now or hereafter imposed by governmental autho ' d(iii)without re-imposing same,those matters appearing on Exhibit`B"attached an hereto this reference made a part hereof. INSS WHEREOF, Grantor has caused this Warranty Deed to be duly executed as of the day first above written. Signed, sealed ancgpvered FOP JIM FOGLEMAN LODGE#50 in our presence: FOUNDATION INCORPORATED,a Florida rA: V!-c--, rporation ge: ✓ N ��& sl re Itness Title: d,res rte" D rint signature of Second witness STATE OF COUNTY OF The foregoing instrument was acknowledged before me this day of Dazau4&r 2019, by Istfs &Oep , as Kasld ea+ of FOP JIM FOGLEMAN LODGE #50 FOUNDATION INCORPORATED, a Florida not-for-profit corporation,on behalf thereof. He/She [ ] is_ rsonally known to me,or [ ] produced as identification. :7jJOM GARWK Print ame: •V64sAic W 00WASSM r Coco = Notary Public-State of Florida at Large EXPM8 Apt 11.2421 Commission No.: My Commission Expires: [Affix Notary Seal] 2 02656378.v I 37 CFN 20190449603 BOOK 31079 PAGE 1170 3OF5 EXHIBIT"A"TO DEED LEGAL DESCRIPTION OF PROPERTY XAoonTract 3 in Block 5, according to the Map of Palm Beach Farms Company Plat No. the Office of the Clerk of the Circuit Court in recorded in Plat Book 2, Page 45 nclusive, Palm Beach County,Florida, more particularly described as follows: The feet of the East 397.67 feet of the North 326.84 of Tract 3, (LESS the East 132.3 And 0 Parcel 0 For a beginning %tartthe Southeast comer of Tract 3, Block 5, according to the Map of Palm Beach Farmslat No. 3,on file in the Office of the Cleric of the Circuit Court in recorded in Plat Bo45 through 54, inclusive, Palm Beach County, Florida, and run North along the Easof said Tract 3, a distance of 484.68 feet; thence West 135.2 feet to a point of beginn ° Thence run West 132.2 feet take;thence 352.54 feet North to approximately the center line of a canal; thence along said r line South 88° East, a distance of 132.4 feet; thence South 326.94 feet to point of beginnin And 0' Parcel 3 A parcel of land in Tract 3, Block 5, according to the Map of Palm Beach Farms Company Plat No. 3,on file in the Office of the Clerk of the Circuit Court in recorded in Plat Book 2, Page 45 through 54, inclusive,Palm Beach County, Florida,more particularly described as follows: From the Southwest corner of said Tract 3, thence East along the South line of said Tract a distance of 262.00 feet, more or less, to a point on the East line of the West 5 acres of said Tract 3, said point being the Point of Beginning of the parcel herein described; thence North parallel to the West line of said Tract 3, along the East line of the West 5 acres of said Tract 3, a distance of 484.68 feet; thence East parallel to the South line of said Tract 3, a distance of 262.33 feet to a point 135.2 feet West of the East line of Tract 3; thence North parallel to the west line of said Tract, a distance of 326.45 feet to the North line of said Tract 3, thence East along the North line of said Tract 3, a distance of 135.34 feet, to the Northeast corner of said Tract; thence South along the East line of said Tract 3, a distance of 805.00 feet, to the Southeast corner of said Tract 3; thence West along the South line of said Tract, a distance of 397.53 feet, to the Point of Beginning, Less and Except road right of way recorded May 17, 1990 in Official Record Book 6456, Page 197; recorded October 20, 1992 in Official Record Book 7441,Page 123 and recorded October 20, 1992 in Official Record 7441,Page 205. 3 02656378.v I 38 Eta, r it �, � ♦�i (} � ����* Z E > 00 , 0 �li`ii, M I it r � � 5 �M'` 16 R� r t a �nY „� � i +lrt ���?ti7 ar s� �, t, r 4 Fp}} t VACANT LAND SALE SALE NO. 2 LEGAL DESCRIPTION Lengthy legal description. See deed. RECORDED O. R. Book 30980,page 1103,Palm Beach County,FL GRANTOR Samuel Dosdourian et al GRANTEE The Children's Place at Home Safe,Inc. DATE OF SALE October 23,2019 LOCATION 5108-5162 North 47 Place West Palm Beach, FL ZONING "MF-14",Multi-family, 14 dwelling units per acre DENSITY 14 dwelling units per acre SALE PRICE $1,200,000 PROPERTY DESCRIPTION Land size: 161,860 square feet, 3.72 acres UNITS OF COMPARISON $7.41 per square foot PARCEL CONTROL NO. 74 42 43 11 01 015 0040, 003, 002 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMATION John Beall, listing real estate broker COMMENTS This property was purchased to construct a group home complex for children. Changes required for that use will be paid for by the grantee. Existing structures do not have a significant contributory value to the sale price. 40 CFN 20190392622 OR BK 30980 PG 1103 RECORDED 10/25/2019 09:08:33 Palm Beach County, Florida AMT 1,200,000.00 DEED DOC 8,400.00 This instrument prepared by. Sharon R. Bock Daniel J.Shepherd,Esquire CLERK&COMPTROLLER Daniel J.Shepbierd,PA Pgs 1103-1106; (4Pgs) 38"ums Road,Suite 101 Gardens,Florida 33410 74hum 19-842-06 Paber 74-42-43-11-01-015-0040 744-42-43-11-01-015-0030 074-0243-11-01-016-0020 Consid,era $1,200,000.00 0 —]Space Above This Line For Recording Purposes] ---- ---- 0 WARRANTY DEED T1HLS WARRANTYIZ made effective the 23rd day of October, 2019, by and between Samuel S. Dosdourian and .L. Dosdourian, husband and wife, Grantor, whose post office address is 404 Kelsey Park Beach Gardens, Florida 33410, and The Children's Place At Home Safe, Inc., a Floridafit corporation, Grantee, whose post office address is 2840 6th -Aven4e South,Lake Worth,F 4636 RiTNESSETH: That the Gran r and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other valuable coni whereof is hereby acknowledged, hereby grants, bargains,sells,aliens,remises,releases, n confirms unto the Grantee,all that certain land situate in PaAm]Beach County,Florida,to wit: See Exhibit "A" attached hereto; said lands situate, lying and being in Palm Beach. County,Florida_ SUPJECT TO restrictions,reservations,covenants,easements of record,without reimposing same, and taxes for the year 2019 and subsequent years. TOGETHER with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. TO HAVE AND TO HOLD,the same in fee simple forever. page 1 41 CFN 20190392622 BOOK 30980 PAGE 1104 2OF4 tANDI the Grantor hereby covenants with said Grantee that the Grantor is lawfully seized of said mple;that the Grantor has good right and lawful authority to sell and convey said land;that the by fully warrants the title to said land and-will defend the same against the lawful claims of all msoever; and that said land is free o€all encumbrances, except taxes accruing subsequent to 72018. . o 7&NESS WHEREOF,the Grantor has signed and sealed these presents the day and year first above wrxit Signed in the (Print or type names es) 2.......................................... signetyne-t^arnr Samuel S. osdour7ian Danie13 (Prioaed Name-I'Mitres) O r -(si(cU%_-2°"VH-b—) V, bnri4rle- e2 (PmnedNew-Y°Wkwa) n STATE OF FLORIDA COUNTY OF PALM BEACH I hereby certify that on this day before me,an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgements, personally appeared Samuel S. Dosdourian,to me well known and that he severally acknowledged executing the same in the presence of two subscribing witnesses freely and voluntarily and that he did not take an oath and is personally known to me;or has produced as identification to me. WITNESS my hand and official seal in the County and State last aforesaid this 2 day of Sepftmbaiae2,2019. r No blic My Commission Expires: DANiEU,SHEPHERD MY COMMISStQPi t GG 078224 `z EXPIPM March 13,MI MOW Thm W V Pue6c t3ndW~ 42 CFN 20190392622 BOOK 30980 PAGE 1105 3OF4 Si in the presence of _ P type names below fines) P 'cia L.Dosdourian ( toe Nam-►°w' ? (signature-Y°Wttness (Printed Name-2d Witness) Q STATE OF NEW YORKO COUNTY OF VV R,—, I hereby certify that on tlufore me,an officer duly authorized in the State aforesaid and in the County aforesaid to take ackno �ts,personally appeared Patricia L.Dosdonrian,to me well known and that she severally a Inn 1 executing the same in the presence of two subscribing witnesses freely and voluntarily and that d not take an oath and is personally known to m� has produced—V�i 9 a hS 1 i c e1>45.2 as identification to me. WITNESS my hand and official seal in the County and State last aforesaid this�day of "timber,2wafty�019� .. r�.StBIR �,_ �b Cation Exp WN in n �+ Notary Public . aw My Commission Expires Page 3 43 CFN 20190392622 BOOK 30980 PAGE 1106 4OF4 E)CMI T"A" LEGAL DESCRIPTION pp O Parcel 1v:�, The West fj.443 of the East 265.0 feet of the North half(N 112)'of Tract 15, Subdivision of Section 11, South, Range 42 East, Palm Beach County, Florida,as.recorded in Plat Book 20, Pag lic Records of Palm Beach County, Florida; said lands situate, lying and being in Palm Bounty,Florida- Parcel 2 lorida.Parcell D The East 132.5 feet ofhalf(N 112) of Tract 15, Subdivision of Section 11,Township 43 South, Range 42 East, P ° h County, Florida, as recorded in Plat Book 20,Page 53,Public Records of Palm Beach Co rida; said lands situate,lying and being in Palm Beach County, Florida: Parcel 3 Ob The West 244 feet of the North hal&21 f Tract 16, as shown on the plat of Subdivision of Section 11, Township 43 South, RanPalm Beach County,Florida, according to the plat thereof on file in the office of the Ciircuit Court in and for Palm Beach County,in Plat Book 20, Page 53, said lands situate, lying and being in Palm Beach County, Florida_ ?age 4 44 a� lir'�„�ti� k1'r •rill` �� � '� �, ���+ �� � i �1� gs�Srp"PH IIILIJ r k} r}l1 .. _ 1c �s �.. m wa s yy� Ua w y s N r, i r fir; s , s i i 77 VACANT LAND SALE SALE NO. 3 LEGAL DESCRIPTION Lengthy legal description. See deed. RECORDED O. R. Book 31431,page 1454,Palm Beach County,FL GRANTOR Andrew Podray GRANTEE Barwick 40 Delray LLC DATE OF SALE May 12, 2020 LOCATION 13038-13132 Barwick Road Delray Beach,FL ZONING "RH", Residential High Density Rezoned to"PRD-6",Planned Residential Development DENSITY 6 dwelling units per acre SALE PRICE $3,250,000 PROPERTY DESCRIPTION Land size: 290,545 square feet, 6.67 acres UNITS OF COMPARISON $11.19 per square foot PARCEL CONTROL NO. 00 42 46 12 00 000 1020, 1050, 1060 CONDITIONS OF SALE Financing provided by New Wave Loans Residential LLC in the amount of$2,400,000 at the market rate of interest. Arm's length transaction. CONFIRMATION John Csapo, listing real estate broker COMMENTS This property was purchased to construct 40 single family houses. The developer is Stellar Communities. Grantee paid for the property to be annexed into the city of Delray Beach and to change the zoning. In return, the property was purchased with a contingency contract until the changes assured. Name of the new project is Banyan Court. 46 CFN 20200169898 OR BK 31431 PG 1454 RECORDED 05/16/2020 12:48:59 Palm Beach County, Florida AMT 3,250,000.00 DEED DOC 22,750.00 Sharon R. Bock This instrument,prepared by CLERK&COMPTROLLER (and after recording return to): Pgs 1454-1457; (4Pgs) *F' ority Piazza,Fres. Title Company ongress Ave. Suite 104 BoyntonRj &ch, F133426 �W- Property A ser's Parcel Identification Number(s): 00-42-46-12- -1020; 00-42-46-12-00-000-1050 and 00-42-46-12-0 -01060 0 SPECIAL WARRANTY DEED 0 ANDRE ODRAY ("Grantor"), whose mailing address 800 North Road Boynton Beach, Fl. 33 consideration of ten dollars ($10.00) and other valuable considerations received fr WICK 40 DELRAY, LLC, a Florida limited liability company, ("Grantee"), whos address is 2800 W. State Road 84, #118 Fort Lauderdale, Fl. 33312, hereby grants and eys to Grantee the real property in Palm Beach County, Florida, described on the attache 'bit A, along with any rights, privileges, hereditaments, appurtenances,and easements rela such real property. This conveyance isto the matters described on Exhibit B, but this reference will not re-impose same. t **Grantor warrants that at the time of this conveyance, the subject property is not the Grantor's homestead within the meaning set forth in the constitution of the State of Florida, nor is it contiguous to or a part of the homestead property. Grantor's residence and homestead is 800 North Road,Boynton Beach,Fl 33435** Grantor hereby covenants and warrants that the property is free of all encumbrances except as otherwise expressly provided herein,that lawful seisin of and good right to convey the property are vested in Grantor, and that Grantor hereby fully warrants the title to the property and will defend the same against the lawful claims of all persons claiming by, through or under Grantor. DATED this_L2 rday of1-04r 0. [SIGNATURES ON FOLLOWING PAGE(S)] 47 CFN 20200169898 BOOK 31431 PAGE 1455 2OF4 Sign nce of 0 (print �� ANDREW V ODRAY 0 (print n e): STATE OF FLOREDA.V COUNTY OF PALM B The foregoing ' bras acknow ged before me by means of[ ] physical or [ ] online notarization, this day in the year of 2020, by Andrew V. Podray who [ ] personally known to me or [ ] h duc d a driver's license as identification. MY COANggglpN 0 GG M207 Bo FeatY2,2024 nm,Notary Pylic u „ Now/y"s Special Warranty Deed-Page 2 48 DoublerrmeO CFN 20200169898 BOOK 31431 PAGE 1456 3OF4 0 EXHIBIT A TO SPECIAL WARRANTY DEED Property Description 0 A parcel o lying in the West One-Quarter of the Northwest One-Quarter of the Northeast One-Quarter of Section 12,To p 46 South,Range 42 East,Palm Beach County,Florida,and being more particularly described as follows. Commencing at tquarter corner of Section 12, Township 46 South, Range 42 East, Palm Beach County, Florida; thence Sou 01*14'31" East along the West line of the Northwest one quarter of the Northeast one-quarter of said Section 12,a d4&of 90.08 feet;thence South 88°53'46"East,(Departing from said West line),a distance of 40.03 feet to a point o East right-of-way line of Barwick Road, said point also being the Point of Beginning; thence South 88.53146" E parting from said East right-of-way line),a distance of 297.47 feet to a point on the East line of the West on r of the Northwest one-quarter of the Northeast one-quarter of said Section 12; thence South 01009'33"E said East line,a distance of 979.89 Feet;thence North 89'22152" West,(Departing from said East line),a distan o 5.% feet to a point on the East right-of-way line of Barwick Road; thence North 01.14'31"West along said East way line,a distance of 982.45 feet to the Point of Beginning. �v Parcel Identification Numbers: 00-42-46-12-00-000-1020 00-42-46-12-00-000-1050 00-42-46-12-00-000-1060 49 BANYAN COURTS `n B,Mo�Paltll O<na oRRaAST acawneR 4 SflCMI 12 TOAUv M IDYR4 RMa u FAST, I 1 ® an v mar SFAaL wwr sfAa Burr.qaw s®�y �16OIIFIsf fNf wpAW N _ pAYa P.UALY."lf � I �tl taw fAV c T.ow aAon Raw.■Aa,ao - i ,�lIF7. mom Raga sTw-(!61}KF-ron � __� rw.m�' ii` sv""iwo� wii .^�awr �m��" amw'vas•w TABULAR DATA i m x wws v rat s.w ear rsa-a"-w.ssc"Barn¢s w.a YIXR.AEFS aWER Ao CaSSflIT. - `% .wac snsv mw[mT a,m sas m 9^"' - � ACCEPTA1LE 6 RESERVATWRS: MEW I Al s 2 1®1R1L nOQ SIIQT sms[mun.. •®�- -_. �._ c�fi----7 n.em��.s90��o n <w nd sue •m^ ss�m .. +wn P.4_Bt s.£___ -1e-.- oo�i sM�As"'•�n w`�i v�'����wo�^�, •`Mmi'a ows.o x on s uun sass rsm �"^aa we,a amsne u mt '^' RAS�' _�� ",�..3..�'N.'L�n.e,As �- �C ._.- 2 meq. a.oESs ry®L���t� mei�ie� UIaMOf�l�lwEODyG.E1�b1�T:� •. 'sw[�wswra¢tl�w rwms� vl we m aortae � mn�v__AL IIsL___.. .fin w noo• 4 YYlal•wsmUOUr➢I qI4 tl mu.s.o..r�nms p - oN i w�® REYWVM SUR,EIVRI STAG T-. �E "w p(nwaE. m o aro amc.wt.n uta aro Boron.Swr Aaa4oum)mWff: tlw.aqui b 2!L r.a s�"tea n nasi i s`®`iam�s.. .v.r i. A[wwv v x an s mruv �'m rs¢vn nw mrt¢ww®s n vs�iOMi�0�1. r Rs rrawzs. ��ryuA�{�aw�iwEwo���iwn�_s�o�^^rai W,iu'ro nv w� �pw a�i q .a w�u �/ �'•» 1 ®n ve y�� n x srot:.w smnf v w¢wco¢wt e.o�c m�a - �"• �'R�� �tl�imw.s�•it;�s�c�pfp .w.•s.a f�Si m�[S o i �snsExs u«e •sOm n�� rE r�—mica a ?A- r, v "A Bots amt a vss r� •R `"�" 2s an A+rRwu� "n.n ww.,w. 43Ti a�.a 2-r ACKNOWLEDGEMENT, �Rj.�"." �ewo.GC�idasm � �►, 1 �L R 1 50 Ms RanuRw.ars wnnen n �p� OtM P.IJIOIfr,%S OOY.OM.�+iM10 MY 06f.NG6_ .�.. BANYAN COURT ow�s_nL.�as_yK,4,� mw.Parnat a•n[.apnrnsr ac-awrn a gcna ri m w S-K w u rm,. rsm angio Rma axR: arr a miur Enos PNY E�oa,Rrr,namr 91 �� earw Rnm..rwo. ixw-(swFMa-»a *lPill, _- .- -- - NORTH - 99 i' 44 _ CM' .aawiai y �]9 - g� UtzIx LAD Lam ----------------- y �. ---J----------------=—�==1=— saw .�...... as �� . 51 rAf■csf n aad M9FFFLR 9iC. BANYAN COURT <mana arrw Aw awAAEs WEER-nrW-wA,EYaaE E1R A HTlall Q IIE IQ.EtSI OE-0WlRR Of 9E:aa,fi laall9i b 9aflal aMa.Z 11[ASf, w_^ f'�" as goo auoa Awa snc foa En or naw aoG MR nolo{dSlds-pwla-nn I.=shm B 59 11 x qmw 9 or 3 lit , mwx�f M 4i // NORTH i 1 ;�� �"� auwa�aauwo 9a - � awrfK scram L-7 9( F;� a..� ` fcafo�AE.xeAAnws F ;s3 ms,�..., &eI Ems' a 52 is Cl) LO Dons n" VACANT LAND SALE SALE NO. 4 LEGAL DESCRIPTION Lengthy legal description. See deed. RECORDED O. R. Book 29777,pages 534 and 538,Palm Beach Co,FL GRANTORS The Townhomes of Pineapple Ridge at Lake Worth LLC Barbara Boutros GRANTEE BDG Banyan Court LP DATE OF SALE April 3,2018 LOCATION 1716 North 3 Ave& 1737 North 4 Avenue Lake Worth,FL ZONING "MF-20",Multi-Family 20 dwelling units per acre DENSITY 17.35 units/acre for project on the site SALE PRICE $2,449,000 PROPERTY DESCRIPTION Land size: 213,244 square feet,4.90 acres UNITS OF COMPARISON $11.48 per square foot PARCEL CONTROL NO. 38 43 44 2102 033 0010, 0020, 0040 38 43 44 2102 033 0051 CONDITIONS OF SALE Cash sale. After the purchase, grantee secured tax-exempt construction funding through the Florida Housing Finance Corporation, Valley Bank and Palm Beach County. Arm's length transaction. CONFIRMATION John Csapo, listing real estate broker COMMENTS This property will be improved with 85 multi-family units, in a project called Banyan Court, an income controlled community. The property was in ready-to-build stage of development when purchased. 54 CFN 20180139020 OR BK 29777 PG 534 RECORDED 04/12/2018 11:03:59 Palm Beach County, Florida AMT 2,100,000.00 DEED DOC 14,700.00 Sharon R. Bock CLERK&COMPTROLLER This instrument prepared by: Pgs 0534-0537; (4Pgs) Lei s,Esq. Broa el LLP 390 N e Avenue Suite 1 Orlando, 101 0 PARCEL ID*1,8-43-44-21-02-033-0010 43-44-21-02-033-0020 43-44-21-02-033-0040 of� SPECIAL WARRANTY DEED 0 THIS SPECIA Y DEED, made and executed this-Yly of April, 2018, by THE TOWNHOMES OF P PLE RIDGE AT LAKE WORTH, LLC, a Florida limited liability company, whose address North Military Trail, Suite 355,Boca Raton,Florida 33431 ("Grantor") to BDG BANYAN CO a Florida limited partnership, whose mailing address is 501 N. Magnolia Avenue, Orlando, 2801("Grantee"). WITNESSETH: THAT Grantor, for and ineration of the sum of Ten Dollars ($10.00) and other valuable �; consideration,the receipt and adequac which is hereby acknowledged, hereby grants,bargains, sells, aliens, remises, releases, conveys an s unto Grantee, certain real property located in Palm Beach County, Florida ("Property") is more particularly described on Exhibit "A" attached hereto and by this reference made a part TOGETHER with all the easements, tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining; and TO HAVE AND TO HOLD,the same in fee simple forever. FURTHER, Grantor hereby covenants with said Grantee that Grantor is lawfully seized of the Property in fee simple;that Grantor has good,right and lawful authority to sell and convey the Property, and hereby warrants the title to the Property and will defend the same against the claims of all persons claiming by, through or under Grantor, but against none other; subject however to all matters, restrictions, easements, encumbrances, limitations, reservations and covenants of record set forth in Exhibit B attached hereto,but this reference shall not operate to re-impose the same,together.with taxes and assessments for 2018 and subsequent years (if any) and all applicable governmental, zoning and land use regulations. 4814-4063-36953 365CM051 d&*wmgDD 55 CFN 20180139020 BOOK 29777 PAGE 535 2OF4 IN WITNESS WHEREOF, the Grantor has caused this Special Warranty Deed to be executed the da d year first above written. WI GRANTOR: THEAWNHOWS OF PINEAPPLE RIDGE AT LAKE 0 W TH,LLC, a Flori limited liability company Y: QA Witness a .AWe'ilraug,%lanager Print Name: ��i h Witnevs Print Name: 0 STATE OF FLORIDA COUNTY OF The foregoing instrument was ac edged before me thi3 day of April, 2018, by Paul H. Weintraub the Manager of THE TO OF PINEAPPLE RIDGE AT LAKE WORTH, LLC, a Florida limited liability company, on be .d company, He isQ(is personally known to me or(� produced as identification. HOLLY CALPIN W OOMM SS10N i R'125141 EXPIRES:Jule 2,2018 j &WW Thu Notary Pudic Unde=Um ww .. Print Name My Commission expires: Serial No.: (SEAL) 48144063.3695.3 3658200051 d&b=gDD 56 CFN 20180139020 BOOK 29777 PAGE 536 3OF4 EXHIBIT"A" LEGAL DESCRIPTION OF LAND �o Parcel 2: Lot 1,Block 3 WYER'S SUBDIVISION OF THE WEST HALF OF SECTION 21, TOWNSHIP 44 SOUTH, 43 EAST, according to the plat thereof,as recorded in Plat Book 5,Page 12, Public Records RA* Beach County,Florida,LESS that portion of subject property conveyed to the City of Lake Worth eds recorded in Deed Book 395, Page 408; Deed Book 400, Page 69; Official Records Book 2201, 1027 and Official Records Book 2223, Page 1884, Public Records of Palm Beach County, Florida. kPalmh Parcel 3: Lots 2 and 3, Block 33, SUBDIVISION OF THE WEST HALF OF SECTION 21, TOWNSHIP 44 SOUTH, EAST, according to the plat thereof, as recorded in Plat Book 5, Page 12, Public Records oCounty, Florida. Parcel 4: 01) Lot 4,Block 33, SAWYER'S SUBDIVOF THE WEST HALF OF SECTION 21,TOWNSHIP 44 SOUTH, RANGE 43 EAST, accordi a plat thereof, as recorded in Plat Book 5, Page 12, Public Records of Palm Beach County, 4814-4063.3695.3 36592MS 1 ddubmn DD 57 CFM 20180139021 OR BK 29777 PG 538 RECORDED 04/12/2018 11:03:59 Palm Beach County, Florida AMT 349,000.00 DEED DOC 2,443.00 Sharon R. Bock CLERK&COMPTROLLER Pgs 0538-0541; (4Pgs) This i jenl prepared by: Lei s,Esq. Broa set LLP 390 Nge Avenue Suite l� Orlando, 8010 PARCEL ID*38-43-44-21-02-033-0051 SPECIAL WARRANTY DEED THIS SP WARRANTY DEED, made and executed this 0 day of April, 2018, by BARBARA R. BIU-UOS, a single woman, whose address is P.O. Box 2012, Jupiter, Florida 33468- 2012 ("Grantor") toG BANYAN COURT LP, a Florida limited partnership, whose mailing address is 501 N. Magn* venue, Orlando, Florida 32801("Grantee"). � D WITNESSETH: 0 THAT Grantor, for nsideration of the sum of Ten Dollars ($10.00) and other valuable consideration, the receipt and e y of which is hereby acknowledged, hereby grants, bargains, sells, aliens, rcmises, release&, eve d cenfums unto Gmatee, certain real property located in Palm Beach County, Florida ("Prope 'ch is more particularly described on Exhibit "A" attached hereto and by this reference made a hereof TOGETHER with all the ats, tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining;+an ,,r�- TO HAVE AND TO HOLD,the fee simple forever. FURTHER, Grantor hereby covenants with said Grantee that Grantor is lawfully seized of the Property in fee simple; that Grantor has good, right and lawful authority to sell and convey the Property, and hereby warrants the title to the Property and will defend the same against the claims of all persons claiming by, through or under Grantor, but against none other; subject however to all matters, restrictions, easements, encumbrances, limitations, reservations and covenants of record set forth in Exhibit B attached hereto, but this reference shall not operate to re-impose the same, together with taxes and assessments for 2018 and subsequent years (if any) and all applicable governmental, zoning and land ase regulatiow, THIS PROPERTY DESCRIBED HEREIN IS NOT THE HOMESTEAD OF THE GRANTOR NOR CONTIGUOUS THERETO AND HAS NEVER BEEN THE HOMESTEAD OF THE GRANTOR 4826-9735.6676.6 MUMS) 58 CFN 30180139031 BOOK 29777 PAGE 539 2OF4 ITNESS WHEREOF, the Grantor has caused this Special Warranty Deed to be executed th a d�year first above written. O WITN S: GRANTOR: Vi �o Witness Print Name: j[, xvi BARBARA R.BOUTROS Witness Print Name: iP4^ o c5t r k k- 0 STATE OF FLORIDA COUNTY OF 2 2, .�eee The foregoing instrument was owledged April, 2018, by before me this �✓ day of A P BARBARA R. BOUTROS. She is personally known to me or (, produced as identificad NOTA)tY PUBLIC,S6te of Florida Print Dame My Commission expires: 20 ZO Serial No.: Gfa ayelo/ (SEAL) eerc0man=M10*=tm EVRM November 1,2020 BMW Tbm N*ry PuDMc tMdenKAm //269735-66316 363VJWSI UNASSIGNED DD 59 CFN 20160139021' BOOK 29777 PAGE 540 3OF4 0 EXHIBIT"A" LEGAL DESCRIPTION OF LAND �o Lot 5, less the 125 feet thereof, Block 33, SAWYER'S SUBDIVISION OF THE WEST' 14ALF OF SECTION ,�pWNSHIP 44 SOUTH, RANGE 43 EAST, according to the plat thereof, as recorded in Pia �ok 5, Page 12, Public Records of Palm Beach County, Florida. 0 �Q 0 4ffi69T1S-66386 36582005)UNA381GN®DD 60 V• VSE, 9 1 � t 2 r} � S '��"t` $ �`k '�`i' `t'�k)'�ti 1�1�1V1}` iS�N t i t t�QF•,a '4} '�� _. J� i I � f _ fib,} r � tis�sl i���!}tett t7�y�'�3 yiiiS4�}s I�d��SS1�\�s yt � ,r ,�w,�i � � I����Ut`tt��f`� `�1������'���z"Ss�� y�,ti4 - -s, .� yt ry;�s 4�ss "lr'�`r����tt"`=��•� � �� f�.l� t *t�t�������''� � ''}P ya;`•514;�}f „y ;'" r r ��, ' Asa �a`r_ 7y � � t ,u�� h Al �tsti,b , 4Y�+fi,A. ��� �i fit O W O 7 s i O 00 f0 W W W w o r c 3 in v°0i vO1i v V O O O 00 O V O N m f0 "O Ol Ol V 00 C W ti m Ln Ln N r N N Q h G oj Y O O O O O O E ti ti £ O m O m ll y v0 N � m y m y m H i W � W uj a` Qy o 0 0 om N V O O n V W 3 a r14 0 m O W� 0 17 N N lD m N Q 0 0 0 0 O O £ O n OO •u 0 N 0 N r4 mm n y O + O + Ln 0 + V + In O Ym CZ m •O m •O m •O •O f0 C C C C N N � C Q Q Q N 00 = m O QLn mLn V °� m H O O z txov Z V m o r t N N z 0' cLLc U cLL11c O G d G N N i 0 O LnO V Q W ^ NW n � O Ln N N n D O m m H l0 rO M 00 to 00m lD m r4 °� N rl N N �--I H O LL O LL O LL O LL 0 a W W C C p \ O -- W O Q O 00 kD O Ln V Q `V O. Ol l600 N n N V > W W O O NO co O J F- N ON Q O O \ 7 O N Ln f0 a > 00 z v W J 0 Z W N V W a' 01 C co r O W _ y J 7 J y V a cc 0: W O. c� 2V W W W > > W C O N i V z o C c Q 0 Ljj CO Q � G u N N C m m m en V 3 m W yl a0+ V Vf —y O m f0 N i Z W N Z 0 O LU co E m y O a 000 = 00 N O W i-1 (U rJ L a CO 00 O Y N lc o L c14 W w v N Z Iz'll SALES COMPARISON APPROACH LAND VALUATION Of the several methods to develop an opinion of land value, the one considered the most reliable is the Sales Comparison Approach. In this method, sales of similar vacant parcels are compared to the site concerned; then adjusted for differences to arrive at land value. The steps of Sales Comparison in Land Valuation are: 1) Locate and collect information of recent sales of sites most similar to the land being appraised. 2) Verify the sales information with the most reliable sources, including details of financing and any special considerations or non-typical market features. 3) Select relevant units of comparison and develop a comparative analysis. 4) Compare and adjust the sales to the subject using significant, market-derived units of comparison. 5) Reconcile all value indications from the comparisons into a value opinion by this approach. Highest and best use for the appraised land is to improve it with a medium density residential project of about 10 units per acre. Land size of the subject 189,290 square feet or 4.34 acres; zoning is "R-2", One-family or Two-family Residential District. The subject market area is in the revitalization stage of its life cycle. A search was made to find recent sales of tracts of land purchased for medium density residential use. With a scarcity of such parcels and few of them selling,the search covered central Palm Beach County. Of the sales reviewed, the four that are more similar to the subject are included in this appraisal. Details of the transactions are on the sale sheets and chart. The unit of comparison used by buyers and sellers of residentially zoned land is the Sale Price per Square Foot of Land or Sale Price per Dwelling Unit. With the sales having various densities and the density for the land concerned not yet known, the better unit of comparison to use is Sale Price per Square Foot. The range of unit prices of the land sales is from $6.64 to $11.48 per square foot, before adjustment. ELEMENTS OF COMPARISON Elements of comparison are the characteristics of transactions and properties that cause variation in prices paid for real estate. The Appraisal of Real Estate states that there are several basic elements of comparison that may be considered in sales comparison analysis for land valuation. The first group is termed transactional elements being: real property rights conveyed,financing terms, conditions of sale and market conditions. Adjustments for transactional elements are made, then, attention is focused on the second group,property elements. This second group of property elements consists of location,physical characteristics and use. (Continued) 63 SALES COMPARISON APPROACH (Continued) Real Property Rights Conveyed A transaction price is always predicated on the real property interest conveyed. Property interests conveyed can either be fee simple (without tenants) or leased fee (subject to leases). An adjustment for property rights conveyed is based on whether a leased fee interest was sold with leases at,below, or above market rent. The interest valued for the subject property is fee simple. The land sales were all conveyances of fee simple interests without leases. No adjustment is necessary for this element of comparison. Financing Terms Financing terms may have a bearing on the price paid for a property. Such terms that may affect price include assuming a mortgage at lower than current interest rates, the seller paying a buydown for the buyer to have a lower interest rate, or the seller providing financing for a transaction at lower than typical institutional rates. In all of these cases, the buyer could have paid higher prices in such transactions to obtain favorable financing. The reverse is also a possibility in which lower sale prices result from above market financing. Sales 1, 2 and 4 were cash transactions, the most common method of purchasing vacant land. With third-party lenders readily making loans even on vacant land, the grantee of Nos. 3 took advantage of this situation and gave a mortgage to a loan company. Land to price ratio was 74%, requiring the borrower to have equity in the land. The financing terms reportedly did not have a significant effect on the price. Therefore,no adjustment is made for this element of comparison. Conditions of Sale Condition of sale addresses the motivation of buyers and sellers. Such motivations include a seller accepting a lower than market price for needed cash, a lender selling a previously foreclosed property to comply with regulations imposed on the institution, or a buyer purchasing an adjacent property. Even arm's length transactions may be the result of atypical motivation, such as lack of exposure time to the market,the result of an eminent domain proceeding, or tax consideration. None of the land sales are transactions by lenders after foreclosures of prior mortgages on the properties. Grantees of Sales 1, 3 and 4 purchased the properties to construct new housing on them; grantee of No. 2 will build The Children's Place at Home Safe on the site. Each of the parcels was purchased for a specific project,not speculation. Conditions of sale for the transactions cited in this report appear to be typical for the market they are in,with no adjustment necessary (Continued) 64 SALES COMPARISON APPROACH (Continued) Market Conditions Comparable sales that occurred under different market conditions than those applicable to the subject on the effective date of the value estimate require adjustment for any differences that affect their value. The most common adjustment for market condition is time; however, the passage of time itself is not the cause of the adjustment. Market conditions which change over time are the reason to make the adjustment, such as appreciation or depreciation due to building inventory, changes in tax laws, investor's criteria, building moratoriums, fluctuation in supply and demand, et cetera. It is also possible that there is no change in market condition over time. There is an upward trend in land unit prices in the subject market area due to scarcity of vacant parcels and the revitalization of the vicinity supported by the Boynton Beach Community Redevelopment Agency. The upward trend exceeds the annual inflation rate of 2%per year. Each of the land sales is adjusted upward 3% annually for market conditions to the effective date of appraisal. The amounts of the adjustments are shown on the chart. Adjustments for transactional elements of comparison were considered; now, property elements of comparison are addressed. Location The location of a property is a key factor in prompting a buyer to purchase it. Location encompasses many aspects such as road frontage, access, proximity to other competing properties, proximity to a market that will use the goods and services housed in a property, governmental influences, average daily traffic flow, etc. Typically, properties in a neighborhood share some of the same locational characteristics such as age, condition, and style. The appraised property and the land sales are in central Palm Beach County, with the subject being the eastern most. Although there are some differences in the specific locations, they are not significant enough to warrant adjustment to the sales for this element of comparison. Physical Characteristics Physical characteristics to be considered for adjustments are those that cause a difference in price to be paid by the market. A wide range of such items includes land size, shape, frontage, depth, topography,view, access, functional utility, degree of readiness for development, et cetera. The land sales have a size range of 3.72 to 6.67 acres,with the subject at 4.34 acres. There does not appear to be a direct relationship between parcel size and price per square foot. The more significant aspect of physical characteristics affecting price is stage of development of the site. The appraised land has zoning and land use in place which might permit a project of about 40 dwellings; however,no plans have been submitted for review. (Continued) 65 SALES COMPARISON APPROACH (Continued) Land Sales 1 and 2 were at the beginning of the development process. The grantee of No. 3 made the changes to the land for the proposed project to be approved; though,the grantor essentially held the land for the buyer until the approvals were secure. Land Sale 4 was sold in about ready-to-build condition. There is a continuum of stage of development from Land Sales 1 and 2 to Land Sales 3 and 4. The range in unit prices is about 40%. The latter two are more similar to the stage of the subject than the former two. Sales 1 and 2 are inferior to the subject and the other two sales, and are adjusted upward 30% each for stage of development. Sales 3 and 4 are superior to the other two sales and the subject, and are adjusted downward 10% each for this facet of physical characteristics. The amounts of the adjustments are shown on the chart. Use For sites to be comparable, they should have similar uses. The highest and best use for the property appraised and the sales is for medium density residential projects. No further adjustments are made for this element of comparison. FINAL VALUATION The adjusted unit prices for the sales are as follows: Sale No. Adjusted Price/ SF 1 $ 8.80 2 $ 9.88 3 $10.17 4 $11.06 The range of the adjusted sale prices is from $8.80 to $11.06 per square foot. Adjustments were made to the sales for market conditions and the physical characteristic of stage of development. Since adjustments have already been made, equal weight is placed on each of the adjusted unit prices. The unit value of the appraised property is $9.98 per square foot of land. The quantity of the comparable is sufficient to observe market activity in central Palm Beach County for parcels that will be improved with new medium density residential projects. The quality of the data is good in that it provides a sound basis to develop an opinion of value for the property under appraisement. Based on the analysis and conclusions presented within the report, it is our opinion that the Market Value of the Fee Simple Estate of the Subject Property as of August 10,2020 is: 189,290 square feet x$9.98/square foot= (rounded to) ONE MILLION EIGHT HUNDRED NINETY-THREE THOUSAND DOLLARS $1,893,000 66 CERTIFICATION I certify that, to the best of my knowledge and belief,the statements contained in this report are true and correct. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal,unbiased professional analyses, opinions, and conclusions. I have no present or prospective interest in the property that is the subject of this report, and I have no bias or personal interest with the parties involved. The appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. My compensation is not contingent on an action or event resulting from the analyses, opinions, or conclusions in, or the use of, this report. I have performed no services, as an appraiser or in any other capacity, regarding the entire property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. I have appraised one of the parcels, 145 NE 4 Avenue, Boynton Beach, FL on April 1,2017,July 12,2018 and June 18,2019. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. The analyses, opinions and conclusions were also developed and the report prepared in conformity with the Uniform Standards of Professional Appraisal Practice, which is included in the Appraisal Institute's Standards, and Chapter 475,Part II F.S. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. The use of this report is (also) subject to the requirements of the State of Florida relating to review by the Florida Real Estate Appraisal Board. I have visited the property that is the subject of this report on August 8, 2020. Jesse B. Vance, Jr. and Claudia Vance are responsible for the analyses, conclusions and opinions concerning real estate set forth in this report. No one else has provided significant professional service to the persons signing this report. The Appraisal Institute and the American Society of Appraisers each conduct programs of continuing education for their designated members. As of the date of this report, Jesse B. Vance, Jr. and Claudia Vance have completed the requirements of the continuing education program of the Appraisal Institute. Continuing educational requirements are also completed for the American Society of Appraisers and the State of Florida. August 10. 2020 Jesse B. Vance, Jr., MAI, SRA, ASA Florida State-CertifiedGeneralReal Estate Appraiser No. RZ-85 August 10,2020 Claudia Vance,MAI Florida State-Certified General Real Estate Appraiser No.RZ-173 67 CERTIFICATION AND LIMITING CONDITIONS The statements and conclusions contained in this report,subject to the limiting conditions hereafter cited,are correct to the best of the writers'knowledge. I. The undersigned have personally inspected the subject of this report. No pertinent information has been knowingly withheld. 2. Unless specifically included,the subject is analyzed as though free and clear of liens and encumbrances. 3. No responsibility is assumed for legal matters,nor is an opinion of title rendered. Title is assumed to be good and held in Fee Simple,unless excepted. 4. Legal descriptions and property dimensions have been f m-iished by others; no responsibility for their correctness is assumed. Sketches which may be in the report are for illustrative purposes only. 5. Possession of any copy of this report does not cant'with it the right of publication,duplication,or advertising using the writers'names or professional designations or membership organizations. 6. The writers are not required to testify without prior agreement. 7. Neither the employment to make this appraisal nor compensation therefore is contingent on the value reported. 8. Where divisions are made between land,improvements, etc.,the values estimated for each apply only under the cited use or uses. 9. The value applies ONLY as of the date of valuation stated within the report. 10. The writers certify that they have no present,past or contemplated interest in the subject of this report-unless specifically stated. 11. This report is the property of the indicated client. It may not be used by any other party for any purpose not consistent with the written function of this report without the express written consent of the writers AND client. 12. The reported analyses,opinions and conclusions were developed,and this report has been prepared,in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Practice and Conduct of the Appraisal Institute. The work also conforms to the Uniform Standards of Professional Appraisal Practice. 13. Soil or sub-soil contamination may exist from current or prior users, or users outside the property concerned. The appraisers are not qualified to detect such substances. We urge the client to retain an expert in this field if desired. 14. The appraisers have not been provided a Habitat Survey, Endangered Species Survey, or analysis by a qualified environmental specialist indicating the presence of or proximity to environmentally sensitive and/or protected land or species which could affect the use, and possibly, value of the appraised property. The appraisers are not qualified to identify these factors. We recommend that an expert be hired where there may be reasonable cause to expect the presence of any of the cited elements. 15. Jesse B.Vance,Jr. and Claudia Vance are responsible for the analyses,conclusions,and opinions of real estate set forth in this report. No one else provided significant professional assistance to the signers of this report. 16. Prospective value is based on current conditions and trends. The appraisers cannot be held responsible for unforeseeable events which might alter market conditions upon which market value opinion has been developed. 17. The appraisers certify that they have the knowledge and experience required to perform this appraisal assignment. 18. The appraisers reserve the right to amend or change this report at any time additional market information is obtained which would significantly affect the value. Jesse B.Vance,Jr.,MAI,SRA,ASA State-Certified General Real Estate Appraiser No.RZ 85 August 10,2020 � GGl'oallolwm— Claudia Vance,MAI State-Certified General Real Estate Appraiser No.RZ 173 August 10,2020 68 ADDENDA E. R-2 Single and Two-family Residential District. 1. General. The purpose of the R-2 zoning district is to implement the medium density residential (MeDR) future land use map (FLUM)classification of the Comprehensive Plan. The intent of this conventional district is to stabilize and protect existing residential neighborhoods with densities no greater than ten(10)dwelling units per acre, and allowing limited types of non- residential uses. 2. Use(s) Allowed. See "Use Matrix Table 3-28" in Chapter 3,Article IV, Section 3.D. 3. Building and Site Regulations (Table 3-9). Existing and/or planned single-family homes shall conform to the R-1 district requirements; however, for duplex homes, the following lot and building requirements shall be observed: BUILDING/SITE REGULATIONS R-2 District Minimum lot area(per unit): 4,500 s.f.1 Minimum lot frontage: 75 feet Minimum yard setbacks: Front: 25 feet2 Rear: 25 feet3 Interior side: 10 feet2 Corner side: 25 feet 2,3 Minimum living area: 750 s.f. Maximum lot coverage: 40% Maximum Floor Ratio Area (FAR) 0.104 Maximum structure height: 25 feet 1 Single-family dwellings shall be constructed on lots that are no less than six thousand(6,000)square feet. 2 Pursuant to Section 8.B.below,parcels that have frontage on Martin Luther King Jr.Boulevard and are located within the Martin Luther King Boulevard Overlay Zone shall have front,side interior,and side corner setbacks in accordance with the mixed use-low intensity 1 zoning district(see Section 6.11.below). 3 On corner lots,the side setback adjacent to the street shall be not less than one-half(1/2)the front yard setback. However,where orientation of adjacent lots on both street frontages provide typical front yard setbacks,the comer lot shall provide for front yard setbacks along both streets. when two(2)front yard setbacks are provided for on a corner lot,no rear yard setback shall be required,only side yard setbacks shall be imposed. 4 A floor area ratio(FAR)up to 0.10 maybe considered for non-residential uses allowed within the R-2 district (see "Use Matrix"—Chapter 3,Article IV, Section 3),pursuant to the medium density residential land use category of the Comprehensive Plan. 5 Not to exceed two(2)stories. 70 D. R-1 Single-family Residential District. 1. General. The purpose of the R-1 zoning district is to implement the moderate density residential (MoDR) future land use map (FLUM) classification of the Comprehensive Plan. The intent of this conventional district is to encourage single-family dwellings and structures at densities no greater than seven and one-half(7.5) dwelling units per acre, and allowing limited types of non-residential uses. 2. Use(s) Allowed. See "Use Matrix Table 3-28" in Chapter 3, Article IV, Section 3.1). 3. Building and Site Regulations (Table 3-8). The following lot and setback requirements shall be observed: BUILDING/SITE REGULATIONS R-1 District Minimum lot area: a 6,000 s.f. Minimum lot frontage: 60 feet Front: 25 feet Rear: 20 feet Special rear yard setback reduction for single-story building additions:I Abutting: I-95 or railroad tracks: 50% Abutting: Intracoastal: 50% Abutting: Lakes: 50% Abutting: Golf Course: 50% Abutting: Canals wider than 150 ft 50% Abutting: Canals narrower than 150 ft 33% Abutting: Perimeter walls of community that abut other than residential: Abutting: Commercial or Industrial 50% Abutting: Public or private park: 50% Interior side: 7.5 feet Comer side: 25 feet2 Minimum living area: 1,200 s.f. Maximum lot coverage: 50% Maximum structure height: 30 feet 71 ' 3 J O a x ++ d d d d z z z z to w w z z E U •• a Q YC to YC YC o O to O N [— to O y O c� O c v �1. O o O Q. M y 00 O m � U VI o kn I LL O O O �cc 0 mo `n U •� O OO o ffQ .. Imo . . ori, "' o O N o d �m a � � r-: z to z W ch U oO o 0 O d to O t d Q rx Q z �o 1:T z z U Qo o ttn z oo r- 1:T z O O o O O DD t Q �� i z 01 01 -- z I O O a0 r. Cd Q Qz "O c. Q. $.. c� O fy (� U U Cd p �' Q s .. bD O O Q C/1 tom~" O s. _ _._ U 3 .3u � GTr140. z z z z z z z z 00 w w w w z z z z z • � � d d d d d d d d w w w w z z z z z 00 z z z z z z z z M N N N N O z z z z z z z z U O / O O O O O M O O M N r- N N Fri N kn to kn kn M kn kn 44 O O N kn O by o 0 0 0 0 0 0 0 N N O O O O O <M O O N N v A4 0 0 0 0 0 0 0 0 M N -•� N N �n �n �n �n �n M �n �n Cd �. .-. OCd O V N 4 Cdto to L" o O .. C7 U U U w r� r� U rx U ---� EJ Sec. 11. Nonconforming Regulations. A. Lots and Parcels. 1. R-1 District, R-IA District, R-2 District, and R-3 District. A detached single-family dwelling may be constructed on any parcel located in an R-1, R-1 A, R-2, or R-3 district, provided that it meets all of the following requirements: a. The parcel contains at least one (1)whole platted lot,platted prior to August 7, 2001; b. The parcel, or assemblage of platted parcels which individually meet the requirements of paragraph a. above, has a frontage of not less than fifty (50) feet, and a lot area of not less than five thousand(5,000) square feet(irregular, other than rectangle-shaped lots with less than five thousand(5,000) square feet of area may be developed if in conformance with all other lot regulations); c. All such parcels, when developed, shall comply with all provisions of the Land Development Regulations and applicable building code regulations, including without limitation sections of the building code regulations regarding the impact of construction and drainage on or to adjacent properties. -- N 2. R-2 District. Within R-2 districts, in subdivisions platted prior to the effective date of these Regulations, where the platted lots have a frontage of at least forty (40) feet but less than fifty (50)feet,the following rules shall apply: a. A detached single-family dwelling may be constructed on any such parcel,provided that the parcel contains at least one (1)whole platted lot. b. A duplex dwelling may be constructed on any parcel,provided that it meets the following requirements: (1) The parcel contains at least two (2)whole platted lots; (2) Property cannot be acquired from adjacent parcels so as to make the subject parcel conforming, without causing the adjacent parcels to become nonconforming or more nonconforming. c. For any parcel, lot, or combination of lots, where the total frontage is equal or greater than one hundred twenty (120)feet, and the total area is greater than twelve thousand(12,000) square feet, said property shall not be developed except in accordance with the minimum frontage and lot area required in the R-2 zoning district. d. Ownership of parcels shall be determined by the property tax rolls on file in the Palm Beach County Property Appraiser's Office as of the effective date of these Regulations. 3. R-I AA District. A detached single-family dwelling may be constructed on any parcel located in an R-1 AA district,without requiring a variance,provided that it meets the following requirements: a. The parcel contains at least one (1)whole platted lot. b. The parcel has a frontage of not less than sixty (60) feet,and a lot area of not less than six thousand, seven hundred fifty (6,750) square feet in area. c. It would not be possible to acquire property from adjacent parcels so as to make the subject parcel conforming,without causing the adjacent parcels or structures thereon to become nonconforming or more nonconforming. For any parcel or lot, or combination of lots under the same ownership, where the total frontage and the total area is equal to or greater than that which is required by the R-IAA district building and site regulations, said property shall not be developed except in accordance with the minimum frontage and lot area required in the particular zoning district. Not more than one (1)parcel or lot, or combination of lots under the same ownership,that is nonconforming but which meets the requirements under b. above may be developed for a single- family house. 74 ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 1 of 3 Sec. 2. Standards. A. General. 1. Rules and Methodology. a. Parking space requirements shall be computed on the basis of the principal use of a structure or lot, and using gross floor area unless stated otherwise in this article. Gross floor area, for the purposes of this subsection, shall include the floor area occupied by the principal use,plus the floor area occupied by all other enclosed spaces, including but not limited to storage rooms,maintenance and mechanical rooms, offices, lounges, restrooms, lobbies, basements, mezzanines, and hallways. b. Where several principal uses exist in one (1) structure or on one (1) lot,parking space requirements shall be computed separately for each principal use,unless stated otherwise in this article. Where parking spaces are required in this article for each of several principal uses that commonly occur together,this is done for the purpose of clarification only, and shall not limit the application of the requirement contained in this paragraph. c. A use shall be considered a principal use, for the purposes of this subsection, if it could exist separately from all other uses in the same structure or on the same lot, and would by itself generate significant parking demand. d. Where several principal uses exist in one (1)building or part of a building, and the floor area of each principal use cannot be clearly delineated,the parking space requirement for the use requiring the greatest number of parking spaces shall apply. e. Where a use is not listed below, parking space requirements shall be determined by the City Commission after review and recommendation by the Director of Planning and Zoning or designee. f. Where the number of required parking spaces as computed includes a fraction,the number of required parking spaces shall be the computed number rounded to the next highest whole number. g. Except as provided in Section 3.E. below,there shall be provided, at the time of the erection of any structure or establishment of any use, a number of off-street parking spaces in accordance with the following minimum requirements,and subject to the parking requirements of this subsection. Where a structure or use is enlarged or increased in capacity by any means, including a change in building occupancy which requires the provision of additional parking spaces, or a change in use to or which requires additional parking spaces,the minimum number of parking spaces shall be computed by applying these requirements to the entire structure or use. 2. Minimum Number of Required Off-Street Spaces for Non-Residential Uses. No fewer than four(4)parking spaces shall be provided for any non-residential use. 3. Location of Off-Street Parking Areas. a. Residential. Required parking spaces for all dwellings shall be located on the same lot as the dwelling to be served. b. Non-residential. Required parking spaces for all non-residential uses shall be owned by the owner of the building or lot to be served,and shall be located on the same lot, or not more than three hundred(300) feet distance,unless the property is located within those areas defined within the adaptive re-use section of the Code (Chapter 4, Article 5, Section 4). In those areas, required parking spaces may be leased within three hundred(300) feet of the use in which they serve, subject to Board and City Commission approval,and the property shall be posted with signage indicating to patrons the location of the leased parking. B. Table 4-17. Residential and Lodging Uses. Residential and Lodging Uses Standard Number of Required Parking Spaces 75 h4://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 2 of 3 Building area size is based upon gross floor area(in square feet)unless specifically expressed otherwise. Single-family,duplex dwelling,or mobile home: 21 Efficiency or one (1)-bedroom apartment: 1.5 1,2 Within mixed use high district: 1.332 Two (2) or more bedroom apartment: 21,2 Within mixed use high district: 1.661'2 Dormitories: 1 per unit Hotel&motel units containing one (1)-bedroom: 1.25 per unit Within mixed use high district: 1 per unit Hotel& motel suite containing two (2) or more 2 per unit bedrooms: Within mixed use high district: 1 per unit Group home(types 1 through 4): 1 per 3 beds Bed&breakfast: 13 Live/work unit: 1 per 2 units4 1 Residential driveways shall satisfy the parking space requirements for single-family detached dwelling units, duplexes, and multi-family dwelling units containing garages,provided such driveways are of sufficient size to meet the parking space requirements of this subsection. A residential driveway of sufficient size shall be provided prior to the issuance of a certificate of occupancy. For all required parking spaces not located within an enclosed garage, the first parking space shall be the minimum size required for a handicap space, exclusive of public or private rights-of-way, and all other required spaces must be dimensioned in accordance with current city standards. All driveways shall be setback at least two (2) feet from interior side and corner side property lines, and maintained and drained so as to prevent nuisance conditions or a danger to the public and/or adjacent property owners. Any expansion to an existing driveway shall require a zoning permit from the Planning and Zoning Division in accordance with the procedures specified in Chapter 2,Article II, Section S.B.; however, any driveway expansion(or similar impervious surface)that is equal to or greater than eight hundred(800) square feet shall require the approval of a land development permit in accordance with Chapter 2, Article III, Section 3. Any work, such as a driveway,proposed within the swale (right-of-way) shall require a permit from the Engineering Division in accordance with the procedures specified in Chapter 2, Article III, Section 4. 2 Guest parking shall be provided at a rate of 0.15 spaces per unit for residential developments consisting of three (3)or more dwelling units. 3 Required parking shall be calculated on the basis of one (1) space per each employee, manager, or owner and one (1)parking space for each guest unit. Newly created parking may be located only in the rear and side yard. 76 http://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 3 of 3 4 In addition to the required parking for the residential unit,the city requires that one (1) parking space per two (2) live/work units be provided to meet business activity needs. Parking provided to meet this requirement shall be located on the lot,built into or under the structure, or within three hundred (300) feet of the unit in which the use is located. The distance shall be a straight line measurement from a point on the boundary line of the property of the subject unit to the closest boundary line of the property on which the parking is located. Parking provided to accommodate said space, including driveways of adequate depth in front of the unit's garage, shall not serve as meeting required parking for the unit's residential use. 77 http://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... 1/8/2015 SUMMARY OF 2020-2021 USPAP(Uniform Standards of Professional Annraisal Practicel Standard Rule 2: Real Property Annraisal. Re on rting In reporting the results ofa real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. STANDARD 2 addresses the content and level of information required in a report that communicates the results of the real property appraisal. STANDARD 2 does not dictate the form,format, or style of real property appraisal reports. The substantive content ofa report determines its compliance. STANDARDS RULE 2-1 Each written or oral real property appraisal report must: (a) clearly and accurately set forth the appraisal in a manner that will not be misleading; (b) contain sufficient information to enable the intended users of the appraisal to understand the report properly; and (c) clearly and accurately disclose all assumptions, extraordinary assumptions, hypothetical conditions, and limiting conditions used in the assignment. STANDARDS RULE 2-2 Each written real property appraisal report must be prepared under one of the following options and prominently state which option is used.Appraisal Report or Restricted Appraisal Report. An appraiser may use any other label in addition to, but not in place of, the labels set forth in this Standards Rule for the type of report produced. The use of additional labels such as analysis, consultation, evaluation, study, or valuation does not exempt an appraiser from adherence to USPAP. The report content and level of information requirements in this Standards Rule are minimal for each type of report.An appraiser must supplement a report form, when necessary, to insure that any intended user of the appraisal is not misled and that the report complies with the applicable content requirements. (a) The content of an appraisal report must be appropriate for the intended use or the appraisal and, at a minimum: (i) state the identity of the client, or if the client requested anonymity, state that the identity is withheld at the client's request but is retained in the appraiser's workfile; (ii) state the identity ofany other intended users by name or type; (iii) state the intended use of the appraisal; (iv) contain information, documents, and/or exhibits sufficient to idents the real estate involved in the appraisal, including the physical, legal, and economic property characteristics relevant to the assignment; (v) state the real property interest appraised; (vi) state the type and definition of value and cite the source of the definition; (vii) state the effective date of the appraisal and the date of the report; (viii)summarize the scope of work used to develop the appraisal; ()x) summarize the extent of any significant real property appraisal assistance; 78 SUMMARY OF 2020-2021 USPAP(Uniform Standards of Professional Annraisal Practicel Standard Rule 2: Real Property Annraisal. Re on rting (x) provide sufficient information to indicate that the appraiser complied with the requirements of STANDARD I by: (1) summarizing the appraisal methods and techniques employed; (2) stating the reasons for excluding the sales comparison, cost, or income approach(es) if any have not been developed; (3) summarizing the results of analyzing the subject sales, options, and listings in accordance with Standards Rule 1-5; (4) stating the value opinion(s) and conclusions(s); and (S) summarizing the information analyzed and the reasoning that supports the analyses opinions, and conclusions, including reconciliation of the data and approaches; (xi) state the use of th real estate existing as of the effective date and the use of the real estate reflected in the appraisal; (xii) when an opinion of highest and best use was developed by the appraiser, state that opinion and summarize the support and rationale for that opinion; (xiii) clearly and conspicuously: • state all extraordinary assumptions and hypothetical conditions, and • state that their use might have affected the assignment results, and (xiv)include a signed certification in accordance with Standards Rule 2-1. STANDARDS R ULE 1-5 When the value opinion to be developed is market value, if such information is available in the normal course of business: a) analyze all agreements of sale, options, or listings of the subject property current as of the effective date of the appraisal; b) analyze all sales of the subject property that occurred within the three(3) years prior to the effective date of the appraisal. 79 475.611 Florida Statutes: Definitions.- (1) As used in this part, the term: (a) "Appraisal"or"Appraisal Services" means the services provided by certified and licensed appraisers or registered trainee appraisers, and includes: 1. "Appraisal assignment" denotes an engagement for which a person is employed or retained to act, or could be perceived by third parties or the public as acting, as an agent or a disinterested third party in rendering an unbiased analysis, opinion, review, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real property. 2. "Analysis assignment"denotes appraisal services that relate to the employer's or client's individual needs or investment objectives and includes specialized marketing, financing, and feasibility studies as well as analyses, opinions, and conclusions given in connection with activities such as real estate brokerage, mortgage banking, real estate counseling, or real estate consulting. 3. "Appraisal review assignment"denotes an engagement for which an appraiser is employed or retained to develop and communicate an opinion about the quality of another appraiser's appraisal, appraisal report, or work. An appraisal review may or may not contain the reviewing appraiser's opinion of value. (b) "Appraisal Foundation" or "foundation" means the Appraisal Foundation established on November 20, 1987, as a not-for-profit corporation under the laws of Illinois. (c) "Appraisal report" means any communication, written or oral, of an appraisal, appraisal review, appraisal consulting service, analysis, opinion, or conclusion relating to the nature, quality, value, or utility of a specified interest in, or aspect of, identified real property, and includes any report communicating an appraisal analysis, opinion, or conclusion of value, regardless of title. However, in order to be recognized in a federally related transaction, an appraisal report must be written. (d) "Appraisal review" means the act or process of developing and communicating an opinion about the quality of another appraiser's appraisal, appraisal report, or work. (e) "Appraisal subcommittee" means the designees of the heads of the federal financial institutions regulatory agencies established by the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. ss. 3301 et seq.), as amended. (f) "Appraiser" means any person who is a registered trainee real estate appraiser, licensed real estate appraiser, or a certified real estate appraiser. An appraiser renders a professional service and is a professional within the meaning of 95,11(4)(a). (g) "Board" means the Florida Real Estate Appraisal Board established under this section. (h) "Certified General Appraiser" means a person who is certified by the department as qualified to issue appraisal reports for any type of real property (i) "Certified Residential Appraiser" means a person who is certified by the department as qualified to issue appraisal reports for residential real property of one to four residential units, without regard to transaction value or complexity, or real property as may be authorized by federal regulation. Q) "Department" means the Department of Business and Professional Regulation. 80 Page 1 of 5 Vance Real Estate Service ANWONNNOMMIL 9 Jesse B. Vance, Jr., MAI, SRA, ASA, MBA Appraiser - Real Estate Analyst - Reviewer - Expert Witness Vance Real Estate Service - 7481 NW 4 Street - Plantation - Florida - 33317 Office: 954.583.2116; Cell: 954.610.2423; Email: vanceval(a,comcast.net Web Page: www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Currently registered in"SAM" (U.S. Government System for Award Management—DUNS 826494957).Designated appraisers perform the appraisal work,no trainees. Jesse B. Vance, Jr., MAI, SRA, ASA, MBA and Claudia Vance, MAI are qualified as expert witnesses for eminent domain, bankruptcies, deficiency judgments, marriage dissolution, and estate valuations. Our firm values most types of real property interests for sale, mortgage loans, litigation and investment reasonably, timely and professionally. As licensed real estate brokers,we perform most other real property functions.We also do"Valuations for Financial Reporting." PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/DEGREES/LICENSES&CERTIFICATIONS MAI DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 SRA DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 ASA DESIGNATION - AMERICAN SOCIETY OF APPRAISERS(RE-Urban)4003439 MBA DEGREE - REAL ESTATE MANAGEMENT AND DEVELOPMENT STATE-CERTIFIED GENERAL REAL ESTATE APPRAISER 4RZ-85(Florida) FLORIDA STATE LICENSED REAL ESTATE BROKER NO.BK.91050 REGISTERED VETERAN-OWNED SMALL BUSINESS(CCR/Duns 826494957) FLORIDA CERTIFIED SDVBE BUSINESS ENTERPRISE(Minority Business Enterprise-MBE) FLORIDA"D.E.P."APPROVED APPRAISER Currently registered in"SAM"(U.S.Government System for Award Management). B)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION 1.U.S.Court of Appeals,Eleventh Circuit 2.U.S.District Court,Southern District of South Florida 3.U.S.District Court,New Jersey 4.U.S.Bankruptcy Court,Southern District of Florida 5.U.S.Bankruptcy Court,District of New Jersey 6.U.S.Bankruptcy Court,Western(Pittsburgh)Division of Pennsylvania 7.Florida Circuit Courts:Broward,Dade,Palm Beach,Lee,Collier,Martin,and Okeechobee Counties 8.Appraiser on landmark eminent domain cases:TESSLER,NESS TRAILER PARK,PATEL,SIMPSON v. FILLICHIO,RUBANO,PALM BEACH COUNTY(FL)vs.COVE CLUB INVESTORS,LTD. C)EXPERIENCE Over thirty-five(35)years appraising and analyzing real property interests in South Florida Partial list: RESIDENCES, RESTAURANTS/BARS, APARTMENT BUILDINGS, OFFICE BUILDINGS HOTELS/MOTELS, CHURCHES, CONDOMINIUMS/COOPS, HOSPITALS &NURSING HOMES, VACANT LAND, GOLF COURSES, GOLF CLUBS, GASOLINE SERVICE STATIONS, MARINAS, TRAILER PARKS, SHOPPING CENTERS, BANKS/THRIFT INSTITUTIONS, BOWLING ALLEYS, P.U.D.'S, INDUSTRIAL BUILDINGS, TIME-SHARE DEVELOPMENTS, ROCK PITS, SCHOOLS, AGRICULTURAL PROPERTIES, WATER MANAGEMENT DISTRICT, MARKETABILITY, FEASIBILITY ANALYSES, INVESTMENT ANALYSES, AUTO SALES FACILITIES, LEASE VALUATIONS, TAX & ASSESSMENT APPEALS, CONDEMNATION, EXPERT WITNESS (Member National Forensic Center), BUSINESS ENTERPRISE VALUATIONS (BEV), (VFR) VALUATION FOR FINANCIAL REPORTING, AVIGATION & CLEARANCE EASEMENTS, ESTATES, DIVORCES, PLANNING/LAND USE STUDIES, HIGHEST & BEST USE ANALYSES, DEPRECIATION ANALYSES, COMPONENT APPRAISALS, ENVIRONMENTALLY SENSITIVE LAND, CONTAMINATED PROPERTIES, SUGARCANE & TURFGRASS LAND, DAY CARE CENTERS, SELF-STORAGE FACILITIES, FUNERAL HOMES, ANIMAL HOSPITALS, SUBMERGED LAND, CITY CENTERS,etc. 81 Page 2 of 5 D)PARTIAL LIST OF CLIENTS PRIVATE INDIVIDUALS AND CORPORATIONS, ATTORNEYS, ACCOUNTANTS, TRUST DEPARTMENTS, COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust; American National Bank; Landmark Bank; City National Bank; BankUnited; Gateway American Bank; State Farm Bank; Englewood Bank & Trust; SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES, TITLE INSURANCE COMPANIES; FLORIDA CITIES: FORT LAUDERDALE, PLANTATION, COOPER CITY, TAMARAC, LAUDERHILL, BOCA RATON, DEERFIELD BEACH, OAKLAND PARK, WILTON MANORS, HOLLYWOOD, WEST PALM BEACH, DELRAY BEACH, HALLANDALE, PEMBROKE PINES, COOPER CITY, TOWN OF DAVIE, TOWN OF SOUTHWEST RANCHES, MIRAMAR. FLORIDA COUNTIES: BROWARD, PALM BEACH,COLLIER, OKEECHOBEE;BROWARD COUNTY BOARD OF COUNTY COMMISSIONERS;OKEECHOBEE BOARD OF COUNTY COMMISSIONERS. SCHOOL BOARD OF BROWARD COUNTY, FLORIDA, BROWARD COUNTY HOUSING AUTHORITY,STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION(DOT); STATE OF FLORIDA DIVISION OF GENERAL SERVICES(GSA); N. BROWARD GENERAL HOSPITAL DISTRICT; STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION (Approved Vendor);U_S. TREASURY DEPARTMENT(General Counsel, I.R.S.);U.S.MARSHAL'S SERVICE—U.S.ATTORNEY'S OFFICE CENTRAL DIVISION—U.S.Dept.of Justice; VETERANS ADMINISTRATION E)EDUCATIONAL BACKGROUND-(Partial List) BACHELOR OF ARTS- Earlham College,Richmond,Indiana(1954) MBA(Nova University) - Real Estate Management&Development(National Dean's List 1991) Course 1 (AIREA) - Basic Principles of Appraising Course 2 (AIREA) - Urban Property Valuation(Income) Course 4 (AIREA) -Condemnation Appraising Course 6 (AIREA) - Income Capitalization&Analysis Course 101(SREA) - Introduction to Appraising Course 201(SREA) - Income Property Valuation,Theory Course 202(SREA) - Applied Income Property Valuation Course 301(SREA) - Applications/Appraisal Analysis Symposium (SREA) - Market Analysis,1978,Virginia Symposium (SREA) - Market Analysis,1979,Arizona Symposium (SREA) - Market Analysis,1980,South Carolina Symposium (SREA) - Market Analysis,1981,Tennessee Symposium (SREA) - Market Analysis,1982,New Mexico Symposium (SREA) - Market Analysis,1983,Pennsylvania Symposium (SREA) - Market Analysis,1984,Georgia Symposium (SREA) - Market Analysis,1985,Vancouver,B.C. Symposium (SREA) - Market Analysis,1986,New Jersey Clinic (SREA) -#201 Instructor,1987,U.of Illinois Clinic (SREA) -#201 Instructor,1988,Illinois Seminar (SREA) - Professional Practice,1988,Florida Symposium(SREA) - Market Analysis, 1988,California Symposium(SREA) - Market Analysis, 1989,Minnesota MBA Graduate School Courses: 1990—1991 Successfully completed the following graduate school courses: - "Regulation of Real Estate Development" - "Real Properties Management" - "Legal Issues In Real Estate" - "Market Analysis and Site Selection" - "Organizational Behavior and Management' - "Human Resource Management" - "Real Estate Economics" -"R.E.Finance:Instruments,Institutions&Investment Analysis" - "Urban Infrastructure&Environmental Analysis" - "Real Estate Accounting" - "Marketing Management for Real Estate" - "Commercial Real Estate Lending" - "Construction Technology and the Building Development Process" SEMINAR (AI) - Cost Approach(1992/Boston) SEMINAR (AI) - Rates&Ratios(1992/Boston) SEMINAR (AI) - International Appraising(1992/Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial(1993) SEMINAR (AI) - ADA ACT(1993/Reno) SEMINAR (AI) - Hotel Valuation(1993) SEMINAR (AI) - Income Capitalization,Methods(1993) SEMINAR (AI) - Powerlines/Electromagnetic Radiation(1994) SEMINAR (AI) - Verifying Market Data(1994) SEMINAR (AI) - Market Studies for Appraisals(1994) SEMINAR (AI) - Florida Appraiser Core Law(USPAP/1994) 82 Page 3 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994) SEMINAR (AI) - Public Safety&Property Values(1995) SEMINAR (AI) - Outparcel Valuation(1995) SEMINAR (AI) - Computer Technology Video Conference(1995) SEMINAR (AI) - The Internet&the Appraiser(1996) SEMINAR (AI) - Florida Commercial Construction(1996) SEMINAR (AI) - Real Property Rights in Florida(1996) COURSE (AI) - USPAP&Florida Real Estate Core Law(1996) SEMINAR (AI) - Valuation of Trees(199 7) 3-DAY COURSE - Environmental Permitting/Mitigation/Mitigation Banking/Contamination Risk Management- Liability/Wetlands/Hazardous Wastes/LenderLiability(1997/Marco Beach.FL) SEMINAR(AI) -Valuation of Transferable Development Rights[TDR's](1997) COURSE (AI) - Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) - Non-Conforming Uses(1998) SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998) COURSE (AI) - USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) - Econometrics/Statistical Valuation Methods(1999) COURSE (AI) - 14 Hour(2-day)Advanced Spreadsheet Modeling for Valuation Applications SEMINAR(AI) - Globalization of Real Estate/What U.S.Appraisers Need to Know(1999) SEMINAR(AI) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) - Technology Forum Part II/Intermediate(1999) SEMINAR(AI) - Client Satisfaction/Retention/Development(1999) SEMINAR(AI) - Attacking and Defending an Appraisal(1999) SEMINAR(AI) - Federal Appraisal Requirements("Yellow Book')(2000) SEMINAR(AI) - Regression Analysis in Appraisal Practice:Concepts&Applications(2000) SEMINAR(AI) -Analyzing Income Producing Properties(2000) SEMINAR(ATIF) - 1031 Tax Deferred Exchanges(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) - Mediation&Alternate Dispute Resolution Seminar(2001) SEMINAR(AI) - State of the Appraisal Profession(2001) 2-Day SEMINAR - Eminent Domain,by CLE International,Tampa,Florida(200 1) SEMINAR(AI) -Ad Valorem Assessment Process in Florida(2002) SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002) SEMINAR(AI) -Appraisers&the Gramm-Leach-Bliley Federal Privacy Act(2002) SEMINAR(AI) -How to Appraise the Ugly House(2002) COURSE(AI) -2-Day Course#430,Standards of Professional Practice,Part C(2002) SEMINAR(AI) -Market Trends for 2003(2003) SEMINAR(AI) -Update on Code of Professional Ethics(2003) PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003) SEMINAR(AI) -Florida State Law for Real Estate Appraisers(2003) SEMINAR(AI) -Appraisal Agreements(2003) SEMINAR(AI) -Analyzing Distressed Real Estate(2004) SEMINAR(AI) -Valuation for Financial Reporting Purposes(2004) SEMINAR(AI) -7 Hour National USPAP Update Course#1400(2004) SEMINAR(AI) -Inverse Condemnation(2004) SEMINAR(AI) -Appraiser Independence in the Loan Process(2004) SUMMIT (AI) -Moderator at 2-day Appraisal Summit in Washington,D.C.(12/2004) SEMINAR(AI) -Loss Prevention Program for Real Estate Appraisers(2005) SEMINAR(AI) -Valuation of Wetlands(7/2005) SEMINAR(AI) -Tri-County Residential Symposium(8/2005) SEMINAR(AI) -"Cool Tools"Internet Resources and Use for Valuation(2/2006) SEMINAR(AI) -FREAB 7-Hour National USPAP Update(5/2006) SEMINAR(AI) -FREAB 3-Hour Florida State Law for Real Estate Appraisers(5/2006) SEMINAR(AI) -USPAP Scope of Work&New Requirements(8/2006) SEMINAR(AI) -USPAP Reappraising,Readdressing&Reassigning Appraisal Reports(2/2007) SEMINAR(AI) -Al Summary Appraisal Report/Residential(4/07) COURSE(Fla..) -14-Hour Continuing Education(including 3-Hour Florida Core Law)(7/2007) SEMINAR(AI) -Real Estate Fraud:Appraisers Beware!(8/2007) SEMINAR(AI) - Florida Law for Real Estate Appraisers(11/2007) COURSE(AI) -Business Practices and Ethics—8 hours(12/2007) SEMINAR(AI) -Supervisor Trainee Roles and Rules(2/2008) SEMINAR(AI) -7 Hour National USPAP(4/2008) SEMINAR(AI) -USPAP Hypothetical Conditions&Extraordinary Assumptions(5/2008) SEMINAR(AI) -Litigation Skills for the Appraiser—7-Hour Seminar(9/2008) SEMINAR(AI) -Public Sector Appraising(2/2009) 83 Page 4 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) WEBINAR(AI) -Develop an Effective Marketing Plan(3/2009) SEMINAR(AI) -Inspecting the Residential"Green House"(4/2009) SEMINAR(AI) -Property Tax Assessment(5/2010) SEMINAR(AI) -Supervisor Trainee Roles and Rules(7/2010) SEMINAR(AI) -Florida Law for Real Estate Appraisers(7/2010) SEMINAR(AI) -7-Hour Introduction to Valuation for Financial Reporting—Chicago(5/2009) SEMINAR(AI) -Government Regulations&Their Effect on R.E.Appraising(8/2009) SEMINAR(AI) -R.E.Market:How We Got Here,Where We Are,Where We're Going(10/2009) SEMINAR(AI) -7 Hour National USPAP Update Course(10/1/2010) COURSE (AI) -7 Hour Introduction to Conservation Easement Valuation(12/10/2010) SEMINAR(AI) -The Real Estate Market(2/18/2011) COURSE (AI) - 16 Hours Uniform Appraisal Standards for Federal Land Acquisitions("Yellow Boob')(2/25-26/2011) WEBINAR(AI) -Real Estate Industry Perspectives on Lease Accounting(4/7/2011) COURSE (AI) - 15 Hour Appraisal Curriculum Overview(5/19-20/2011) WEBINAR(AI) -2-hour Investment Property Accounting Standards(6/8/2011) SEMINAR(AI) -3 Hour Spotlight on USPAP—Agreement for Services(7/15/2011) COURSE (AI) - 14 Hours(2-day)Advanced Excel Spreadsheet Modeling for Valuation Applications(9/22&9/23/2011) SEMINAR(AI) - Trial Components(11/4/11) SEMINAR(AI) - Lessons from the Old Economy Working in the New(1/20/2012) 7-Hour USPAP -National USPAP Update(3/9/2012) 3-Hour Fla..Law -State Law Update(3/9/2012) SEMINAR(AI) - Appraisal Review for General Appraisers(4/12/2012) SEMINAR(AI) - Land Valuation(4/20/2012) SEMINAR(AI) - The Valuation of Warehouses(6/22/2012) SEMINAR(AI) - Town Hall Meeting:2012 Appraisal Institute Forum(7/12/2012) SEMINAR(AI) - IRS Valuation(7/19/2012) SEMINAR(AI) - 7 Hour Business Practices and Ethics Course(12/7/2012) SEMINAR(AI) - Real Estate Forecast 2013(1/25/2013) COURSE(AI) - 7 Hour Advanced Marketability Studies(5/6/2013) SEMINAR(AI) - Developing a Supportable Workfile(11/15/2013) SEMINAR(AI) - Florida Appraisal Law Course(2/7/2014) SEMINAR(AI) - Liability Issues for Appraisers performing Litigation&Non-Lending Work(2/24/2014) COURSE(AI) - 7 Hour National USPAP Update Course(4/25/2014) SEMINAR(AI) - Economic Conditions(5/16/2014) SEMINAR(AI) - Fundamentals of Going Concerns(7/16/2014) SEMINAR(AI) - Litigation Assignments for Residential Appraisers(7/24/2014) SEMINAR(AI) - Economic Engines of Miami-Dade County,Florida(1/23/2015) SEMINAR(AI) - Economic Engines Driving Broward County,Florida(5/15/2015) 3-Hour Fla.Law - Florida Real Estate Broker 14-hour Continuing Education Course (incl.3 hour core law)with exam(9/2015) SEMINAR(AI) -Drone Technology&its Effect on Real Estate Valuations(11/2015) SEMINAR(AI) -Loss Prevention for Real Estate Appraisers(1/22/2016) COURSE(AI) -7-Hour National USPAP Update Course(4/22/2016) SEMINAR(AI) -3-Hour Florida Appraisal Law(4/22/2016) SEMINAR(AI) -4-Hour Appraisals in the Banking Environment(5/6/2016) SEMINAR(AI) -Appraising the Tough One:Mixed Use Properties(8/19/2016) SEMINAR(AI) -4-Hour Business Practices&Ethics(12/02/2016)5-Year Requirement WEBINAR(AI) -2-Hour Yellow Book Changes—Overview for Appraisers(1/11/2017) SEMINAR(AI) -3-Hours Economic Engines Driving Broward County in 2017(1/27/2017) COURSE(AI) -7-Hours:Introduction to Green Buildings Principles&Concepts(2/24/2017) COURSE(AI) -4 Hours:Another View of the Tough One:Sales Comparison Approach for Mixed-Use Properties(5/19/2017) SEMINAR(AI) -4 Hours:Appraising for Federal Office of Valuation Services&Yellow Book Review(8/18/2017) COURSE(BR) -14 Hours Real Estate Continuing Education,including 3-Hour Florida Real Estate Core Law(9/13/2017) COURSE(AI) - 4-Hours:2-4 Unit Small Residential Income Property Appraisals(11/3/2017) COURSE(AI) - 15 Hours"Yellow Book"Unifonn Appraisal Standards for Federal Land Acquisitions—Passed Exam(11/10/2017) SEMINAR(AI) - 3 Hours"Hot Topics and Myths in Appraiser Liability"(1/26/2018) COURSE(AI) - 7-Hour National USPAP Update Course(2/9/2018) SEMINAR(AI) - 3 Hours Florida Appraisal Law(2/9/2018) SEMINAR(AI) - 3 Hours"Parking Impact on Florida Properties"(5/4/2018) SEMINAR(AI) - 4 Hours"Technology Tips for Real Estate Appraisers"(9/21/2018) SEMINAR(AI) - 3 Hours "Airport Appraisals) (01/25/2019) SEMINAR(AI) - 4 Hours"Understanding an Investigation by a State Appraiser Regulatory Board or Agency(5/17/2019) SEMINAR(AI) - The 50%FEMA Appraisal Rule(8/23/2019) COURSE (BR) - 14 Hours Required Education(8 hrs.Specialty Education;3 hrs.Core Law,3 hrs.Business Ethics(9.3.2019) SEMINAR(AI) - Artificial Intelligence,AVMs,and Blockchain:Implications for Valuation. (1/24/2020) 84 Page 5 of 5 F)APPRAISAL TEACHING EXPERIENCE Licensed by the Florida Department of Education to Teach(Certificate No.275236). Authored and taught Residential and Commercial Real Estate Appraisal Courses for Broward County Adult Education Program. Taught Course 101 - Society of Real Estate Appraisers. Taught Course 201 - Society of Real Estate Appraisers. Taught Appraisal Seminars-Board of Realtors,ASA, SREA,and Al (Appraisal Institute). Adjunct Professor, University of Florida Division of Continuing Education: (taught Course 2, "Real Estate Principles and Practices" to prospective Florida Real Estate Brokers). G)PROFESSIONAL OFFICES HELD/AWARDS NATIONAL B.O.D.MEMBER - BOARD OF DIRECTORS of APPRAISAL INSTITUTE (2006-2008) AWARD - Appraisal Institute`NATIONAL PRESIDENTS AWARD"2008 AWARD - Appraisal Institute"LIFETIME ACHIEVEMENT AWARD"2011 For"high ethical standards,contributions to the Appraisal Institute,Community and Appraisal Profession for at least 20 years." CHAIR - REGION X -All of Florida -Appraisal Institute(2008) VICE-CHAIR - REGION X -All of Florida -Appraisal Institute(2007) THIRD DIRECTOR - REGION X -All of Florida -Appraisal Institute(2006) FINANCE OFFICER - REGION X—All of Florida—Appraisal Institute(2006) PRESIDENT - BROWARD COUNTY,SOCIETY OF REAL ESTATE APPRAISERS PRESIDENT - BROWARD COUNTY,AMERICAN SOCIETY OF APPRAISERS CHAIR - FLA.STATE GOVERNMENT RELATIONS SUBCOMMITTEE OF Al CHAIR - FLA.STATE LEGISLATION&REGULATION SUBCOMMITTEE OF Al G)PROFESSIONAL OFFICES HELD/AWARDS CHAIR - FLORIDA REALTORS COMMITTEE ON COMMITTEE REFORMS CHAIR - EDUCATION COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - CANDIDATES GUIDANCE COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - NATIONAL Valuation for Financial Reporting PROJECT TEAM OF Al VICE CHAIR&MEMBER - NATIONAL GOVERNMENT RELATIONS COMMITTEE OF Al(15 Years) MEMBER - NATIONAL LONG RANGE PLANNING COMMITTEE OF Al MEMBER - NATIONAL PUBLIC AFFAIRS COMMITTEE OF Al DIRECTOR - REGION X(Florida)Appraisal Institute MEMBER - REGION X(FLORIDA)ETHICS AND COUNSELING PANEL DIRECTOR - BROWARD COUNTY,FLORIDA SOCIETY OF REAL ESTATE APPRAISERS DIRECTOR - SOUTH FLORIDA CHAPTER AMERICAN SOCIETY OF APPRAISERS MEMBER - NATIONAL EXPERIENCE REVIEW PANEL MEMBER OF Al SPECIAL MASTER - BROWARD COUNTY BOARD OF TAX ADJUSTMENT COMMISSIONER - 17TH JUDICIAL CIRCUIT COURT,Broward County,FL MEMBER - 2013 APPRAISAL INSTITUTE NATIONAL BUSVAL PROJECT TEAM H)PROFESSIONAL PUBLICATIONS&PRESENTATIONS Wrote and taught a basic Residential Appraisal Course for the Broward County Adult Education Div.of the Dept.of Education; Wrote and taught an Income Appraisal Course for the Broward County Adult Education Division of the Department of Education; Co-authored and taught an appraisal course on Mortgage-Equity Capitalization for the American Society of Appraisers. Authored and taught a Florida State and Appraisal Institute 3-hour accredited course in"The Legislation,Regulation and Appraisal of Real Property Rights in Florida September 7,1996. Presentation on"Gramm-Leach-Bliley"Federal Privacy Act of 1999 for South Florida Chapter of American Society of Appraisers on October 24,2001. Presented 3-hour Florida CEU-credit seminar on"Appraisers and the Gramm-Leach-Bliley Act"before the South Florida Chapter of the Appraisal Institute on July 27,2002. Presenter at 6.5 Hour CLE-credit Attorney Seminar on Florida Eminent Domain,"Valuation and Damage Issues" February 2,2006, Fort Lauderdale,Florida P CIVIC INVOLVEMENT MEMBER OF ROTARY INTERNATIONAL/PAUL HARRIS FELLOW MEMBER OF THE GREATER FORT LAUDERDALE OPERA GUILD MEMBER FLORIDA PHILHARMONIC BROWARD TRUSTEES MEMBER OF THE BROWARD COUNTY LIBRARY SUPPORT GROUP("BYBLOS") MEMBER CIRCLE OF FRIENDS—NOVA SOUTHEASTERN LIBRARY FOUNDATION MEMBER NOVA SOUTHEASTERN UNIVERSITY ALUMNI ASSOCIATION MEMBER OF THE FORT LAUDERDALE HISTORICAL SOCIETY MEMBER OF THE BROWARD COUNTY MUSEUM OF THE ARTS MEMBER OF THE FORT LAUDERDALE/BROWARD COUNTY CHAMBER OF COMMERCE MEMBER OF THE BETTER BUSINESS BUREAU OF SOUTH FLORIDA LIFETIME HONORARY MEMBER FLORIDA SHERIFF'S ASSOCIATION MEMBER NATIONAL&FT.LAUDERDALE COUNCILS U.S.NAVY LEAGUE U.S.ARMY VETERAN WWII(RA 1721268 1)-HONORABLE DISCHARGE 1949 85 I of Vance Beal Estate Service ir 01% Claudia Vance, MAI Appraiser - Real Estate Analyst Reviewer Vance Real Estate Service - 7481 NW 4 Street Plantation - FL - 33317 Office: 954.583.2116 Cell: 954.647.7148 Email:vanceval(a,att.net Web Site:www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Designated appraisers perform the appraisal work,no trainees. Our appraisals are used for financial/mortgage loan purposes from large mixed use complexes to small owner-occupied properties. We have the qualifications for appraisals submitted to SBA. Jesse B.Vance,Jr.,MAI, SRA,ASA and Claudia Vance,MAI are qualified as expert witnesses for eminent domain,deficiency judgments,marriage dissolution,and estates. Our firm values most types of real property interests,timely,professionally,and at competitive costs. PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/LICENSES MAI Designation-APPRAISAL INSTITUTE No.9451 State-Certified General Real Estate Appraiser No.RZ-173 Florida State Licensed Real Estate Broker No.BK 0161305 VOSB Veteran-Owned Small Business(CCR/Duns 826494957) B)WORK HISTORY 1983-Current Vice President-Vance Real Estate Service 1981-1983 President-The Appraisal Company,Fort Lauderdale,Florida C)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION U.S.Bankruptcy Court,Southern District of Florida Florida Circuit Court:Broward County D)PROFESSIONAL DEVELOPMENT PROGRAM REGISTRIES Valuation of Sustainable Buildings: Cormnercial Valuation of Sustainable Buildings: Residential E)EXPERIENCE:35+years appraising and analyzing real property interests in South Florida. F)APPRAISER SPECIAL MAGISTRATE FOR THE BROWARD CO VALUE ADJUSTMENT BOARD 2002-2010 Partial list of real property types valued: High value residences,Condominiums/Co-operatives,Office,Industrial,Multi-family,Restaurants/bars,Auto dealerships,City Centers, Hotels/motels, Houses of worship, Schools, Child care centers, Self-storage, Funeral home, Animal Hospital, Mixed use,Nursing homes,Gas sales stations,Marinas, Mobile home parks, Shopping centers, Country clubs/golf courses,Financial institutions,Bowling centers,Vacant land, Agricultural properties,Environmentally sensitive land Tvpes of Reports: Market Value, Eminent Domain, Marketability, Feasibility, Highest and Best Use, Investment Analyses, Partial Interests, Easement Valuations,Estate planning,Marriage dissolution,Land use studies,Damage/Contamination studies 86 2 of G)PARTIAL LIST OF CLIENTS— PRIVATE: Individuals,Corporations,Attorneys,Accountants,Habitat for Humanity,Seminole Tribe of Florida COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust Citigroup; Space Coast Credit Union; State Farm Bank; Florida Shores Bank;American National Bank;Landmark Bank;City National Bank;Englewood Bank&Trust SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES,TITLE INSURANCE COMPANIES FLORIDA CITIES: Fort Lauderdale, Plantation, Cooper City, Deerfield Beach, Tamarac, Oakland Park, Wilton Manors, Davie,Hollywood,Pembroke Pines,Hallandale Beach,Lauderhill, Southwest Ranches,Miramar,Boca Raton,Boynton Beach, West Palm Beach,Delray Beach FLORIDA COUNTIES and AGENCIES: Broward,Palm Beach,Broward County Board of County Commissioners,School Board of Broward County,Broward County Housing Authority STATE OF FLORIDA Department of Transportation(FDOT),Department of Environmental Protection U.S.Department of Veterans Affairs,U.S.Department of Treasury(IRS),U.S Marshall's Service,U.S.Attorney Hl EDUCATIONAL BACKGROUND Academic: Bachelor of Arts Degree—University of New Orleans,New Orleans,LA—Major: English Professional: Symposium (SREA)- Market Analysis,1983,Philadelphia Symposium (SREA)- Market Analysis,1984,Atlanta Symposium (SREA)- Market Analysis,1985,Vancouver Symposium (SREA)- Market Analysis,1986,Atlantic City Symposium (SREA)- Market Analysis,1988,Los Angeles SEMINAR(AI) -Cost Approach(1992/Boston) SEMINAR(AI) -Rates&Ratios(1992/Boston) SEMINAR(AI) -International Appraising(1992/Boston) SEMINAR(AI) -Litigation Valuation/Mock Trial(1993) SEMINAR(AI) -ADA ACT(1993/Reno) SEMINAR(AI) -Hotel Valuation(1993) SEMINAR(AI) -Income Capitalization,Methods(1993) SEMINAR(AI) -Powerhnes/Electromagnetic Radiation(1994) SEMINAR(AI) -Verifying Market Data(1994) SEMINAR(AI) -Market Studies for Appraisals(1994) SEMINAR(AI) -Florida Appraiser Core Law(USPAP/1994) SEMINAR(AI) -Limited Appraisals&Reports(USPAP/1994) SEMINAR(AI) -Public Safety&Property Values(1995) SEMINAR(AI) -Outparcel Valuation(1995) SEMINAR(AI) -Computer Technology Video Conference(1995) SEMINAR(AI) -The Internet&the Appraiser(1996) SEMINAR(AI) -Florida Commercial Construction(1996) SEMINAR(AI) -1996 Data Exchange(1996) SEMINAR(AI) -Real Property Rights in Florida(1996) COURSE (AI) -USPAP&Florida Real Estate Core Law(1996) SEMINAR(AI) -Valuation of Trees(1997) SEMINAR(AI) -Valuation of Transferable Development Rights[TDR's](1997) COURSE (AI) -Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) -Non-Conforming Uses(1998) SEMINAR(AI) -The Impact of Contamination on Real Estate Value(1998) COURSE (AI) -USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) -Econometrics/Statistical Valuation Methods(1999) SEMINAR(AI) -Globalization of Real Estate/What U.S.Appraisers Need to Know(1999) SEMINAR(AI) -The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) -Technology Forum Part II/Intermediate(1999) SEMINAR(AI) -Client Satisfaction/Retention/Development(1999) SEMINAR(AI) -Attacking and Defending an Appraisal(1999) SEMINAR(AI) -Federal Appraisal Requirements(2000) SEMINAR(AI) -Regression Analysis in Appraisal Practice:Concepts&Applications(2000) 3 of4 H)EDUCATIONAL BACKGROUND(Continued) SEMINAR(AI) -Analyzing Income Producing Properties(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) -Mediation&Alternate Dispute Resolution Seminar(200 1) SEMINAR(AI) -State of the Appraisal Profession(2001) SEMINAR(AI) -Ad Valorem Assessment Process in Florida(2002) SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002) SEMINAR(AI) -Appraisers&the Gramm-Leach-Bliley Federal Privacy Act(2002) SEMINAR(AI) -How to Appraise the Ugly House(2002) COURSE(AI) -2-Day Course#430,Standards of Professional Practice,Part C(2002) SEMINAR(AI) -Market Trends for 2003(2003) SEMINAR(AI) -Update on Code of Professional Ethics(2003) PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003) SEMINAR(AI) -Florida State Law for Real Estate Appraisers(2003) SEMINAR(AI) -Appraisal Agreements(2003) SEMINAR(AI) -Analyzing Distressed Real Estate(2004) SEMINAR(AI) -Valuation for Financial Reporting Purposes(2004) SEMINAR(AI) -National USPAP Course(2004) SEMINAR(AI) -Inverse Condemnation(2004) SEMINAR(AI) -Loss Prevention(2005) SEMINAR(AI) -Single Family Fraud Awareness(2005) SEMINAR(AI) -Guide to the new URAR form(2005) SEMINAR(AI) -Technologies for Real Estate Appraisers(2006) SEMINAR(AI) -The Appraiser's Role in New Urbanism(2006) SEMINAR(AI) -National USPAP Update(2006) SEMINAR(AI) -Florida State Law for Real Estate Appraisers(2006) SEMINAR(AI) -Scope of Work and the New USPAP Requirements(2006) SEMINAR(AI) -Energy Star and the Appraisal Process(2006) SEMINAR(AI) -Reappraising,Readdressing,and Reassigning Appraisals(2007) SEMINAR(AI) -Real Estate Fraud(2007) SEMINAR(AI) -Forecasting Revenue(2007) SEMINAR(AI) -Florida Law for Real Estate Appraisers(2007) COURSE(AI) -Business Practice and Ethics#420(2007) SEMINAR(AI) -Supervisor—Trainee Roles and Rules(2008) COURSE(AI) -7 Hour National USPAP Update#400(2008) SEMINAR(AI) -Hypothetical Conditions and Assumptions(2008) SEMINAR(AI) -Real Estate Economy(2008) SEMINAR(AI) -Public Sector Appraising(2009) SEMINAR(AI) -Inspecting the residential"green"house(2009) WEBINAR(AI) -Value for Financial Reporting(2009) SEMINAR(AI) -The Real Estate Market in 2009 SEMINAR(AI) -New Government Regulations(2009) SEMINAR(AI) -Property Tax Assessment(2010) SEMINAR(AI) -7 Hour National USPAP(2010) SEMINAR(AI) -Florida Law for Real Estate Appraisers(2010) SEMINAR(AI) -Supervisor/Trainee Roles and Rules(2010) SEMINAR(AI) -The Real Estate Market(2011) SEMINAR(AI) -Uniform Appraisal Standards for Federal Land Acquisitions-"Yellow Boob'(2011) COURSE(AI) -15 Hour Appraisal Curriculum Overview(2011) SEMINAR(AI) -Spotlight on USPAP—Agreement for Services(2011) SEMINAR(AI) -Trial Components(2011) SEMINAR(AI) -Lessons from the Old Economy Working in the New(2012) SEMINAR(AI) -Appraisal Review for General Appraisals(2012) COURSE(AI) -National USPAP Update(2012) SEMINAR(AI) -Florida Law(2012) SEMINAR(AI) -Land Valuation(2012) SEMINAR(AI) -Valuation of Warehouses(2012) SEMINAR(AI) -IRS Valuation(2012) SEMINAR(AI) -Business Practices and Ethics(2012) SEMINAR(AI) -Real Estate Forecast(2013) SEMINAR(AI) -Advanced Marketability Studies(2013) SEMINAR(AI) -Developing a Supportable Workfile(2013) 88 4 of H)EDUCATIONAL BACKGROUND(Continued) SEMINAR(Al) -Florida Appraisal Law(2014) SEMINAR(Al) -Liability Issues for Appraisers performing Litigation&Non-Lending Work(2014) COURSE(Al) -7 Hour National USPAP Update Course(2014) SEMINAR(Al) -Florida Law(2014) SEMINAR(Al) -New Real Estate Economy(2014) SEMINAR(Al) -Economic Engines of Miami-Date County(2015) SEMINAR(Al) -Economic Engines of Broward County(2015) SEMINAR(Al) -Tightening the Appraisal(2015) SEMINAR(Al) -Evaluating Commercial Construction(2015) SEMINAR(Al) -Drone Technology(2015) SEMINAR(Al) -Loss Prevention for Appraisers(2016) COURSE(Al) -7 Hour National USPAP Update(2016) SEMINAR(Al) -Florida Law(2016) SEMINAR(Al) -Redefining the Appraisal&Its Role in an Evolving Banking Environment(2016) SEMINAR(Al) -The Tough One,Mixed use properties(2016) SEMINAR(Al) -Business Practices&Ethics(2016) SEMINAR(Al) -Economic Engines Driving Broward County(2017) SEMINAR(Al) -Introduction to Green Buildings&passed exam(2017) SEMINAR(Al) -Another View of the Tough Ones(2017) SEMINAR(Al) -Appraising for the Office of Valuation Services,Department of the Interior(2017) SEMINAR(Al) -Case Studies in Appraising Green Residential Buildings&passed exam(2017) SEMINAR(Al) -Uniform Appraisal Standards for Federal Land Acquisitions&passed exam(2017) SEMINAR(Al) -Hot Topics&Myths in Appraiser Liability(2018) COURSE(Al) -7 Hour National USPAP Update(2018) SEMINAR(Al) -Florida Law(2018) SEMINAR(Al) -Parking&Its Impact on Florida Properties(2018) SEMINAR(Al) -What's New in Residential Construction(2018) SEMINAR(Al) -Valuation Resources for Solar Photovoltaic Systems(2018) SEMINAR(Al) -Technology Tips for Real Estate Appraisers(2018) SEMINAR(Al) -Residential&Comnnercial Valuation of Solar&passed exam(2018) SEMINAR(Al) -Airport Appraisals(2019) SEMINAR(Al) -Practical Applications in Appraising Green Commercial Properties&passed exam(2019) D PROFESSIONAL INVOLVEMENT Region X Representative of the Appraisal Institute 2006—2009 President of the South Florida Chapter of the Appraisal Institute-2003 First Vice-President of the South Florida Chapter of the Appraisal Institute-2002 Second Vice-President of the South Florida Chapter of the Appraisal Institute-2001 Secretary of the South Florida Chapter of the Appraisal Institute-2000 Treasurer of the South Florida Chapter of the Appraisal Institute-1999 Chair of the Education Committee of the S.Florida Chapter of the Appraisal Institute-1995,1996,1997,1998,2007-2018 Director of the South Florida Chapter of the Appraisal Institute 1996-1998 Member of Region X(Florida)Ethics and Counseling Panel—Al Graduate of the Florida REALTORS Institute(GRI) J) CIVIC INVOLVEMENT Member of the Navy League of the United States—Fort Lauderdale Council Lifetime Honorary Member-Florida Sheriff s Association Member of Zeta Tau Alpha Alumnae Fraternity 89 o ft isi?y` w s ; ° i4#}Siiry4lf(s c t5 c Sao E"- vE m" co " C) a 0 r 3 oc MM _ ° o m {�# �i�4flyit4 "o WC o " 0 w c -5 3v2ow w JS;k(zi(ii o88 0,0 c> vWT v °va��w �> Jff`trS({}kt(i# vE2L E� v oa oo��ov�� E� t;#Sid{�4RIA't vIc ° z m a`v E¢ a>m`m¢m'z rn z m ttl4!\ }f� o w r l{ry}41�t{,t G v �tsttt\��\ttst tya4o?k `° -o ry wCC m £ 0 (y3 \1 � Cc 00 00 ow " Eo N-o° °0 o �P i ' lk)ktii 1R;l`t# mw Tv2- C6 ao - %IN Eo ` 16 o oUN Ld zEL c oE Tv btijy j}iJ4;}3413`t FO LLSw w o � v (sy(3y�ty1S \ 3 - E E }xyG#ytr i4$iA o E w w o n },fl 3��ti4},>��' S o w ` t#f ill�1�t`,(St�. ~c E a E a m U E rf sl\k"NIN\\�{j i v U E° a Eol y�11117�Yt��y(`� m meq"r� a s o E>` o £�ti 4yt1S"41 r T v E ow `3 w 0; w =� vow o �r E w m ` (y t11A}tt o o �o2ri"oE `m 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SUBJECT: Discussion and Consideration of the Purchase of the Property located at 115 NE 4th Avenue SUMMARY: At their February 9, 2021 meeting, staff provided the CRA Board with information concerning the listing of a privately owned property for sale adjacent to several CRA owned parcels within the Cottage District Project site. The property for sale is located at 115 NE 4th Avenue and was listed in the Multiple Listing Service for the price of$350,000 (see Attachments 1-11). Staff discussed the fact that conversations had occurred with the owner, Valrie Brown-McIntosh about the future Cottage District Project since her acquisition of the property in 2013. In hopes of pursuing acquisition of the parcel, the CRA had an appraisal performed on the property in June 2017 and again in January 2019 (see Attachment III-IV). Both appraisals arrived at a market value of $170,000. During the February 9th meeting, the CRA Board voted to direct the Executive Director to make an offer to purchase the 115 NE 4th Avenue property in the amount of $275,000 with no financing contingency and a closing within thirty days of an Effective Date. Ms. Brown-McIntosh responded to the CRA's offer with a counter offer of $320,000 and disclosed to the Executive Director that the property was currently under contract for the amount of $340,000 and that if the CRA accepted her counter offer, the CRA's contract would be in a back-up offer position in the event the current contract was cancelled during the due diligence period. At this point in the negotiation process, the CRA Board may: • accept the counter offer of $320,000 acknowledging that a contract would be in a back-up position • make a counter offer of price or terms • terminate negotiations FISCAL IMPACT: To be determined by the CRA Board. CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Action to be determined by the CRA Board. ATTACHMENTS: Description D Attachment I - Map for 115 NE 4th Avenue D Attachment II - M LS Listing, 115 NE 4th Avenue D Attachment III -January 2019 Appraisal D Attachment IV -June 2017 Appraisal f } 1 pf < W e � s v Ln 111 td 4'- ♦W♦ Fti �^y ii t� � �y •r, rWr � `^Y, W a..J 4-1 Q� in --+ ® hr a-+ U OCL tu CA O Q cu O s rr 4-d ate-+ %4- cu 4-,cu Pmtm O [� I 75 O 1 � a-+ � � ?! cutw O v� 3/3/2021 PAPA Maps DOROTHYJACKS CFAAAS )) 4 ; P,1,11 IC. 1,P party App J4{!ttuvurdh'�a�utiu«!S,�(1 Search by Owner,Address or Parcel , ,It 51U]Aae - N View Property Record Owners BROWN MCINTOSH VALRIE ! Property Detail 115 NE4TH AVE t l =- Murmcioahty BOYNTON BEACH r - .Parcei No. 08434521290030052 - ct SHEPARD ADD TO TOWN OF t `��:,,..:;,.�.,-,�:: BOYNTON IN k`: i,. ! �, ++'• Book 25924 . e.a 1862Sai .+4Ye Ii' i iii,{{r e Da e=.APR-2013l000 F 115 NE4THAVE - �t (Mai iolg ,.� ,"e s., BOYNTON BEACH FL et , 334353865 I tat�\ Sty t tg } i Jsa. .iyoe 0100-SINGLE FAMILY il ' `� :e' e e 1134 }�y�"'R"o Sales Information Sales Date Price t APR-2013 64500 F NW 4th AUG-2012 10 AvlejiiJit,�l >iit;t t #t NE 4th eve 0' J�� � r�tt7l� S iil�� � s ris7l 4> a t i 1, } �•,.i !�t}}JSWt�1 r i�i i k1k 7t1 JUN-2012 0 Jr� ,� lk'nf lJi \..fits i DEC-2009 40400 AN-1986 38500 - ! t (Qtlll}11 t(\)op I ' 12o Appraisals Tax Year 2020 i' �t x .^ e...e...�t .ue=. $89,351 V .we=. $30,000 s 11 �1 a, - ..()tai Market Va..we=. $119,351 All values are as of p January 1 st SI ` each year Assessed/Taxable values Tax Year 2020 �i Arre^,^,t t e=. $48,537 ' :Xe.i ..Amount $25,000 axabi e Vaiue $23,537 ,t - G i NE 3rcl Atte - s,t t Taxes Tax Year 2020 Ad !..:;;:e m $504 . .u,,..Ad Valorem $293 .,,.a._..ax $797 https://maps.co.paIm-beach.fl.us/cwgis/papa.htmI?qvalue=08434521290030052 1/1 115 NE 4th Avenue, Boynton Beach, FL 33435 Backup Residential MLS#: RX-10682220 List Price: 350,000 Area:4330 Subdivision: SHEPARD Lot Sq Ft: 5,001 Geo Area: PB 12 Development Name: List Price Sqft:308.64 County: Palm Beach Model Name: OLP: 350,000 Parcel ID:08434521290030052 Lot Dimensions: Waterfront: No Type:Single Family Detached Dock: Waterfrontage:0 Baths-Total:2 Private Pool: No Short Sale: No REO: No Short Sale Add: No SgFt-Living: 1,134 Sq Ft-Total: 1,134 Guest Hse: Yr Bit: 1930 Pool Size: BD: 3 FB:2 Baths-Half:0 Yr Bit Des: Resale Pets Allowed:Yes Baths-Total:2 Year Built: 1930 Garage Spaces:0 Bldg#: Governing Bodies: None Application Fee: Brand Name: Total Floors/Stories: 1 Land Lease: HOA/POA/COA(Monthly): Taxes: 796.64 Total Units in Bldg: Recreation Lease: Mobile Home Size: Tax Year:2020 Ttl Units in Complex: Min Days to Lease: Decal#: Special Assessment: No Unit Floor#: Lease Times p/Year: Serial#: Membership Fee Required: No Design: <4 Floors Waterfront Details: None Restrict: Lease OK; None Construction: Frame View: Garden Boat Services: Unit Desc: Private Pool Description: Guest House: Flooring:Vinyl Floor;Wood Floor Security: Parking: Driveway Furnished: Unfurnished Membership: No Membership Avail Taxes: City/County Dining Area: Cooling: Ceiling Fan; Central Membership: No Membership Avail Guest House: Heating: Central Roof: Metal Utilities: Public Sewer; Public Water Special Info: Window Treatments: Storm Protection: None Rooms: Florida Master Bedroom/Bath: Mstr Bdrm-Ground Dining Area: Window Treatments: Equip/Appl Included: Hookup; Range-Electric; Refrigerator Private Pool Description: Parking: Driveway Lot Description: < 1/4 Acre Maintenance Fee Incl: Subdiv.Amenities: Park Exterior Features: Fence Interior Features: Split Bedroom Directions:Gateway to Seacrest South to 4th Avenue East. Legal Desc:SHEPARD ADD E 50 FT OF S 100 FT OF LT 5 BILK 3 Public Remarks: Come and be part of the New Boynton Beach Redevelopment initiative within walking distance of your new home!This home is part of Federal "Opportunity Zone"program with many benefits and options to the new Buyer. It is located in the new"Boynton Beach Cottage District."It can be torn down and rebuilt or simply kept as an a future asset!Find out what is happening in the"New"Boynton Beach.This home is available as a PACKAGE along with RX-10681323. Purchase 1 or both properties! Unique investment opportunity to enhance your portfolio! Enjoy the beautiful beaches,and visit the world famous shops and restaurants on Atlantic Avenue only minutes away!NO HOA fees which gives you complete autonomy,and you can bring your pets of all size Sold Dt: DOM:56 Terms: SP: i } it c „r 4 Information is deemed to be reliable,but is not guaranteed.©2021 MLS and FBS.Prepared by Roy M Simon on Thursday,March 04,2021 2:04 PM.The information on this sheet has been made available by the MLS and may not be the listing of the provider. APPRAISAL REPORT SINGLE FAMILY RESIDENCE 115 NORTHEAST 4 AVENUE BOYNTON BEACH,FLORIDA 33435 by Vance Real Estate Service 7481 Northwest Fourth Street Plantation,Florida 33317-2204 for Boynton Beach Community Redevelopment Agency 710 North Federal Highway Boynton Beach, FL 33435 January 9, 2019 Vance Real Estate Service sf, January 9, 2019 t`,'ic'{{ti{cif{�i`°t {ittt`'{tistV� Boynton Beach Community Redevelopment Agency 710 North Federal Highway Boynton Beach, FL 33435 i i RE: Single family residence, 115 NE 4 Avenue, Boynton Beach, FL 33435 (Legal description is in the report) Ladies and Gentlemen: In fulfillment of our agreement, we transmit our Appraisal Report, in which we develop an opinion of market value for the fee simple estate in the referenced real property as of January 9, 2019. The report sets forth our value conclusion, along with data and reasoning supporting our opinion. This report was prepared for and our professional fee billed to Boynton Beach Community Redevelopment Agency. Our analyses have been prepared in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP 2018-2019). This report is for possible acquisition of the appraised property. ! Jesse B. Vance, Jr. and Claudia Vance visited the property. If you have questions or further needs, please contact the undersigned. As a result of our analyses, we have developed the following opinion of the market value of the appraised property, subject to definitions, certifications, and limiting conditions set forth in the attached report. ONE HUNDRED SEVENTY THOUSAND SIX HUNDRED DOLLARS $170,600 I (THIS LETTER MUST REMAINATTACHED TO THE REPORT WTH SEVENTY-FOUR(74)NUMBERED PAGES FOR THE VALUE OPINION SET FORTH TO BE CONSIDERED VALID.) Respectfully submitted, Jesse B. Vance, Jr., MAI, SRA, ASA State-Certified General Real Estate Appraiser RZ-85 Claudia Vance, MAI State-Certified General Real Estate Appraiser RZ-173 MBA REAL ESTATE MANAGEMENT AND DEVELOPMENT 7481 Northwest 41h Street,Plantation,FL 33317-2204 954/583-2116 -- TABLE OF CONTENTS Pate Number Title Page i Letter of Transmittal ii Table of Contents iii INTRODUCTION 4 P otograp s o Subject t eProperty 5 1-3-5 Mile Location Map 8 1-3-5 Mile Summary of Demographic Statistics 9 Summary of Important Facts and Conclusions 11 DESCRIPTIONS ANALYSES & CONCLUSIONS 12 I entity of Client and Intended User 13 Intended Use 13 Identification of Real Estate Appraised 13 Ownership 13 Property Address and Legal Description 13 Real Estate Tax Analysis 14 Market Area Description 14 Zoning 21 Site Description 22 Building Description 22 Real Property Interest Appraised 24 Appraisal Purpose and Definition of Market Value 24 Effective Dates of the Appraisal and Report 25 Scope of the Work 25 Summary of Information Considered 26 Property History 26 Highest and Best Use 27 SALES COMPARISON APPROACH 31 Improved Sales es Location Map 32 Improved Sales Documentation 33 Improved Sales Comparison & Adjustment Chart 43 Valuation by Sales Comparison 44 FINAL VALUE OPINION 48 Certification and Limiting Conditions 49 ADDENDA 51 Acquiring deed 52 Building sketch 54 Copy of"R-2" Zoning Ordinance 55 USPAP Standards Rule 2-2a 63 Qualifications of the Appraisers 65 INTRODUCTION �f qtl —"`- rAll 41 te 1 r tP N' Front(South)Building Elevation East Buildin Elevation ! NMI t TZ' �I r itP y. 1 tug' _ } � 1 f �� %fs£{Q;' � ��,/ V� � rev✓, � � s�.1''-�1 l .: 2 1 1 � { Y �` � r k� Sli r Rear Building Elevation Rear Yard it � Al t t, s r rPi i u: Front Porch Area Y � h SGP ' t1��AG,,Ettrrisk, i Bedroom Living Room PHOTOS OF THE VALUED PROPERTY 115 NE 4 Avenue Boynton Beach,Florida 5 1. APi r4 fy�t� f, Bedroom Bathroom »v mar-..xr.. ,. _ �� _ .:,•�..� t�I, Kitchen Bedroom t�l yst1y11)str (y�f�l s� h ��s` Rest Room Utility Room ADDITIONAL PHOTOS OF THE VALUED PROPERTY 115 NE 4 Avenue Boynton Beach,Florida 6 l s 5 � 1 j 1S � I 44 s 4 t� 4 3 a"`A�18;sa��caS�Ns "`;�`'' hrt�83sa�arsSN 44: ty 4%7 It -4i 41 Ll t@ t iil444S e ttSt`� 4 � n �i 4 ksiaT HII`Gra I iii t {•I�1taEIV'l1o�L itf, ct.yiu c 9 5;6t44t t* nn. L.L.t L.L.t L.imv. 4a l�elr_@Ica FcaT ra,I� �rr� Pi rk L a In Bea,h 1t ;F E f L ow } Pafenp Senn�S �. c L�lll 11 y�.CluLS r m G€eenacres _ s v ti Lake ,1p,t Worth g. h Rd LL �µ 4bvUufrd� -C r"L , &021 LskeI atth Lska kart -hlnla--Ln' �� Sm Rv m 4 LiLE 4S y 11 "North i anWna Rel Larituta Rd r i Lantana t�f Yaluxa Rd -LBS-pal �,t�, RdSy u7 L Old H 11 m15 Rd � } ; W.fieypn.'eorx each Ovid W Bayni �E3-emeh®f�d nton each Quall OIgigC -i q C:oul ux', uL s V dtive `5 Illinl 3'1 I ul G,If �.�d Fic .r�ur.� if (.' eke tJ Beacham S Jmj W�R1Wa tleAa Kings Paint, W 10th St .� Lcr ucn Blvd, '� t1l�rvel L I i nYurl . Blvd 3 � ldl Ilt � �luh Liil= i�ghrand l Beach 1 j .y I 1b C:IL, of Fst�aire Ali C ]ly, I3.:,i R,I ounlrp Ulm Moore Rd C lnt �!".. . 1-3-5 MILE RADII FROM THE VALUED PROPERTY 115 NE 4th Avenue Boynton Beach, Florida 8 • Gesn" 115 NE 4th St, Boynton Beach, Florida, 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Population 2000 Population 11,798 64,669 155,339 2010 Population 12,056 72,404 171,804 2018 Population 14,200 79,922 187,034 2023 Population 15,477 85,366 198,156 2000-2010 Annual Rate 0.22% 1.14% 1.01% 2010-2018 Annual Rate 2.00% 1.20% 1.03% 2018-2023 Annual Rate 1.74% 1.33% 1.16% 2018 Male Population 49.2% 47.8% 47.7% 2018 Female Population 50.8% 52.2% 52.3% 2018 Median Age 42.8 44.3 47.1 In the identified area, the current year population is 187,034. In 2010, the Census count in the area was 171,804. The rate of change since 2010 was 1.03% annually.The five-year projection for the population in the area is 198,156 representing a change of 1.16% annually from 2018 to 2023. Currently, the population is 47.7% male and 52.3%female. Median Age The median age in this area is 42.8, compared to U.S. median age of 38.3. Race and!Ethnicity 2018 White Alone 49.1% 59.9% 64.9% 2018 Black Alone 43.9% 32.0% 26.5% 2018 American Indian/Alaska Native Alone 0.3% 0.3% 0.3% 2018 Asian Alone 1.1% 1.8% 2.2% 2018 Pacific Islander Alone 0.0% 0.0% 0.0% 2018 Other Race 3.1% 3.4% 3.7% 2018 Two or More Races 2.5% 2.7% 2.5% 2018 Hispanic Origin (Any Race) 13.7% 16.5% 16.9% Persons of Hispanic origin represent 16.9% of the population in the identified area compared to 18.3% of the U.S. population. Persons of Hispanic Origin may be of any race.The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 64.7 in the identified area, compared to 64.3 for the U.S. as a whole. Households 2000 Households 4,660 28,143 67,974 2010 Households 4,817 31,117 74,226 2018 Total Households 5,758 34,353 80,394 2023 Total Households 6,313 36,735 85,135 2000-2010 Annual Rate 0.33% 1.01% 0.88% 2010-2018 Annual Rate 2.19% 1.21% 0.97% 2018-2023 Annual Rate 1.86% 1.35% 1.15% 2018 Average Household Size 2.46 2.29 2.30 The household count in this area has changed from 74,226 in 2010 to 80,394 in the current year, a change of 0.97% annually. The five-year projection of households is 85,135, a change of 1.15% annually from the current year total. Average household size is currently 2.30, compared to 2.29 in the year 2010.The number of families in the current year is 45,999 in the specified area. Data Note:Income is expressed in current dollars Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography. December 21, 2018 9 • Gesn" 115 NE 4th St, Boynton Beach, Florida, 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Median Household Income 2018 Median Household Income $45,948 $50,335 $52,721 2023 Median Household Income $54,014 $56,831 $60,202 2018-2023 Annual Rate 3.29% 2.46% 2.69% Average Household Income 2018 Average Household Income $73,783 $72,065 $77,438 2023 Average Household Income $88,518 $85,097 $91,642 2018-2023 Annual Rate 3.71% 3.38% 3.43% Per Capita Income 2018 Per Capita Income $30,717 $31,667 $33,727 2023 Per Capita Income $37,014 $37,301 $39,804 2018-2023 Annual Rate 3.80% 3.33% 3.37% Households by Income Current median household income is$52,721 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $60,202 in five years, compared to $65,727 for all U.S. households Current average household income is$77,438 in this area, compared to $83,694 for all U.S. households. Average household income is projected to be $91,642 in five years, compared to $96,109 for all U.S. households Current per capita income is $33,727 in the area, compared to the U.S. per capita income of$31,950. The per capita income is projected to be $39,804 in five years, compared to $36,530 for all U.S. households Housing 2000 Total Housing Units 5,756 33,927 81,074 2000 Owner Occupied Housing Units 3,079 20,302 51,403 2000 Renter Occupied Housing Units 1,582 7,840 16,570 2000 Vacant Housing Units 1,095 5,785 13,101 2010 Total Housing Units 6,604 39,919 92,408 2010 Owner Occupied Housing Units 2,899 19,968 51,990 2010 Renter Occupied Housing Units 1,918 11,149 22,236 2010 Vacant Housing Units 1,787 8,802 18,182 2018 Total Housing Units 7,748 43,178 98,449 2018 Owner Occupied Housing Units 3,123 19,968 51,838 2018 Renter Occupied Housing Units 2,635 14,385 28,556 2018 Vacant Housing Units 1,990 8,825 18,055 2023 Total Housing Units 8,428 45,644 103,648 2023 Owner Occupied Housing Units 3,521 21,746 55,798 2023 Renter Occupied Housing Units 2,792 14,988 29,337 2023 Vacant Housing Units 2,115 8,909 18,513 Currently, 52.7% of the 98,449 housing units in the area are owner occupied; 29.0%, renter occupied; and 18.3% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.2% are vacant. In 2010, there were 92,408 housing units in the area - 56.3% owner occupied, 24.1% renter occupied, and 19.7% vacant. The annual rate of change in housing units since 2010 is 2.85%. Median home value in the area is$217,093, compared to a median home value of$218,492 for the U.S. In five years, median value is projected to change by 2.72% annually to$248,292. Data Note:Income is expressed in current dollars Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography. December 21, 2018 10 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS PROPERTY APPRAISED: Single family residence 115 Northeast 4 Avenue Boynton Beach, FL 33435 OWNERSHIP: Valrie Brown McIntosh 115 Northeast 4 Avenue Boynton Beach, FL 33435 LAND AREA: 5,000 square feet IMPROVEMENTS: Single family residence containing 1,134 square feet of building area, constructed in 1930. There are three bedrooms and two bathrooms, and no enclosed car storage structure. ZONING: "R-2", Single and two-family residential district in the city of Boynton Beach APPRAISAL PURPOSE: To develop an opinion of market value INTEREST APPRAISED: Fee simple CURRENT USE: Single family residence HIGHEST AND BEST USE: As vacant: Single family residence As improved: Single family residence VALUE BY THE SALES COMPARISON APPROACH: ONE HUNDRED SEVENTY THOUSAND SIX HUNDRED DOLLARS 170 600 VALUATION DATE: January 9, 2019 Exposure Time: 6 months prior to selling at the appraised value 11 DESCRIPTIONS, ANALYSES, CONCLUSIONS APPRAISAL REPORT This is an APPRAISAL REPORT that complies with Standard Rule 2-2(a) of the Uniform Standards of Professional Appraisal Practice (USPAP 2018 - 2019) 2-2(a)(i) State the identity of the client and any intended users, by name or type; The client and intended user of this report is the Boynton Beach Community Redevelopment Agency. 2-2(a)(ii) State the intended use of the appraisal; The intended use of the appraisal is for possible acquisition of the appraised property. Any other use is not intended. 2-2(a)(iii) Summarize information sufficient to identify the real involved in the appraisal, including the physical, legal and economic property characteristics relevant to the assignment; Owner: Valrie Brown McIntosh 115 Northeast 4 Avenue Boynton Beach, FL 33435 Property Address: 115 Northeast 4 Avenue Boynton Beach, FL 33435 Legal Description: East 50 feet of the south 100 feet of Lot 5, Block 3, SHEPARD ADDITION TO BOYNTON, Plat Book 2, page 59, Palm Beach County, FL Census Tract No. 61 13 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Real Estate Tax: Parcel Control Number: 08 43 45 2129 003 0052 Land Value: $20,117 Improvement Value: 76,316 Total Value: $96,433 Assessed Value: $46,561 Taxable Value: $21,561 Ad Valorem Tax: $ 454 Non Ad Valorem Tax: $ 295 Total Tax: $ 749 There is a homestead exemption on this property. Properties are assessed in arrears by the county property appraiser. The tax bill is issued in November and a 4% discount is given to a tax payer if the amount is paid in November. The discount diminishes until March, when the tax is due and payable. Market Area Description: Boundaries and Market Composition & Transportation Infrastructure The general market area is the City of Boynton Beach in eastern-central Palm Beach County. Population of the city is about 72,000 residents; land area of the municipality is about 16 square miles situated between Delray Beach on the south and Lake Worth on the north. The town was named for an early developer, Nathan Boynton, a former major in the Union Army in the Civil War. The city was founded in 1898 and incorporated in 1920. Most of the original buildings were destroyed in the hurricane of 1926, though a few remain. Others which were constructed in the early 1920's are still in use with repairs and replacements over the decades. 14 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Time and economic trends take a toll on properties; thus, in 1984 a redevelopment plan was adopted for the Community Redevelopment Area (CRA) in the city. It covers 1,650 acres in the central part of the municipality west of the Intracoastal Waterway. One of the districts in the CRA is the immediate subject market area known as the Heart of Boynton (HOB), containing 380 acres. This area is the historic, older part of the CRA, with the following boundaries: Boynton Beach Canal (C-16) on the north, Florida East Coast (FEC) Railroad on the east, Interstate 95 on the west, and jagged line a few blocks north of Boynton Beach Boulevard as the south boundary, at about NE 3 Avenue. Agriculture and farming had been important activities in past centuries in Boynton Beach. Commerce came to the area when Henry Flagler extended the Florida East Coast Railway (FEC) from West Palm Beach to Miami in 1896. The railroad was the main mode of transportation to bring visitors and manufactured products to the city as well as transporting produce grown in the vicinity out of the area to other cities in the southeastern United States. Now the railroad is primarily used for freight transportation. The new Brightline rapid passenger service was constructed in the FEC corridor; however, there is only one depot in Palm Beach County in West Palm Beach. Boynton Beach Boulevard is the principal east-west artery in the subject market area, having an interchange with Interstate 95 on the west side of the neighborhood. The boulevard continues west through Palm Beach County to its terminus at State Road 7/ U S Highway 441. Two miles east of State Road 7, it has an interchange with Florida's Turnpike. Boynton Beach Boulevard commences on the east at U S Highway 1, just to the east of the FEC Railroad. U S Highway 1 is the main north-south artery through eastern Palm Beach County and extends along the eastern seaboard of the United States. 15 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Seacrest Boulevard is a main north-south artery through the City of Boynton Beach and south into Delray Beach. Martin Luther King, Jr. Boulevard is an east-west thoroughfare through the Heart of Boynton. The immediate subject market area is easily accessible by main roads and Interstate 95. Property types in the Heart of Boynton are smaller commercial establishments along the main roads, light industrial close to the FEC Railroad, municipal facilities, single family residential, small multi-family dwellings, a few apartment buildings and places of worship. As mentioned, some structures date back to the 1920's, but most which are still usable were built in the mid-twentieth century. Municipal facilities in the immediate subject market area include parks, two elementary schools and a community center. Recent projects implemented in the Heart of Boynton are: • Seacrest Boulevard Streetscape • Carolyn Sims Center • Ocean Breeze West - 21 homes joint venture with Habitat for Humanity • Construction of single family residences on Martin Luther King, Jr. Boulevard Future projects are: • Revitalization of Martin Luther King, Jr. Boulevard and surroundings • Redevelopment of the Public Works site • Establishment of mixed use districts of residential and commercial • Expansion of light industrial near the FEC Railroad • Widening and extension of NW 11 Avenue, west of Seacrest Boulevard. Sara Sims Park improvements are being made to the 12 acre park and historic cemetery fronting West Martin Luther King, Jr. Boulevard, on the west side of Seacrest Boulevard. Improvements will include landscaping, pavilions, picnic facilities, lighting and security. 16 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Population Trends The demographic survey in the beginning of the report of 1, 3, and 5 mile radial circles from the appraised property shows the median household income for 2016 in the one-mile radius is $40,663, for three miles it is $46,278, and $49,473 for the five mile circle. All are lower than the median household income for Palm Beach County of $54,400, even though the east part of the circles includes the residents all the way to the Atlantic Ocean. In the one-mile circle, population is 14,200. In three miles, population increases to 79,922; at five miles, it is 187,034. However, about one-third of the three and five mile circles are over the Atlantic Ocean. Annual growth rate is anticipated to be 1.16% to 1.74% in the three circles during the next five years as the economy and job market improves in South Florida, and new multi-family residential complexes are constructed. 53% of the housing units are owner occupied compared to 68% countywide, with 29% rented. The percentage of renters is higher in this market because many of the single family houses are owned by investors who purchased them after the economic crash in 2008. Vacancy is reported to be 18%; however, this amount is high due to the undercount of the other two categories. Median home value in the five-mile area is $217,093, including the highly priced homes fronting the Atlantic Ocean and Intracoastal Waterway, compared to median home value of $218,492 in the United States. The current life cycle stage of the market area is stability, a period of equilibrium without marked gains or losses, after a period of decline. However, the life cycle stage is changing to revitalization, a period of renewal, modernization and increasing demand with the assemblage of lots and construction of mixed use projects as promoted by the Boynton Beach Community Redevelopment Plan. 17 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Economic Trends During 2005-2006, the subject market area was experiencing a rise in property prices due primarily to the availability of financing with adjustable rate mortgages. Interest rates adjusted upward, but rental rates of multi-family properties did not. For single family residences, interest rates on mortgages adjusted upward, but homeowners' incomes did not increase. Scenarios were the same for many property types, all with the same result of owners' inability to make the payments and mortgages foreclosed. This situation was exacerbated by the economic crash in late 2008, followed by the Great Recession. The foreclosure cycle appears to be near the end. Currently, sales are between individuals or investors who previously purchased the properties from foreclosing lenders and private parties who will reside in the properties or hold them in their investment portfolios. Third party lenders are providing financing to investors and residents, at high loan to price ratios. Sale prices for single-family residences in the subject market area and close vicinity are in the range of $85,000 to $180,000, depending on building size, age and condition. New homes are in the range of $180,000 to $220,000. Price range for multi-family dwellings are from about $70,000 to $100,000 per unit based on the same factors. Land unit prices had been from about $4.00 to $7.00 per square foot for small lot. Larger tracts which meet the size requirement for development in the new zoning districts are displaying higher unit prices. Family Dollar Store is an addition to the subject market area; it consists of an 8,100 square foot commercial building at the southeast corner of the signalized intersection of Martin Luther King, Jr. Boulevard and North Seacrest Boulevard. More revitalization in the CRA is taking place along US Highway 1, in the southern part of the corridor near Ocean Avenue and Boynton Beach Boulevard with projects such as 500 Ocean, with 341 residential units, 20,000 square feet of retail space and 6,000 square feet of office. Ocean One at 114 N Federal Highway is planned for 358 apartments, 12,075 square feet of retail, 120 hotel room and 439 parking spaces. The Villages at East Ocean Avenue were approved for 371 dwelling units and 15,757 square feet of commercial space. 18 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Town Square, a major redevelopment project, will take place in three sections extending from the south side of Boynton Beach Boulevard south to SE 2 Avenue, encompassing 16.5 acres of land. The north section covers the area of the old city hall and police station which will be demolished and removed. The project consists of the following: • North parcel —225 residential units, 120 hotel rooms, 65,000 square feet of office/retail space and 927 space parking garage • Middle parcel—200 residential units, 18,887 square feet of retail space • South parcel — 280 residential units, 820 space parking garage, 4,000 public space Included in the project are spaces for a new city hall, police station, fire station and park. Renovation of the historic high school is part of the project. The first phase of the project is underway. Boynton Beach Community Redevelopment Agency (BB CRA) issued a Request for Proposals (RFP) and Developer Qualifications for Commercial and Residential Redevelopment for land in the Heart of Boynton District along East Martin Luther King, Jr. Boulevard and NE 9 Avenue. RFP sections the land into west and east parts. Actual total land size is 5.33 acres. Specific property types for the projects are not specified in the RFP, but they must be consistent with the BB CRA plan for the area. For the most part, the shift in new projects is from single family residential to higher density multi-family. Ocean Breeze East will be a new affordable housing development in the Heart of Boynton at North Seacrest Boulevard and NE 7 Avenue. The Florida Housing Finance Corporation awarded RS Development Corp. tax credits to construct 123 dwelling units on 4.4 acres of land. This developer submitted the successful proposal to the Boynton Beach CRA to purchase the property for the new project. 19 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Demonstrating that there is still a place for single family homes in the Heart of Boynton, the CRA issued an RFP to private parties to redevelop most of a block in what is called the "Cottage District", denoting the area's historical significance. The block is fronts Seacrest Boulevard on its west, NE 1st Street on the east, inbetween NE 4th Avenue and NE 5 Avenue. The plan that is moving forward in the process is called The Cottages at Seacrest. The portion of the block included in this plan contains 4.28 acres, with a proposed use of 34 single family residences. A change of zoning is most probably required. The appraised property is in this block, but not part of the redevelopment plan. The goal of the development projects is to transform Boynton Beach from a retirement community to a vibrant city where residents can enjoy living and working in an attractive setting. Conclusion The immediate subject market area of the Heart of Boynton (HOB) has the components of an appealing neighborhood with schools, parks and recreation. HOB is easily accessible by main roads and Interstate 95. Goods and services are nearby on Boynton Beach Boulevard and U S Highway 1. With the involvement of the City of Boynton Beach and the Community Redevelopment Agency, Heart of Boynton Community Redevelopment Plan can continue to succeed in revitalizing the area. Land Use: Current land use is Medium Density Residential, maximum density 9.58 dwelling units per acre Recommended Land Use is High Density Residential, with a density of 11 dwelling units per acre in multi-story structures. Greater density increases the production of the land. 20 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Zoning: "R-2", Single and Two-family Residential District with the purpose to implement the medium density residential future land use map classification of the comprehensive plan. The intent of the district is to stabilize and protect existing residential neighborhoods with density no greater than 10 dwelling units per acre, and allow limited types of non-residential uses. Minimum lot area is 4,500 square feet per unit for a duplex; minimum lot frontage is 75 feet. However, there is a provision for a site with two lots platted prior to the enacting of the current zoning regulation to be improved with a duplex. Single family dwellings shall be constructed on lots that are no less than 6,000 square feet with a width of at least 60 feet and follow the building and site regulations of the "R-1", Single Family District. Excerpts from the zoning codes are in the Addenda. The appraised site is part of a lot from a plat that dates back to the 1920s, prior to the current code. The subject's size and width are sub-standard, most probably making it a legal non-conformity. Since the site was established prior to the current code, it most likely could be improved with a single family residence, following the regulations of the "R-1" district. However, determination of use and non- conformities of the site are made by Boynton Beach City officials. Parking: Two parking spaces are required for a single family residence. There is driveway covered with pavers on the east side of the site to accommodate two parking spaces. 21 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Site Description: The shape of the site is rectangular. Approximate dimensions and size are from public records. North boundary on adjacent property: 50.00 feet East boundary on adjacent property: 100.00 feet South boundary NE 4 Avenue: 50.00 feet West boundary on adjacent property: 100.00 feet Total: 5,000 square feet or 0.1148 of an acre Utilities: All utilities are available to the site. Access: The site is accessible via NE 4 Avenue, a two-laned, local road with streetlights, but no sidewalks. Easements: Easements are not noted on original plat. If they exist, utility easements would be most probably be around the perimeter of the lot. Encroachments: There is no sketch of survey to review to note if there are encroachments. Improvement Description: The appraised improvement is a one-story, single family residence containing 1,134 square feet of enclosed area, constructed in 1930. Building sketch is in the Addenda. The interior is divided into the following areas: living room, dining area, kitchen, three bedrooms, two bathrooms and laundry area. Originally, there were only two bedrooms and one bathroom. After the purchase of the property in 2013, the owner converted the front porch into a bedroom and the rear porch into the laundry area and bathroom. 22 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Modifications to the house after purchase included: • New central climate control system • Renovated bathrooms • Renovated kitchen with new cabinetry, counter top & appliances • New flooring in some area and refinished wood flooring in others • New site improvements including pavers, irrigation system, fencing & landscaping • Conversion of the front porch to a bedroom Estimated cost was $25,000. The refurbishing extended the useful life of the property. Construction details are: Historical Age: 89 years Condition: Good to average for its age Foundation: Stem wall over concrete footings Exterior Walls: Wood frame covered with vinyl siding Floors: Original wood refinished and laminate flooring Interior Walls: Wall board over wood Roof System: Gable covered with metal sheeting Windows: Aluminum awning windows with storm shutters HVAC: Central system Plumbing: Kitchen, two bathrooms and laundry area 23 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Site Improvements: Concrete paving and pavers for car storage, vinyl fence and gate, irrigation system, sod, shrubs and trees Environmental Assessment: No assessment was available for review. 2-2(a)(iv) State the real property interest appraised; A person who owns all the property rights is said to have fee simple title. A fee simple title implies absolute ownership unencumbered by any other interest or estate. Partial interests in real estate are created by selling, leasing, et cetera. Partial estates include leased fee and leasehold estates. The interest appraised is fee simple. 2-2(a)(v) State the type and definition of value and cite the source of the definition; The purpose of the appraisal is to develop an opinion of market value of the subject property as of January 9, 2019. MARKET VALUE: a type of value, stated as an opinion, that presumes the transfer of a property (i.e., a right of ownership or a bundle of such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable in an appraisal. The conditions included in market value definitions establish market perspectives for development of the opinion. These conditions may vary from definition to definition but generally fall into three categories: 1. the relationship,knowledge, and motivation of the parties(i.e., seller and buyer); 2. the terms of sale(e.g.,cash,cash equivalent,or other terms);and 3. the conditions of sale(e.g., exposure in a competitive market for a reasonable time prior to sale). 24 APPRAISAL REPORT (continued) Market value appraisals are distinct from appraisals completed for other purposes because market value appraisals are based on a market perspective and on a normal or typical premise. These criteria are illustrated in the following definition of Market Value*, provided here only as an example. Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. buyer and seller are tvpically motivated 2. both parties are well informed or well advised and acting in what they consider their own best interests; 3. a reasonable time is allowed for exposure in the open market; 4. payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and S. the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. * This example definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform,Recovery, and Enforcement Act(FIRREA)of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Union Administration(NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994,and in the Interagency Appraisal and Evaluation Guidelines,dated December,2010. Florida Court Definition: "Market Value is the price that a seller willing, but not compelled to sell, and a buyer willing, but not compelled to buy, would agree to in fair negotiations with knowledge of all the facts." [Source: Fla. Power & LiFht Co., v. dlenniW—S, 518 So.2d 895 (Fla. 1987)] 2-2(a)(vi) State the effective date of the appraisal and the date of the report; A) Effective Date of the Appraisal: January 9, 2019 B) Date of the Report: January 9, 2019 2-2(a)(vii) Summarize the scope of work used to develop the appraisal; The appraisal problem is to develop an opinion of value of the property based on its highest and best use. The appraiser inspected the property and photographed it. A thorough investigation was made into the physical characteristics of the property that could affect its value. The market area was surveyed to determine its stage of the life cycle. Research was conducted to ascertain economic factors that might influence value. 25 APPRAISAL REPORT (continued) Data research consisted of collecting, confirming, and reporting improved sales. The process included searches and analyses, inspections and confirmations, and final reporting. The appraiser examined several sources of sales data, including the multiple listing service, Palm Beach County Appraiser's records, the public records, and data from the appraiser's plant. For Sales Comparison Approach, improved sales are compared to each other and to the property under appraisement to develop a final opinion of value. 2-2(a)(viii) Summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach, or income approach must be explained; The information analyzed and appraisal method used is detailed in the valuation section of the report. Further, the reasoning that supports the analyses, opinions, and conclusions is explained in the valuation section. The Cost Approach is not used because of the age of the improvement. The Income Approach is not employed because single family dwellings are purchased for shelter, not their income producing ability. Exclusion of these approaches to value still produces a creditable report. SR I-5 When the value opinion to be developed is market value, if such information is available in the normal course of business: a) analyze all agreements of sale, options, or listings of the subject property current as of the effective date of the appraisal; and There are no known agreements for sale, options or listings of the appraised property as of the effective date of the appraisal. b) analyze all sales of the subject property that occurred within the three (3) years prior to the effective date of the appraisal. There were no arm's length transactions of the appraised property in the past three years. It was acquired by the current owner in April, 2013 for $64,500 from LARANN, LLC. A copy of the deed is in the Addenda. After the purchase, the owner upgraded the property as previously described. 26 APPRAISAL REPORT (continued) 2-2(a)(ix) State the use of the real estate existing as of the date of value, and the use of the real estate or personal property reflected in the appraisal; The use of the real estate on the date of valuation is a single family residence, and it is this use which is reflected in the appraisal. No personal property is included in the valuation. 2-2(a)(x) When an opinion of highest and best use was developed by the appraiser, summarize the support and rationale for that opinion. HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Physically Possible as Vacant No soil or subsoil tests are available for review. However, the site has been supporting a residential structure since 1930. The land is level and filled to street grade. Land size is approximately 5,000 square feet and rectangular in shape. All utilities are available to the site. The site is accessible via NE 4 Avenue. Physical constraint to develop the site is its size which determines its legal conformity to the zoning code. Legally Permissible as Vacant Legal restrictions to the development of the site consist of land use designation, building and zoning codes, platting restrictions and restrictive covenants. Land use designation is medium density residential, maximum density of 9.58 dwelling units per acre. Zoning is "R-2", Single family and Two-family Residential District in the City of Boynton Beach. Maximum number of dwelling units per lot in "R-2" district is two if the lot size meets current code. The appraised site consists of part of one lot, with frontage of 50 feet and size of 5,000 square feet, both sub-standard to the current code. Most probably, the site could be improved as a legal non-conforming lot with one single family residence. However, Boynton Beach officials make the decisions as to how the site can be improved. The Boynton Beach CRA future land use plan for the appraised land and surrounding blocks is for High Density Residential of 11 dwelling units per acre. A land use change is required for the implementation of such a future plan. 27 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Financially Feasible as Vacant The third test of Highest and Best Use is economic feasibility. Demand for a certain property type must be evident for it to be feasible. For it to be financially feasible, the use must be marketable and provide the investor with a competitive return when compared with alternate uses. The immediate subject market area has been improved with single-family residences and small multi- family dwellings for almost 100 years. Residences come to the end of their economic lives, improvements are razed and the sites are redeveloped with modern structures. There are examples of this cycle throughout the subject market area. New redevelopment projects in the subject vicinity are Ocean Breeze West with 21 homes, Eastview Park with market rate houses ranging from $255,000 to $300,000 constructed by D R Horton, and four new houses on West Martin Luther King, Jr. Boulevard sold from $166,000 to $195,000. The four houses are the result of the work of the Boynton Beach CRA and Boynton Beach Faith-Based Community Development Corporation. Single family homeownership is encouraged to build the community with permanent residents rather than populate it with transient occupants. As mentioned, community organizations are constructing single family homes and selling them to people who will reside there. Financial assistance to the buyers is facilitating this plan. Financially feasible use of the subject site is to improve it with a single family residence with three bedrooms and two bathrooms to meet current expectations for a home. Such use is compatible with community redevelopment plans for the subject neighborhood. The most likely buyer of the site would be a community agency which would construct the single family residence then sell the land and house to an end-user. Time for this use is now with renewed interest in the subject market area and funds apparently available for redevelopment of the neighborhood. Alternatively, the lot could be assembled with the other land owned by the Boynton Beach CRA, which is being offered for redevelopment in the mentioned RFP. Inclusion of the subject lot might increase the number of single family homes in the project from 34 to 36 or 37. 28 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Maximally Productive as Vacant In summary, the Highest and Best Use of the property appraised as vacant is for a single family residence. Such use would be physically possible, probably legally permissible, financially feasible and maximally productive. HIGHEST AND BEST USE OF THE PROPERTY AS IMPROVED Physically Possible Improved The improvement appraised is a single family residence constructed in 1930. It was upgraded after the purchase in 2013 to extend its useful life. If necessary or desired, demolition is physically possible. Legally Permissible Improved A single family residence appears to be legally permissible. There is sufficient space to have car storage for two vehicles. Financially Feasible Improved There is an active market for one dwelling residences in the central-eastern Boynton Beach market area in the price range of the appraised value. Exposure time to the market for these properties is short, typically a few months. A few sales are in cash; most are financed by third party lenders at high loan to price mortgages. The appraised property appears to be in average to good condition for its age. The modernizing which took place will prolong its useful life and enhance the comfort of residing in the house. Financial feasibility of the property as improved is to maintain it through repairs and modest upgrades to the end of its useful life. Maximally Productive Improved The maximally productive use of the property as improved is its current use as a single family residence, which use is physically possible, legally permissible, financially feasible, and maximally productive. 29 APPRAISAL REPORT (continued) 2-2(a)(xi) Clearly and Conspicuously: State all extraordinary assumptions and hypothetical conditions; and state that their use might have affected the assignment result. There are no extraordinary assumptions or hypothetical conditions in this report. 2-2(a)(xii) Include a signed certification in accordance with Standards Rule 2-3 See signed certification in report. 30 SALES COMPARISON APPROACH Subject & Single-Family House Sale Locations ~` niw 21sT R'JE i� }' w 20TH AVENEJ._ I II NE 20TH LN $ ff =fir , t; uT ❑ r( xs 1 p NE 17TH AYE :"I `El If p—__._ _ - "':ET a i ( _S k + 17TH AS+E NE 17TH A4E �l .� l` ��r �� ��� y ( + z ' �t Sk ,�-' N W i 6TH LT zl 4y �x 16TH Cr NEI and+'—' t jq} " `�6 `r N'.. z. z. �m +� M1TAhtATEE BA YDiR F „— 72t +r �yV� ti' 16TH AVE NE t rnl zi iwl N MANATEE BAY DR 6 �t u� � m NAN{,TEE aarlDre Fn \ I �h �� �ISTH CINE +1_.�t6� 1' 2 _,J ~ NE 1! Ff A 1+E r —Cng3euxzCn4a IT r 5 It $cyndsin C'a.1 '_SHORE_Dft fll7Ja I . rn z _ — NYd 13THi ET z NE Y_3TH AVE ,- I, +� � x' k➢�'V In ki (�Nh'J i2TH-AVEkT—� + 6 F. ¢-. NIVY i3TH RVE 6— __AVE �I —�N1 mq++�� N W 1____ rJ �I w I r— NFAR'R v K N A z RfDER gp 10TH AVE_ _ i i—_TlE,R 3 f,^ '81-. t N.W__9TH AVE �'`yL S ter' NE 9TH AVE NE STH AVE NE 8TH AVE ( A.'vE-]=__ �i___ �NW i 5T 5T_� � ����+ NE1-1i IF _BTH AL'E— ��nr xf (� �_` .-7�r�lE 'I., ~ �INW7THA E N r+� Ir f �.7 NE�7THA_ NE 7TH AVE z It 1 LE 2 ( �� � N,ESiTH AVE 5I z��J NE STH AW JE � NE STH AVE N W STH AVE '-y, ,( NE 1THIE W 4TH RWE NE AVE 13 m a4 Js �so4 L t E.BornT�r1 eEacH,eLWo i S YST_AVEJC NYST AVE ; —E__ tl W OCEAN'AVE yy- E OCEAN.AVE .. it lS '�___�w .._ .___SWj 15T AVE I�Im rn,. �SE YSTAVE I 1 i 2 �O SE2NDAVE_ 3RDAA VE E._SE 3RD AV,E ( Data use subject to license. R ©DeLorme.DeLorme Street Atlas USAN 2009. f} 460 800 1260 16GO 2660 www.delorme.com MN(6.8°W) Data Zoom 14-6 32 IMPROVED SALE SALE NO. 1 LEGAL DESCRIPTION Lot 9, Block 2, Shepard Funk Addition to the Town of Boynton,Plat Book 2,Page 15,Palm Beach County Records. RECORDED O.R. Book 29683,Page 1131 GRANTOR Marjorie A. Brandner, s/w GRANTEE Bridgette Packer, s/w DATE OF SALE February 28,2018 LOCATION 114 NE 4t'Avenue Boynton Beach,Florida ZONING "R-2",Duplex SALE PRICE $220,000 PROPERTY DESCRIPTION One-story single residence containing 784 square feet base with 2 bedrooms & 2 baths, plus 720 square feet finished, detached garage with efficiency and 1 bathroom, plus 260 square feet semi-finished area for a total 1,764 square feet enclosed living area. Land size is 7,196 square feet. UNITS OF COMPARISON $132.76 per sq.ft.of building&land before adjustments. 4.08:1 Land to Building Ratio PARCEL CONTROL NUMBER 08-43-45-21-30-002-0090 CONDITIONS OF SALE The sale included a 30-year conventional loan for $209,000 (95% Loan-to-Price Ratio) at market rate and terms. Financing did not have a significant effect on the price paid. Arm's length transaction. CONFIRMATION Law offices of Levinson, Gritter&DiGiore,Esq. COMMENTS Detached garage finished into efficiency with one bathroom. Other minor improvements made over the years. 33 4 A.* t• Y� ' � 1 � et' p t s �t i 777 gE QwY #y r711 i PHOTO OF IMPROVED SALE NO. 1 114 NE 4 Avenue Boynton Beach, Florida 34 IMPROVED SALE SALE NO. 2 LEGAL DESCRIPTION Lot 98, Ridgewood Hills, Plat Book 28, Page 50, Palm Beach County Records. RECORDED O.R. Book 29930,Page 743 GRANTOR Royal Oak,LLC GRANTEE Cerberus SFR Holdings H, LP DATE OF SALE June 15,2018 LOCATION 404 NW 5t'Avenue Boynton Beach,Florida ZONING "R-IA", Single-Family SALE PRICE $222,000 PROPERTY DESCRIPTION One-story single residence containing 1,461 square feet base, plus 201 square feet other enclosed areas, for a total 1,662 square feet enclosed living area. Land size is 9,622 square feet. There are 3 bedrooms & 3 baths. UNITS OF COMPARISON $133.57 per sq.ft.of building&land before adjustments. 5.79:1 Land to Building Ratio PARCEL CONTROL NUMBER 08-43-45-21-16-000-0980 CONDITIONS OF SALE The arm's length sale was for all cash. CONFIRMATION Closing attorney office of Harvey Schneider, Esq. COMMENTS Minor changes were made to the building over the years prior to sale. 35 y,a 9 1 ,. Ni:'q s u is 4i �n i} ,i1t}1115>1�����s33 w. ,Ui�ii ( } �' s it){,< 0" 'kir t•,�' {k"�r �, f `7l �'>�s °nda �" "'I'`xa'M''�.^ ca!'rrr' { ,V,' � ............ PHOTO OF IMPROVED SALE NO. 2 404 NW 5 Avenue Boynton Beach, Florida 36 IMPROVED SALE SALE NO. 3 LEGAL DESCRIPTION Lot 163 & the South 22 Feet of Lot 164, Block B, Boynton Hills,Plat Book 4,Page 51,Palm Beach County Records. RECORDED O.R. Book 29993,Page 292,Palm Beach County Records GRANTOR RJ Investment Solution LLC GRANTEE Wilfred Desine,m/m DATE OF SALE July 16,2018 LOCATION 504 NW 2nd Street Boynton Beach,Florida ZONING "R-IA", Single-Family SALE PRICE $150,000 PROPERTY DESCRIPTION One-story single residence containing 1,065 square feet base, plus 150 square feet other enclosed areas, for a total 1,215 square feet enclosed living area. Land size is 6,600 square feet. There are 2 bedrooms and 2 baths. UNITS OF COMPARISON $123.46 per sq.ft.of building&land before adjustments. 5.43:1 Land to Building Ratio PARCEL CONTROL NUMBER 08-43-45-21-07-002-1630 CONDITIONS OF SALE This arm's length sale included a conventional mortgage of $117,000 (78% Loan-to-Price Ratio) at market rate and terms with Equitymax,Inc.,Pension Plan. CONFIRMATION Closing attorney office of Allen Falk, PA, COMMENTS Minor changes were made to the building over the years prior to sale. 37 -— -- .......................................................... ................. 31y fir,, 1-7 T, ..................... PHOTO OF IMPROVED SALE NO. 3 504 NW 2nd Street Boynton Beach, Florida 38 IMPROVED SALE SALE NO. 4 LEGAL DESCRIPTION Lot 4, Block 2, The Meeks and Andrews Addition to Boynton, Florida, Plat Book 5, Page 84, Palm Beach County Records. RECORDED O.R. Book 30106,Page 651,Palm Beach County Records GRANTOR Christopher Graeve, Trustee GRANTEE Francisco and Maria Salles,h/w DATE OF SALE August 17, 2018 LOCATION 227 NE 11 Avenue Boynton Beach,Florida ZONING "R-2",Duplex SALE PRICE $160,000 PROPERTY DESCRIPTION One-story single residence containing 936 square feet base, plus 196 square feet other enclosed areas, for a total 1,132 square feet enclosed living area. Land size is 7,754 square feet. There are 3 bedrooms and 2 baths. UNITS OF COMPARISON $141.34 per sq.ft.of building&land before adjustments. 6.85:1 Land to Building Ratio PARCEL CONTROL NUMBER 08-43-45-21-22-002-0040 CONDITIONS OF SALE This arm's length sale included a conventional mortgage of $157,102 (98.19% Loan-to-Price Ratio) at market rate and terms with Absolute Home Mortgage Corporation at market rate and terms. CONFIRMATION Closing attorney office of Greisy Rodriguez. COMMENTS Minor changes were made to the building over the years prior to sale. 39 1 z 7 4 1 . r _, r ,r rr���'tyr r'r'r�irrrrrrryrrpfrrrrrrrrry�rrrrrrr'tyr'�rrrrrrrryrrpfrrrrrrrrrM�rrrrrrr'tyr�rrrrrrrryripfrrrrrrrrry�rrrrrrrryr'�rrrrrrrryrrPftrrrrrrrrry�rrrrrrr'tyr'�rry€�r' PHOTO OF IMPROVED SALE NO. 4 227 NE 11 Avenue Boynton Beach, Florida 40 IMPROVED SALE SALE NO. 5 LEGAL DESCRIPTION Lot 150, Block A, Boynton Hills, Plat Book 4, Page 51, Palm Beach County Records. RECORDED O.R. Book 30233,Page 715,Palm Beach County Records GRANTOR Alexandra Moises, Trustee GRANTEE Londyn Beck, s/w DATE OF SALE November 2,2018 LOCATION 120 NW 4t'Avenue Boynton Beach,Florida ZONING "R-IA", Single Family SALE PRICE $160,000 PROPERTY DESCRIPTION One-story single residence containing 1,061 square feet base, plus 269 square feet other enclosed areas, for a total 1,330 square feet enclosed living area. Land size is 4,626 square feet. There are 3 bedrooms and 1 Bath.. UNITS OF COMPARISON $120.30 per sq.ft.of building&land before adjustments. 3.48:1 Land to Building Ratio PARCEL CONTROL NUMBER 08-43-45-21-07-001-1500 CONDITIONS OF SALE This arm's length sale included a 30 year conventional mortgage of $146,520 (91.58% Loan-to-Price Ratio) at market rate and terms with Supreme Lending at market rate and terms. CONFIRMATION Closing attorney office of Clerge Law Office,PLLC COMMENTS Minor changes were made to the building over the years prior to sale. 41 ..................................................................................................................................................................................................................................................... r. '7?r" , PHOTO OF IMPROVED SALE NO. 5 120 NW 4th Avenue Boynton Beach, Florida 42 a� }; s 3 LL n � -1 00 00 to >a� 'a N r4 r4 W r-� N > O Q 0) �t Lr) �t l0 a-'+ Ln LL r-I co f1 N LU ii N U a o 0 0 0 0 cl 0) 0 0 0 0 0 4a o ci o 0 0 ii Ln oo 0) 0) N N r-I r-I r-I i/)- i/)- i/)- i/)- Q as C O O O O O O O O O O O O N (J E O i O i O i O i O i 06 3v0- a � Q Q m c " - (,0 Q Ln Q rI - rI Q O - � M X Cal O � O`R I �I Ln Ln m VLLf N m rq Ln N O Ln rq O Q NI l0 l0 n l0 O _ 113 N Ol l0 I� Lr) V J F- z LL Nau N Lr) N O V1 C eco I� + � m N N m m m m W r-I N r-I r-I r-I r-I r-I Q Co m N z O ca O O 00 O 00 O 00 O 00 O 00 O O) V1 0) R O O O O O O O O O O O O O N N N N N lD N Q d ) O 00 ON Ln O l0 O I� O N R O Ol f1 N N (-4 r-I Lr) r-I LA r-I l0 O > ^ O Q (% N r,4 kQ 00O O O O r I O V N J 0) LL LL a+ LL LL LL 0) LL N O C t O t N t O t O t C t O O U O U , U U O U O U J tu ca R Q 0) Q 0)tu �^ 0) Q 0) Q 0) W Q a) LL C ii m N M m M N Co ii Co M m m ri m LL N O z O O z O LLI O O N Z O J Ln, N T- T R' T 0 T N >-tu O >- M ? u ii m m Ln m r4 0 r4 0 N CO ii Co ii m N SALES COMPARISON APPROACH OVERVIEW In the Sales Comparison Approach, the appraiser compares the appraised property to sales of similar properties. This approach to value simulates the actions and attitudes of typical buyers and sellers in the market. The approach is based on the Principle of Substitution that affirms the maximum value of a property is set by the cost of acquisition of an equally desirable and valuable substitute property, assuming no costly delays in making the substitution. The steps of this approach are: 1) Collect information of recent sales of properties most similar to the property being appraised. 2) Verify the sales information from the best available sources. 3) Select relevant units of comparison and develop a comparative analysis for each unit. 4) Adjust the sales to the subject using the significant,market-derived units of comparison. 5) Reconcile value indications from the comparisons into a value opinion by this approach. For the value opinion by this approach to be meaningful,there must be an adequate number of sales of similar properties for comparison to the subject. A reliable Sales Comparison Approach sets a strong foundation for the entire value process for Single-Family real estate. The property appraised is a single-family residence at 115 NE 4 Avenue, Boynton Beach, containing 1,134 square feet of enclosed area, constructed in 1930 and refurbished after 2013. Land size is 5,000 square feet; zoning is "R-2", Single, and Two-family residential district. A search was made for recent sales of single-family residences in central-eastern Boynton Beach. Of transactions reviewed,the five cited in this report provide an overview of this market. Details of the transfers are on the sale sheets and comparison chart. UNITS OF COMPARISON Units of comparison are components into which a property may be divided for comparison. The purpose of using units of comparison is to relate sales of similar properties to the property being appraised on the basis of significant measures such as price per square foot, price per cubic foot, et cetera. The appropriate units of comparison come from the market. For the property appraised and the comparable sales, the pertinent unit of comparison is sale price per square foot of building, including land. 44 SALES COMPARISON APPROACH ELEMENTS OF COMPARISON Elements of comparison are the characteristics ofproperties and transactions that cause the prices paid for real estate to vary. The Appraisal of Real Estate continues by stating that there are ten basic elements ofcomparison that may be considered in sales comparison analysis. The first group is termed transactional elements being: real property rights conveyed,financing terms, conditions of sale, expenditures made immediately after purchase and market conditions. The second group is property elements consisting of location, physical characteristics, economic characteristics, use, and non-realty components ofvalue. Each is hereafter addressed. Real Property Rights Conveyed A transaction price is always predicated on the real property interest conveyed. Property interests conveyed can be either fee simple (without tenants) or leased fee (subject to leases). An adjustment for property rights conveyed is based on whether a leased fee interest was sold with leases at,below, or above market rent. When a property is sold without leases, its value is normally based on the market rent that it can command and the financing that could be obtained. The property interest conveyed for the improved sales is fee simple, the same interest appraised for the subject. No numerical adjustment is warranted for this element of comparison. Financing Terms Financing terms may have a bearing on the price paid for a property. Such terms that may affect price include assuming a mortgage at lower than current interest rates, the seller paying a buydown for the buyer to have a lower interest rate, or the seller providing financing for a transaction at lower than typical institutional rates. In all of these cases, the buyer could have paid higher prices in such transactions to obtain favorable financing. The reverse is also a possibility in which lower sale prices result from above market financing. If financing affected the price paid, a cash equivalency adjustment is warranted. The availability of third parry financing is apparent with the buyers of Improved Sales 1, 3, 4 and 5 giving mortgages at high loan to price ratio. Such financing is facilitating an active market for single-family residences. Only Improved Sale 2 was a cash transaction. The unit prices are similar for the two methods of purchase, suggesting the financing did not affect the price,but rather made it possible since most buyers do not have enough money for a cash purchase. No adjustment is made for this element of comparison. Conditions of Sale Condition of sale addresses the motivation of buyers and sellers. Such motivations include a seller accepting a lower than market price for needed cash, a lender selling a previously foreclosed property to comply with regulations imposed on the institution, or a buyer purchasing an adjacent property. Even arm's length transactions may be the result of atypical motivation, such as lack of exposure time to the market,the result of an eminent domain proceeding, or tax consideration. (Continued) 45 SALES COMPARISON APPROACH (Continued) None of the sales was distressed situations or resales by lenders after the foreclosure of mortgages, which financed prior transactions. All of the sale properties were exposed to the open market for reasonable periods of time. Conditions of sale for the comparable properties were typical for the market; hence,no adjustments made. Expenditures Made Immediately After Purchase No major expenditures were made to the sales immediately after purchase. Market Conditions Comparable sales that occurred under different market conditions than those applicable to the subject on the effective date of the value estimate require adjustment for any differences that affect their value. The most common adjustment for market condition is time; however, the passage of time itself is not the cause of the adjustment. Market conditions, which change over time, are the reason to make the adjustment, such as appreciation or depreciation due to building inventory, changes in tax laws, investor's criteria, building moratoriums, fluctuation in supply and demand, et cetera. It is also possible that there is no change in market condition over time. All of the sales occurred in 2018, during a period when market conditions are similar to those prevalent at the time of valuation. No adjustment is necessary for this element of comparison. Transactional adjustments were considered, but none made. Now,the improved sales are compared to the subject and to each other for the remaining property elements of comparison for possible adjustments. Location The location of a property is a key factor in prompting a buyer to purchase it. Location encompasses many aspects such as road frontage, access, proximity to other competing properties, proximity to a market that will use the goods and services housed in a property, governmental influences, etcetera. Typically, properties in a neighborhood share some of the same location characteristics such as age, condition, and style. However, there may be differences such as corner location,view, and zoning,to name a few. Properties of a similar type may be in different locations, yet the locations may share enough similarities to justify comparison. Factors of similarity between locations include average daily traffic counts, zoning and/or land use, and market composition. (Continued) 46 SALES COMPARISON APPROACH (Continued) There are some minor differences among the sales and subject; however, they are not noteworthy enough to warrant adjustment. Physical Characteristics Physical characteristics to be considered for adjustments are those that cause a difference in price to be paid by the market. A wide range of such items includes property type, building size, land size, land to building ratio, amount of parking, year of construction, current property condition, functional utility, market appeal, complete build-out of interior space, et cetera Through the process of searching for comparable sales, the physical characteristics are of import. From the many possible comparable sales, those that are most similar to the property appraised are presented in the report for analysis and comparison to the subject. The less the number of physical differences, the better. The unadjusted range of prices for the improved sales is from $150,000 to $222,000. The most significant physical characteristic affecting the price of the property is the condition of the sale improvement. The appraisers physically examined the interior of the subject property and noted numerous upgrades and improvements including conversion of the front porch into a bedroom and conversion of the rear porch into a new bathroom and laundry area. Kitchen improvements were also noted. The appraisers adjusted each of the improved single-family residential property sales upward $30,000 to account for the physical condition and improvements in the subject as compared to those in the five sales. Economic Characteristics Economic characteristics of a property include its rental rate, occupancy rate, and expenses, which are the building blocks for the gross income multiplier and overall capitalization rate. Single-family residences are not typically purchased based on their economic characteristics. They are sometimes rented,but the income they can produce is not a determining factor in their transfer. This element of comparison carries little weight in this sales analysis. Use For properties to be comparable, they should have similar Highest and Best Uses. All of the improved sales cited in this report and the subject have the same Highest and Best Use as single- family residences,with no adjustment necessary. Non-Realty Components of Value Non-realty components of value include personalty, business concerns, or other items that do not constitute real property but are included in the sale price of either the comparable or the subject property. These components should be analyzed separately from the realty. There were no non-realty components of value to consider for the property appraised. 47 SALES COMPARISON APPROACH (Continued) FINAL VALUE OPINION The unit of comparison most relevant for the property appraised is the sale price per square foot of enclosed building including land. The element of comparison, which most affects price in the subject market, is condition of the property and degree of modernization. The sales are adjusted to the subject for this element of comparison with an adjusted unit prices for the single-family residential sale properties of$141.72, $151.62, $148.15, $167.84, and$142.86 per square foot of building including land. Giving equal weight to each of the adjusted unit prices, the final unit value for the appraised property is in the mid-range of the adjusted sales unit range at$150.44 per square foot of building including land. The quantity of the comparable data is sufficient to have an overview of the market for smaller single-family residential properties in the central-eastern Boynton Beach. The quality of the data is good in that it provides a sound basis to develop an opinion of value for the property under appraisement. Based on the analysis and conclusions presented within the report, it is our opinion that the Market Value of the Fee Simple Estate of the Subject Property as of January 9, 2019 is: 1,134 square feet x $150.44 per square foot= 170 600 FINAL VALUE BY THE SALES COMPARISON APPROACH: ONE HUNDRED SEVENTY THOUSAND SIX HUNDRED DOLLARS Exposure Time Prior to attaining the appraised value is: Six months 48 CERTIFICATION I certify that, to the best of my knowledge and belief,the statements contained in this report are true and correct. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal,unbiased professional analyses, opinions, and conclusions. I have no present or prospective interest in the property that is the subject of this report, and I have no bias or personal interest with the parties involved. The appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. My compensation is not contingent on an action or event resulting from the analyses, opinions, or conclusions in, or the use of,this report. I appraised the property on June 28,2017. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. The analyses, opinions and conclusions were also developed and the report prepared in conformity with the Uniform Standards of Professional Appraisal Practice, which is included in the Appraisal Institute's Standards, and Chapter 475,Part 11 F.S. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. The use of this report is (also) subject to the requirements of the State of Florida relating to review by the Florida Real Estate Appraisal Board. I have visited the property that is the subject of this report on December 19, 2018. Jesse B. Vance, Jr. and Claudia Vance are responsible for the analyses, conclusions and opinions concerning real estate set forth in this report. No one else has provided significant professional service to the persons signing this report. The Appraisal Institute and the American Society of Appraisers each conduct programs of continuing education for their designated members. As of the date of this report, Jesse B. Vance, Jr. and Claudia Vance have completed the requirements of the continuing education program of the Appraisal Institute. Continuing educational requirements are also completed for the American Society of Appraisers and the State of Florida. January9_ 2019 Jesse B. Vance, Jr., MAI, SRA, ASA Florida State-Certified General Real Estate Appraiser No. RZ-85 January 9,2019 Claudia Vance,MAI Florida State-Certified General Real Estate Appraiser No.RZ-173 49 CERTIFICATION AND LIMITING CONDITIONS The statements and conclusions contained in this report,subject to the limiting conditions hereafter cited,are correct to the best of the writers'knowledge. 1. The undersigned have personally visited the subject of this report. No pertinent information has been knowingly withheld. 2. Unless specifically included,the subject is analyzed as though free and clear of liens and encumbrances. 3. No responsibility is assumed for legal matters,nor is an opinion of title rendered. Title is assumed to be good and held in Fee Simple. 4. Legal descriptions and property dimensions have been furnished by others;no responsibility for their correctness is assumed. Sketches which may be in the report are for illustrative purposes only. 5. Possession of any copy of this report does not carry with it the right of publication,duplication,or advertising using the writers' names or professional designations or membership organizations. 6. The writers are not required to testify without prior agreement. 7. Neither the employment to make this appraisal nor compensation therefore is contingent on the value reported. 8. Improvements,if any,are those noted and reported on the date of inspection. 9. The value or values estimated apply ONLY as of the date of valuation stated within the report. 10. The writers certify that they have no present,past or contemplated interest in the subject of this report. 11. This report is the property of the indicated client. It may not be used by any other party for any purpose not consistent with the written function of this report without the express written consent of the writers AND client. 12. The reported analyses,opinions and conclusions were developed,and this report has been prepared,in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Practice and Conduct of the Appraisal Institute. The work also conforms to the Uniform Standards of Professional Appraisal Practice. 13. The existence of potentially hazardous material used in the construction or maintenance of buildings,such as the presence of urea formaldehyde foam insulation,and/or existence of toxic waste,which may or may not be present on the property,has not been considered. Additionally,soil or sub-soil contamination may exist from current or prior users,or users outside the property concerned. The appraisers are not qualified to detect such substances. We urge the client to retain an expert in this field if desired. 14. The appraisers have not been provided a Habitat Survey,Endangered Species Survey,or analysis by a qualified environmental specialist indicating the presence of or proximity to environmentally sensitive and/or protected land or species which could affect the use,and possibly,value of the appraised property. The appraisers are not qualified to identify these factors. We recommend that an expert be hired where there may be reasonable cause to expect the presence of any of the cited elements. 15. Jesse B.Vance,Jr.and Claudia Vance were responsible for the analyses,conclusions,and opinions of real estate set forth in this report. (No one else provided significant professional assistance to the report signers). 16. The Americans with Disabilities Act(ADA)became effective January 26,1992. We have not made a specific compliance survey and analysis of this property to determine whether or not it is in conformity with the various detailed requirements of the ADA. It is possible that a compliance survey of the property would reveal that the property is not in compliance with one or more of the requirements of the act,which could reduce property value. 17. Prospective value estimates are based on current conditions and trends. The appraisers cannot be held responsible for unforeseeable events that might alter market conditions upon which market value has been estimated. 18. The appraisers certify that they have the knowledge and experience required to perform this appraisal assignment. 19. The appraiser reserves the right to amend or change this report at any time additional market information is obtained which would significantly affect the value opinion. Jesse B.Vance,Jr.,MAI,SRA,ASA State-Certified General Real Estate Appraiser No.RZ 85 January 9,2019 Claudia Vance,MAI State-Certified General Real Estate Appraiser No.RZ 173 January 9,2019 50 ADDENDA ir��ra�r�rrr�rrwi CFN 20130155158 OR BK 25924 PG 1862 RETURN TO: RECORDED 04/04/2013 13:51:04 PREPARED BY: Palo Beach County, Florida ART 64,500.00 Stev L.Craig,Esquire Doc Stamp 451.50 ;kTitle of Florida, Inc. Sharon R. Bock,CLERK i COMPTROLLER 45A Blvd,Ste. 304B Pgo 1862 - 1863; (2pga) Pale , 12h Gardens, FL 33418 FiT �1 0 Propert*raisers Parcel No.: 08-43-45-21-29-003-0052 (Space Above This Line for Recording Data) Q� WARRANTY DEED o ' THIS WA DEED made and executed the day of 2013, by LARANN,LLC,a Flo ' mited liability company,hereinafter called the grantor,to VALRIE BROWN- McINTOSH,a single p whose post office address is as follows: 1 castle Pines Road,Boynton Beach,FL 33437 hereinafter called the grantee: (Wherever used herein the term tor"and"grantee"include all the parties to this instrument and the heirs, legal representatives and asf individuals,and the successors and assigns of corporations) WITNESSETH: That the grant U and in consideration of the sum of$10.00 and other valuable considerations, receipt whereof is here owledged, hereby grants, bargains, sells, aliens, remises, releases, conveys, and confirms unto the an all that certain land situate in PALM BEACH County, Florida,viz: The East 50 feet of the South 100 feet of Lot 5, Block 3, SHEPARD ADDTION TO BOYTON,according to the plat thereof on file in the Office of the Clerk of the Circuit Court in and for Palm Beach County,Florida,recorded in Plat Book 2,Page 59; said lands situate,lying and being in Palm Beach County,Florida. TOGETHER with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. SUBJECT TO restrictions,reservations,covenants,and easements of record, if applicable. F:\WORDDOC\Mae\Closing Docs\4600 files\4612\M-WD-Corp to Ldoc 1 52 Book25924/Page1862 Page 1 of 2 TO HAVE AND TO HOLD,the same in fee simple forever. AND the grantor hereby covenants with said grantee that it is lawfully seized of said land in fee sim •that the grantor has good right and lawful authority to sell and convey said land;that the grantor hereby ants the title to said land and will defend the same against the lawful claims of all persons wl ever;and that said land is free ofall encumbrances,except taxes accruing subsequent to December 31, 201 ( `dN ITNESS WHEREOF,the said grantor has signed and sealed these presents the day and year first abo en. Signed,sealIttd delivered in our presence: O� LARANN,LLC, a Florida limlj liability company (SEM By: FINKELSTEIN,Managing Member � Address: O rs tness Signalure Aol C (Printed Name S and W e (Printed Na STATE OF FLORIDA `= COUNTY OF PALM BEACH § The foregoing instrument was acknowledged before me this 1 day of 0—,2013, by LARRY FINKELSTEIN, as Managing Member for LARANN, LLC, a F ori a limited liability company, who has produced identification as referenced below. LARRY FINKELSTEIN Identification: WITNESS MY HAND AND OFFICIAL SEAL OF OFFICE tpRY PU"k+ C llM SEYBM # * MYCOMMISSIMIEE 2M Notary Public EXPIRES:June 20,2018 printed Na e• � f C3-'L" +– My Commission expires: FAWORDDOC\Mae\Closing Docs\4600 fi1es\4612\M-WD-Corp to Ldoc 2 53 Book25924/Pagel863 Page 2 of 2 - - Homeftad Exemption CFA,OS Palm Beach Cgunty Prop"AWaiser � I Owner Name: BROWN MCINTOSH VALRIE Marcel Control Number: 48-43-4S-21-29-043-4452 Location Address: 115 NE 4TH AVE f Structural Element Sketch for Building 1 for Building 1 to Exterior VINLY/ALUM/CION 1' Wall 1 SIDING 1, B' 2, Year Built 1934144 Air 3. Condition HTG&AC y ' Desc. 22 Heat FORCED AIR 4" Type DUCT S. Beat Fuel ELECTRIC 6. Bed 3 Rooms 7. Full Baths 2 t Half S. Baths 4 Exterior ' Wl'`all2 N/� tri 14, Roof GABLE/HIP Structure Roof 11. Cover MINIMUM l9901d 1 Interior WALL BD./ 12. Wall 1 WOOD Interior 13. Walt 2 N/A Floor 14. Type 1 WOOD FINE/SOFT t Floor 15. Type 2 N/A 1 . Stories 1 i Subarea and Sq. 30 Footage for Building 1 Code Description Sq' Footage BAS BASE,AREA 990 SFB SEMI FINISHED 144 BASE AREA. Total square 1134 Footage i Total Area tinder 1 134 Air: ( Extra Feature I Description Year Built Units No Extra.Feature Available Land Details Land Line Description Zoning Units Acres 54 http://www.co.palm-beach.fl..us/papalAsps/PropertyDetail0 tructuraiDetail.aspx?entity_id... E. R-2 Single and Two-family Residential District. 1. General. The purpose of the R-2 zoning district is to implement the medium density residential (MeDR) future land use map (FLUM)classification of the Comprehensive Plan. The intent of this conventional district is to stabilize and protect existing residential neighborhoods with densities no greater than ten(10)dwelling units per acre, and allowing limited types of non- residential uses. 2. Use(s) Allowed. See "Use Matrix Table 3-28" in Chapter 3,Article IV, Section 3.D. 3. Building and Site Regulations (Table 3-9). Existing and/or planned single-family homes shall conform to the R-1 district requirements; however, for duplex homes, the following lot and building requirements shall be observed: BUILDING/SITE REGULATIONS R-2 District Minimum lot area(per unit): 4,500 s.f.1 Minimum lot frontage: 75 feet Minimum yard setbacks: Front: 25 feet2 Rear: 25 feet3 Interior side: 10 feet2 Corner side: 25 feet 2,3 Minimum living area: 750 s.f. Maximum lot coverage: 40% Maximum Floor Ratio Area (FAR) 0.104 Maximum structure height: 25 feet 1 Single-family dwellings shall be constructed on lots that are no less than six thousand(6,000)square feet. 2 Pursuant to Section 8.B.below,parcels that have frontage on Martin Luther King Jr.Boulevard and are located within the Martin Luther King Boulevard Overlay Zone shall have front,side interior,and side corner setbacks in accordance with the mixed use-low intensity 1 zoning district(see Section 6.11.below). 3 On corner lots,the side setback adjacent to the street shall be not less than one-half(1/2)the front yard setback. However,where orientation of adjacent lots on both street frontages provide typical front yard setbacks,the comer lot shall provide for front yard setbacks along both streets. when two(2)front yard setbacks are provided for on a corner lot,no rear yard setback shall be required,only side yard setbacks shall be imposed. 4 A floor area ratio(FAR)up to 0.10 maybe considered for non-residential uses allowed within the R-2 district (see "Use Matrix"—Chapter 3,Article IV, Section 3),pursuant to the medium density residential land use category of the Comprehensive Plan. 5 Not to exceed two(2)stories. 55 D. R-1 Single-family Residential District. 1. General. The purpose of the R-1 zoning district is to implement the moderate density residential (MoDR) future land use map (FLUM) classification of the Comprehensive Plan. The intent of this conventional district is to encourage single-family dwellings and structures at densities no greater than seven and one-half(7.5) dwelling units per acre, and allowing limited types of non-residential uses. 2. Use(s) Allowed. See "Use Matrix Table 3-28" in Chapter 3, Article IV, Section 3.1). 3. Building and Site Regulations (Table 3-8). The following lot and setback requirements shall be observed: BUILDING/SITE REGULATIONS R-1 District Minimum lot area: a 6,000 s.f. Minimum lot frontage: 60 feet Front: 25 feet Rear: 20 feet Special rear yard setback reduction for single-story building additions:I Abutting: I-95 or railroad tracks: 50% Abutting: Intracoastal: 50% Abutting: Lakes: 50% Abutting: Golf Course: 50% Abutting: Canals wider than 150 ft 50% Abutting: Canals narrower than 150 ft 33% Abutting: Perimeter walls of community that abut other than residential: Abutting: Commercial or Industrial 50% Abutting: Public or private park: 50% Interior side: 7.5 feet Comer side: 25 feet2 Minimum living area: 1,200 s.f. Maximum lot coverage: 50% Maximum structure height: 30 feet 56 ' 3 J O a x ++ d d d d z z z z to w w z z E U •• a Q YC to YC YC o O to O N [— to O y O c� O c v �1. O o O Q. M y 00 O m � U VI O LO kn o II I C LL W c� �O O O cc 0 `n U •� O OO o ffQ .. ori, "' o O N o d �m r-: z to z x cd W ch U oO o 0 O d to O t d Q rx Q z �o 1:T z z U Qo o ttn z oo r- 1:T z O O o O O DD t Q �� i z 01 01 -- z I O O a0 r. aj Cd Q Qz "O c. Q. $.. c� O fy (� U U Cd p �' Q s .. bD O O Q C/1 tom~" O s. _ _._ U 3 .3u � GTr140. z z z z z z z z 00 w w w w z z z z z • � � d d d d d d d d w w w w z z z z z z 'z z 00 z z z z z z z z co N N N N O z z z z z z z z U O / O O O O O M O O M N r- N N Fri N kn to kn kn M kn kn 44 O O N kn O by o 0 0 0 0 0 0 0 N N O O O O O <cM O O N N v A4 0 0 0 0 0 0 0 0 M N -•� N N �n �n �n �n �n M �n �n Cd �. .-. OCd O V N 4 Cdto to L" . '� o o O .. o a� U 'v C7 U U U w r� r� U rx U ---� EJ Sec. 11. Nonconforming Regulations. A. Lots and Parcels. 1. R-1 District, R-IA District, R-2 District, and R-3 District. A detached single-family dwelling may be constructed on any parcel located in an R-1, R-1 A, R-2, or R-3 district, provided that it meets all of the following requirements: a. The parcel contains at least one (1)whole platted lot,platted prior to August 7, 2001; b. The parcel, or assemblage of platted parcels which individually meet the requirements of paragraph a. above, has a frontage of not less than fifty (50) feet, and a lot area of not less than five thousand(5,000) square feet(irregular, other than rectangle-shaped lots with less than five thousand(5,000) square feet of area may be developed if in conformance with all other lot regulations); c. All such parcels, when developed, shall comply with all provisions of the Land Development Regulations and applicable building code regulations, including without limitation sections of the building code regulations regarding the impact of construction and drainage on or to adjacent properties. -- N 2. R-2 District. Within R-2 districts, in subdivisions platted prior to the effective date of these Regulations, where the platted lots have a frontage of at least forty (40) feet but less than fifty (50)feet,the following rules shall apply: a. A detached single-family dwelling may be constructed on any such parcel,provided that the parcel contains at least one (1)whole platted lot. b. A duplex dwelling may be constructed on any parcel,provided that it meets the following requirements: (1) The parcel contains at least two (2)whole platted lots; (2) Property cannot be acquired from adjacent parcels so as to make the subject parcel conforming, without causing the adjacent parcels to become nonconforming or more nonconforming. c. For any parcel, lot, or combination of lots, where the total frontage is equal or greater than one hundred twenty (120)feet, and the total area is greater than twelve thousand(12,000) square feet, said property shall not be developed except in accordance with the minimum frontage and lot area required in the R-2 zoning district. d. Ownership of parcels shall be determined by the property tax rolls on file in the Palm Beach County Property Appraiser's Office as of the effective date of these Regulations. 3. R-I AA District. A detached single-family dwelling may be constructed on any parcel located in an R-1 AA district,without requiring a variance,provided that it meets the following requirements: a. The parcel contains at least one (1)whole platted lot. b. The parcel has a frontage of not less than sixty (60) feet,and a lot area of not less than six thousand, seven hundred fifty (6,750) square feet in area. c. It would not be possible to acquire property from adjacent parcels so as to make the subject parcel conforming,without causing the adjacent parcels or structures thereon to become nonconforming or more nonconforming. For any parcel or lot, or combination of lots under the same ownership, where the total frontage and the total area is equal to or greater than that which is required by the R-IAA district building and site regulations, said property shall not be developed except in accordance with the minimum frontage and lot area required in the particular zoning district. Not more than one (1)parcel or lot, or combination of lots under the same ownership,that is nonconforming but which meets the requirements under b. above may be developed for a single- family house. 59 ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 1 of 3 Sec. 2. Standards. A. General. 1. Rules and Methodology. a. Parking space requirements shall be computed on the basis of the principal use of a structure or lot, and using gross floor area unless stated otherwise in this article. Gross floor area, for the purposes of this subsection, shall include the floor area occupied by the principal use,plus the floor area occupied by all other enclosed spaces, including but not limited to storage rooms,maintenance and mechanical rooms, offices, lounges, restrooms, lobbies, basements, mezzanines, and hallways. b. Where several principal uses exist in one (1) structure or on one (1) lot,parking space requirements shall be computed separately for each principal use,unless stated otherwise in this article. Where parking spaces are required in this article for each of several principal uses that commonly occur together,this is done for the purpose of clarification only, and shall not limit the application of the requirement contained in this paragraph. c. A use shall be considered a principal use, for the purposes of this subsection, if it could exist separately from all other uses in the same structure or on the same lot, and would by itself generate significant parking demand. d. Where several principal uses exist in one (1)building or part of a building, and the floor area of each principal use cannot be clearly delineated,the parking space requirement for the use requiring the greatest number of parking spaces shall apply. e. Where a use is not listed below, parking space requirements shall be determined by the City Commission after review and recommendation by the Director of Planning and Zoning or designee. f. Where the number of required parking spaces as computed includes a fraction,the number of required parking spaces shall be the computed number rounded to the next highest whole number. g. Except as provided in Section 3.E. below,there shall be provided, at the time of the erection of any structure or establishment of any use, a number of off-street parking spaces in accordance with the following minimum requirements,and subject to the parking requirements of this subsection. Where a structure or use is enlarged or increased in capacity by any means, including a change in building occupancy which requires the provision of additional parking spaces, or a change in use to or which requires additional parking spaces,the minimum number of parking spaces shall be computed by applying these requirements to the entire structure or use. 2. Minimum Number of Required Off-Street Spaces for Non-Residential Uses. No fewer than four(4)parking spaces shall be provided for any non-residential use. 3. Location of Off-Street Parking Areas. a. Residential. Required parking spaces for all dwellings shall be located on the same lot as the dwelling to be served. b. Non-residential. Required parking spaces for all non-residential uses shall be owned by the owner of the building or lot to be served,and shall be located on the same lot, or not more than three hundred(300) feet distance,unless the property is located within those areas defined within the adaptive re-use section of the Code (Chapter 4, Article 5, Section 4). In those areas, required parking spaces may be leased within three hundred(300) feet of the use in which they serve, subject to Board and City Commission approval,and the property shall be posted with signage indicating to patrons the location of the leased parking. B. Table 4-17. Residential and Lodging Uses. Residential and Lodging Uses Standard Number of Required Parking Spaces 60 h4://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 2 of 3 Building area size is based upon gross floor area(in square feet)unless specifically expressed otherwise. Single-family,duplex dwelling,or mobile home: 21 Efficiency or one (1)-bedroom apartment: 1.5 1,2 Within mixed use high district: 1.332 Two (2) or more bedroom apartment: 21,2 Within mixed use high district: 1.661'2 Dormitories: 1 per unit Hotel&motel units containing one (1)-bedroom: 1.25 per unit Within mixed use high district: 1 per unit Hotel& motel suite containing two (2) or more 2 per unit bedrooms: Within mixed use high district: 1 per unit Group home(types 1 through 4): 1 per 3 beds Bed&breakfast: 13 Live/work unit: 1 per 2 units4 1 Residential driveways shall satisfy the parking space requirements for single-family detached dwelling units, duplexes, and multi-family dwelling units containing garages,provided such driveways are of sufficient size to meet the parking space requirements of this subsection. A residential driveway of sufficient size shall be provided prior to the issuance of a certificate of occupancy. For all required parking spaces not located within an enclosed garage, the first parking space shall be the minimum size required for a handicap space, exclusive of public or private rights-of-way, and all other required spaces must be dimensioned in accordance with current city standards. All driveways shall be setback at least two (2) feet from interior side and corner side property lines, and maintained and drained so as to prevent nuisance conditions or a danger to the public and/or adjacent property owners. Any expansion to an existing driveway shall require a zoning permit from the Planning and Zoning Division in accordance with the procedures specified in Chapter 2,Article II, Section S.B.; however, any driveway expansion(or similar impervious surface)that is equal to or greater than eight hundred(800) square feet shall require the approval of a land development permit in accordance with Chapter 2, Article III, Section 3. Any work, such as a driveway,proposed within the swale (right-of-way) shall require a permit from the Engineering Division in accordance with the procedures specified in Chapter 2, Article III, Section 4. 2 Guest parking shall be provided at a rate of 0.15 spaces per unit for residential developments consisting of three (3)or more dwelling units. 3 Required parking shall be calculated on the basis of one (1) space per each employee, manager, or owner and one (1)parking space for each guest unit. Newly created parking may be located only in the rear and side yard. 61 http://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 3 of 3 4 In addition to the required parking for the residential unit,the city requires that one (1) parking space per two (2) live/work units be provided to meet business activity needs. Parking provided to meet this requirement shall be located on the lot,built into or under the structure, or within three hundred (300) feet of the unit in which the use is located. The distance shall be a straight line measurement from a point on the boundary line of the property of the subject unit to the closest boundary line of the property on which the parking is located. Parking provided to accommodate said space, including driveways of adequate depth in front of the unit's garage, shall not serve as meeting required parking for the unit's residential use. 62 http://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... 1/8/2015 SUMMARY OF 2018—2019 USPAP(Uniform Standards of Professional Appraisal Practice) Standard Rule 2: Real Property Appraisal, Reporting In reporting the results of a real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. STANDARD 2 addresses the content and level of information required in a report that communicates the results of the real property appraisal. STANDARD 2 does not dictate the form,format, or style of real property appraisal reports. The form, format, and style of the report are functions of the needs of intended users and appraisers. The substantive content of a report determines its compliance. STANDARDS RULE 2-1 Each written or oral real property appraisal report must: (a) clearly and accurately set forth the appraisal in the manner that will not be misleading; (b) contain sufficient information to enable the intended users of the appraisal to understand the report properly; and (c) clearly and accurately disclose all assumptions, extraordinary assumptions, hypothetical conditions, and limiting conditions used in the assignment. STANDARDS R ULE 2-2(a) Each written real property appraisal report must be prepared under one of the following options and prominently state which option is used:Appraisal Report or Restricted Appraisal Report. The content of an Appraisal Report must be consistent with the Intended Use of the appraisal and, at a minimum: (i) state the identity of the client, unless the client has specifically requested otherwise; state the identity of any intended users by name or type; (ii) state the intended use of the appraisal; (iii) summarize information sufficient to idents the real estate involved in the appraisal, including the physical, legal, and economic property characteristics relevant to the assignment; (iv) state the real property interest appraised; (v) state the type and definition of value and cite the source of the definition; (vi) state the effective date of the appraisal and the date of the report; (vii) summarize the scope of work used to develop the appraisal; (viii) summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach or income approach must be explained; (ix) state the use of the real estate existing as of the date of value and the use of the real estate reflected in the appraisal; (x) when an opinion of highest and best use was developed by the appraiser, summarize the support and rationale for that opinion; (xi) clearly and conspicuously: state all extraordinary assumptions and hypothetical conditions: and state that their use might have affected the assignment results; and (xii) include a signed certification in accordance with Standards Rule 2-3. 63 475.611 Florida Statutes: Definitions.-- (1) As used in this part, the term: (a) "Appraisal" or"appraisal services" means the services provided by certified or licensed appraisers or registered trainee appraisers, and includes: 1. "Appraisal assignment" denotes an engagement for which a person is employed or retained to act, or could be perceived by third parties or the public as acting, as an agent or a disinterested third party in rendering an unbiased analysis, opinion, review, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real property. 2. "Analysis assignment" denotes appraisal services that relate to the employer's or client's individual needs or investment objectives and includes specialized marketing, financing, and feasibility studies as well as analyses, opinions, and conclusions given in connection with activities such as real estate brokerage, mortgage banking, real estate counseling, or real estate consulting. 3. "Appraisal review assignment" denotes an engagement for which an appraiser is employed or retained to develop and communicate an opinion about the quality of another appraiser's appraisal, appraisal report, or work. An appraisal review may or may not contain the reviewing appraiser's opinion of value. (b) "Appraisal Foundation" or"foundation" means the Appraisal Foundation established on November 20, 1987, as a not-for-profit corporation under the laws of Illinois. (c) "Appraisal report" means any communication, written or oral, of an appraisal, appraisal review, appraisal consulting service, analysis, opinion, or conclusion relating to the nature, quality, value, or utility of a specified interest in, or aspect of, identified real property, and includes any report communicating an appraisal analysis, opinion, or conclusion of value, regardless of title. However, in order to be recognized in a federally related transaction, an appraisal report must be written. (d) "Appraisal review" means the act or process of developing and communicating an opinion about the quality of another appraiser's appraisal, appraisal report, or work. (e) "Appraisal subcommittee" means the designees of the heads of the federal financial institutions regulatory agencies established by the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. ss. 3301 et seq.), as amended. (f) "Appraiser" means any person who is a registered trainee real estate appraiser, licensed real estate appraiser, or a certified real estate appraiser. An appraiser renders a professional service and is a professional within the meaning of s. 05._1.1_(4)(a). (g) "Board" means the Florida Real Estate Appraisal Board established under this section. (h) "Certified general appraiser" means a person who is certified by the department as qualified to issue appraisal reports for any type of real property. (i) "Certified residential appraiser" means a person who is certified by the department as qualified to issue appraisal reports for residential real property of one to four residential units, without regard to transaction value or complexity, or real property as may be authorized by federal regulation. Q) "Department" means the Department of Business and Professional Regulation. 64 Page 1 of 5 Vance Real Estate Service ANWONNNOMMIL 9 Jesse B. Vance, Jr., MAI, SRA, ASA, MBA Appraiser - Real Estate Analyst - Reviewer - Expert Witness Vance Real Estate Service - 7481 NW 4 Street - Plantation - Florida - 33317 Office: 954.583.2116; Cell: 954.610.2423; Email: vanceval(a,comcast.net Web Page: www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Currently registered in"SAM" (U.S. Government System for Award Management—DUNS 826494957).Designated appraisers perform the appraisal work,no trainees. Jesse B. Vance, Jr., MAI, SRA, ASA, MBA and Claudia Vance, MAI are qualified as expert witnesses for eminent domain, bankruptcies, deficiency judgments, marriage dissolution, and estate valuations. Our firm values most types of real property interests for sale, mortgage loans, litigation and investment reasonably, timely and professionally. As licensed real estate brokers,we perform most other real property functions.We also do"Valuations for Financial Reporting." PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/DEGREES/LICENSES&CERTIFICATIONS MAI DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 SRA DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 ASA DESIGNATION - AMERICAN SOCIETY OF APPRAISERS(RE-Urban)4003439 MBA DEGREE - REAL ESTATE MANAGEMENT AND DEVELOPMENT STATE-CERTIFIED GENERAL REAL ESTATE APPRAISER 4RZ-85(Florida) FLORIDA STATE LICENSED REAL ESTATE BROKER NO.BK.91050 REGISTERED VETERAN-OWNED SMALL BUSINESS(CCR/Duns 826494957) FLORIDA CERTIFIED SDVBE BUSINESS ENTERPRISE(Minority Business Enterprise-MBE) FLORIDA"D.E.P."APPROVED APPRAISER Currently registered in"SAM"(U.S.Government System for Award Management). B)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION 1.U.S.Court of Appeals,Eleventh Circuit 2.U.S.District Court,Southern District of South Florida 3.U.S.District Court,New Jersey 4.U.S.Bankruptcy Court,Southern District of Florida 5.U.S.Bankruptcy Court,District of New Jersey 6.U.S.Bankruptcy Court,Western(Pittsburgh)Division of Pennsylvania 7.Florida Circuit Courts:Broward,Dade,Palm Beach,Lee,Collier,Martin,and Okeechobee Counties 8.Appraiser on landmark eminent domain cases:TESSLER,NESS TRAILER PARK,PATEL,SIMPSON v. FILLICHIO,RUBANO,PALM BEACH COUNTY(FL)vs.COVE CLUB INVESTORS,LTD. C)EXPERIENCE Over thirty-five(35)years appraising and analyzing real property interests in South Florida Partial list: RESIDENCES, RESTAURANTS/BARS, APARTMENT BUILDINGS, OFFICE BUILDINGS HOTELS/MOTELS, CHURCHES, CONDOMINIUMS/COOPS, HOSPITALS &NURSING HOMES, VACANT LAND, GOLF COURSES, GOLF CLUBS, GASOLINE SERVICE STATIONS, MARINAS, TRAILER PARKS, SHOPPING CENTERS, BANKS/THRIFT INSTITUTIONS, BOWLING ALLEYS, P.U.D.'S, INDUSTRIAL BUILDINGS, TIME-SHARE DEVELOPMENTS, ROCK PITS, SCHOOLS, AGRICULTURAL PROPERTIES, WATER MANAGEMENT DISTRICT, MARKETABILITY, FEASIBILITY ANALYSES, INVESTMENT ANALYSES, AUTO SALES FACILITIES, LEASE VALUATIONS, TAX & ASSESSMENT APPEALS, CONDEMNATION, EXPERT WITNESS (Member National Forensic Center), BUSINESS ENTERPRISE VALUATIONS (BEV), (VFR) VALUATION FOR FINANCIAL REPORTING, AVIGATION & CLEARANCE EASEMENTS, ESTATES, DIVORCES, PLANNING/LAND USE STUDIES, HIGHEST & BEST USE ANALYSES, DEPRECIATION ANALYSES, COMPONENT APPRAISALS, ENVIRONMENTALLY SENSITIVE LAND, CONTAMINATED PROPERTIES, SUGARCANE & TURFGRASS LAND, DAY CARE CENTERS, SELF-STORAGE FACILITIES, FUNERAL HOMES, ANIMAL HOSPITALS, SUBMERGED LAND, CITY CENTERS,etc. 65 Page 2 of 5 D)PARTIAL LIST OF CLIENTS PRIVATE INDIVIDUALS AND CORPORATIONS, ATTORNEYS, ACCOUNTANTS, TRUST DEPARTMENTS, COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust; American National Bank; Landmark Bank; City National Bank; BankUnited; Gateway American Bank; State Farm Bank; Englewood Bank & Trust; SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES, TITLE INSURANCE COMPANIES; FLORIDA CITIES: FORT LAUDERDALE, PLANTATION, COOPER CITY, TAMARAC, LAUDERHILL, BOCA RATON, DEERFIELD BEACH, OAKLAND PARK, WILTON MANORS, HOLLYWOOD, WEST PALM BEACH, DELRAY BEACH, HALLANDALE, PEMBROKE PINES, COOPER CITY, TOWN OF DAVIE, TOWN OF SOUTHWEST RANCHES, MIRAMAR. FLORIDA COUNTIES: BROWARD, PALM BEACH,COLLIER, OKEECHOBEE;BROWARD COUNTY BOARD OF COUNTY COMMISSIONERS;OKEECHOBEE BOARD OF COUNTY COMMISSIONERS. SCHOOL BOARD OF BROWARD COUNTY, FLORIDA, BROWARD COUNTY HOUSING AUTHORITY,STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION(DOT); STATE OF FLORIDA DIVISION OF GENERAL SERVICES(GSA); N. BROWARD GENERAL HOSPITAL DISTRICT; STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION (Approved Vendor);U_S. TREASURY DEPARTMENT(General Counsel, I.R.S.);U.S.MARSHAL'S SERVICE—U.S.ATTORNEY'S OFFICE CENTRAL DIVISION—U.S.Dept.of Justice; VETERANS ADMINISTRATION E)EDUCATIONAL BACKGROUND-(Partial List) BACHELOR OF ARTS- Earlham College,Richmond,Indiana(1954) MBA(Nova University) - Real Estate Management&Development(National Dean's List 1991) Course 1 (AIREA) - Basic Principles of Appraising Course 2 (AIREA) - Urban Property Valuation(Income) Course 4 (AIREA) -Condemnation Appraising Course 6 (AIREA) - Income Capitalization&Analysis Course 101(SREA) - Introduction to Appraising Course 201(SREA) - Income Property Valuation,Theory Course 202(SREA) - Applied Income Property Valuation Course 301(SREA) - Applications/Appraisal Analysis Symposium (SREA) - Market Analysis,1978,Virginia Symposium (SREA) - Market Analysis,1979,Arizona Symposium (SREA) - Market Analysis,1980,South Carolina Symposium (SREA) - Market Analysis,1981,Tennessee Symposium (SREA) - Market Analysis,1982,New Mexico Symposium (SREA) - Market Analysis,1983,Pennsylvania Symposium (SREA) - Market Analysis,1984,Georgia Symposium (SREA) - Market Analysis,1985,Vancouver,B.C. Symposium (SREA) - Market Analysis,1986,New Jersey Clinic (SREA) -#201 Instructor,1987,U.of Illinois Clinic (SREA) -#201 Instructor,1988,Illinois Seminar (SREA) - Professional Practice,1988,Florida Symposium(SREA) - Market Analysis, 1988,California Symposium(SREA) - Market Analysis, 1989,Minnesota MBA Graduate School Courses: 1990—1991 Successfully completed the following graduate school courses: - "Regulation of Real Estate Development" - "Real Properties Management" - "Legal Issues In Real Estate" - "Market Analysis and Site Selection" - "Organizational Behavior and Management' - "Human Resource Management" - "Real Estate Economics" -"R.E.Finance:Instruments,Institutions&Investment Analysis" - "Urban Infrastructure&Environmental Analysis" - "Real Estate Accounting" - "Marketing Management for Real Estate" - "Commercial Real Estate Lending" - "Construction Technology and the Building Development Process" SEMINAR (AI) - Cost Approach(1992/Boston) SEMINAR (AI) - Rates&Ratios(1992/Boston) SEMINAR (AI) - International Appraising(1992/Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial(1993) SEMINAR (AI) - ADA ACT(1993/Reno) SEMINAR (AI) - Hotel Valuation(1993) SEMINAR (AI) - Income Capitalization,Methods(1993) SEMINAR (AI) - Powerlines/Electromagnetic Radiation(1994) SEMINAR (AI) - Verifying Market Data(1994) SEMINAR (AI) - Market Studies for Appraisals(1994) SEMINAR (AI) - Florida Appraiser Core Law(USPAP/1994) 66 Page 3 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994) SEMINAR (AI) - Public Safety&Property Values(1995) SEMINAR (AI) - Outparcel Valuation(1995) SEMINAR (AI) - Computer Technology Video Conference(1995) SEMINAR (AI) - The Internet&the Appraiser(1996) SEMINAR (AI) - Florida Commercial Construction(1996) SEMINAR (AI) - Real Property Rights in Florida(1996) COURSE (AI) - USPAP&Florida Real Estate Core Law(1996) SEMINAR (AI) - Valuation of Trees(199 7) 3-DAY COURSE - Environmental Permitting/Mitigation/Mitigation Banking/Contamination Risk Management- Liability/Wetlands/Hazardous Wastes/LenderLiability(1997/Marco Beach.FL) SEMINAR(AI) -Valuation of Transferable Development Rights[TDR's](1997) COURSE (AI) - Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) - Non-Conforming Uses(1998) SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998) COURSE (AI) - USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) - Econometrics/Statistical Valuation Methods(1999) COURSE (AI) - 14 Hour(2-day)Advanced Spreadsheet Modeling for Valuation Applications SEMINAR(AI) - Globalization of Real Estate/What U.S.Appraisers Need to Know(1999) SEMINAR(AI) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) - Technology Forum Part II/Intermediate(1999) SEMINAR(AI) - Client Satisfaction/Retention/Development(1999) SEMINAR(AI) - Attacking and Defending an Appraisal(1999) SEMINAR(AI) - Federal Appraisal Requirements("Yellow Book')(2000) SEMINAR(AI) - Regression Analysis in Appraisal Practice:Concepts&Applications(2000) SEMINAR(AI) -Analyzing Income Producing Properties(2000) SEMINAR(ATIF) - 1031 Tax Deferred Exchanges(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) - Mediation&Alternate Dispute Resolution Seminar(2001) SEMINAR(AI) - State of the Appraisal Profession(2001) 2-Day SEMINAR - Eminent Domain,by CLE International,Tampa,Florida(200 1) SEMINAR(AI) -Ad Valorem Assessment Process in Florida(2002) SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002) SEMINAR(AI) -Appraisers&the Gramm-Leach-Bliley Federal Privacy Act(2002) SEMINAR(AI) -How to Appraise the Ugly House(2002) COURSE(AI) -2-Day Course#430,Standards of Professional Practice,Part C(2002) SEMINAR(AI) -Market Trends for 2003(2003) SEMINAR(AI) -Update on Code of Professional Ethics(2003) PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003) SEMINAR(AI) -Florida State Law for Real Estate Appraisers(2003) SEMINAR(AI) -Appraisal Agreements(2003) SEMINAR(AI) -Analyzing Distressed Real Estate(2004) SEMINAR(AI) -Valuation for Financial Reporting Purposes(2004) SEMINAR(AI) -7 Hour National USPAP Update Course#1400(2004) SEMINAR(AI) -Inverse Condemnation(2004) SEMINAR(AI) -Appraiser Independence in the Loan Process(2004) SUMMIT (AI) -Moderator at 2-day Appraisal Summit in Washington,D.C.(12/2004) SEMINAR(AI) -Loss Prevention Program for Real Estate Appraisers(2005) SEMINAR(AI) -Valuation of Wetlands(7/2005) SEMINAR(AI) -Tri-County Residential Symposium(8/2005) SEMINAR(AI) -"Cool Tools"Internet Resources and Use for Valuation(2/2006) SEMINAR(AI) -FREAB 7-Hour National USPAP Update(5/2006) SEMINAR(AI) -FREAB 3-Hour Florida State Law for Real Estate Appraisers(5/2006) SEMINAR(AI) -USPAP Scope of Work&New Requirements(8/2006) SEMINAR(AI) -USPAP Reappraising,Readdressing&Reassigning Appraisal Reports(2/2007) SEMINAR(AI) -Al Summary Appraisal Report/Residential(4/07) COURSE(Fla..) -14-Hour Continuing Education(including 3-Hour Florida Core Law)(7/2007) SEMINAR(AI) -Real Estate Fraud:Appraisers Beware!(8/2007) SEMINAR(AI) - Florida Law for Real Estate Appraisers(11/2007) COURSE(AI) -Business Practices and Ethics—8 hours(12/2007) SEMINAR(AI) -Supervisor Trainee Roles and Rules(2/2008) SEMINAR(AI) -7 Hour National USPAP(4/2008) SEMINAR(AI) -USPAP Hypothetical Conditions&Extraordinary Assumptions(5/2008) SEMINAR(AI) -Litigation Skills for the Appraiser—7-Hour Seminar(9/2008) SEMINAR(AI) -Public Sector Appraising(2/2009) 67 Page 4 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) WEBINAR(AI) -Develop an Effective Marketing Plan(3/2009) SEMINAR(AI) -Inspecting the Residential"Green House"(4/2009) SEMINAR(AI) -Property Tax Assessment(5/2010) SEMINAR(AI) -Supervisor Trainee Roles and Rules(7/2010) SEMINAR(AI) -Florida Law for Real Estate Appraisers(7/2010) SEMINAR(AI) -7-Hour Introduction to Valuation for Financial Reporting—Chicago(5/2009) SEMINAR(AI) -Government Regulations&Their Effect on R.E.Appraising(8/2009) SEMINAR(AI) -R.E.Market:How We Got Here,Where We Are,Where We're Going(10/2009) SEMINAR(AI) -7 Hour National USPAP Update Course(10/1/2010) COURSE (AI) -7 Hour Introduction to Conservation Easement Valuation(12/10/2010) SEMINAR(AI) -The Real Estate Market(2/18/2011) COURSE (AI) - 16 Hours Uniform Appraisal Standards for Federal Land Acquisitions("Yellow Boob')(2/25-26/2011) WEBINAR(AI) -Real Estate Industry Perspectives on Lease Accounting(4/7/2011) COURSE (AI) - 15 Hour Appraisal Curriculum Overview(5/19-20/2011) WEBINAR(AI) -2-hour Investment Property Accounting Standards(6/8/2011) SEMINAR(AI) -3 Hour Spotlight on USPAP—Agreement for Services(7/15/2011) COURSE (AI) - 14 Hours(2-day)Advanced Excel Spreadsheet Modeling for Valuation Applications(9/22&9/23/2011) SEMINAR(AI) - Trial Components(11/4/11) SEMINAR(AI) - Lessons from the Old Economy Working in the New(1/20/2012) 7-Hour USPAP -National USPAP Update(3/9/2012) 3-Hour Fla..Law -State Law Update(3/9/2012) SEMINAR(AI) - Appraisal Review for General Appraisers(4/12/2012) SEMINAR(AI) - Land Valuation(4/20/2012) SEMINAR(AI) - The Valuation of Warehouses(6/22/2012) SEMINAR(AI) - Town Hall Meeting:2012 Appraisal Institute Forum(7/12/2012) SEMINAR(AI) - IRS Valuation(7/19/2012) SEMINAR(AI) - 7 Hour Business Practices and Ethics Course(12/7/2012) SEMINAR(AI) - Real Estate Forecast 2013(1/25/2013) COURSE(AI) - 7 Hour Advanced Marketability Studies(5/6/2013) SEMINAR(AI) - Developing a Supportable Workfile(11/15/2013) SEMINAR(AI) - Florida Appraisal Law Course(2/7/2014) SEMINAR(AI) - Liability Issues for Appraisers performing Litigation&Non-Lending Work(2/24/2014) COURSE(AI) - 7 Hour National USPAP Update Course(4/25/2014) SEMINAR(AI) - Economic Conditions(5/16/2014) SEMINAR(AI) - Fundamentals of Going Concerns(7/16/2014) SEMINAR(AI) - Litigation Assignments for Residential Appraisers(7/24/2014) SEMINAR(AI) - Economic Engines of Miami-Dade County,Florida(1/23/2015) SEMINAR(AI) - Economic Engines Driving Broward County,Florida(5/15/2015) 3-Hour Fla.Law - Florida Real Estate Broker 14-hour Continuing Education Course (incl.3 hour core law)with exam(9/2015) SEMINAR(AI) -Drone Technology&its Effect on Real Estate Valuations(11/2015) SEMINAR(AI) -Loss Prevention for Real Estate Appraisers(1/22/2016) COURSE(AI) -7-Hour National USPAP Update Course(4/22/2016) SEMINAR(AI) -3-Hour Florida Appraisal Law(4/22/2016) SEMINAR(AI) -4-Hour Appraisals in the Banking Environment(5/6/2016) SEMINAR(AI) -Appraising the Tough One:Mixed Use Properties(8/19/2016) SEMINAR(AI) -4-Hour Business Practices&Ethics(12/02/2016)5-Year Requirement WEBINAR(AI) -2-Hour Yellow Book Changes—Overview for Appraisers(1/11/2017) SEMINAR(AI) -3-Hours Economic Engines Driving Broward County in 2017(1/27/2017) COURSE(AI) -7-Hours:Introduction to Green Buildings Principles&Concepts(2/24/2017) COURSE(AI) -4 Hours:Another View of the Tough One:Sales Comparison Approach for Mixed-Use Properties(5/19/2017) SEMINAR(AI) -4 Hours:Appraising for Federal Office of Valuation Services&Yellow Book Review(8/18/2017) COURSE(BR) -14 Hours Real Estate Continuing Education,including 3-Hour Florida Real Estate Core Law(9/13/2017) COURSE(AI) - 4-Hours:2-4 Unit Small Residential Income Property Appraisals(11/3/2017) COURSE(AI) - 15 Hours"Yellow Book"Unifonn Appraisal Standards for Federal Land Acquisitions—Passed Exam(11/10/2017) SEMINAR(AI) - 3 Hours"Hot Topics and Myths in Appraiser Liability"(1/26/2018) COURSE(AI) - 7-Hour National USPAP Update Course(2/9/2018) SEMINAR(AI) - 3 Hours Florida Appraisal Law(2/9/2018) SEMINAR(AI) - 3 Hours"Parking Impact on Florida Properties"(5/4/2018) SEMINAR(AI) - 4 Hours"Technology Tips for Real Estate Appraisers"(9/21/2018) 68 Page 5 of 5 F)APPRAISAL TEACHING EXPERIENCE Licensed by the Florida Department of Education to Teach(Certificate No.275236). Authored and taught Residential and Commercial Real Estate Appraisal Courses for Broward County Adult Education Program. Taught Course 101 - Society of Real Estate Appraisers. Taught Course 201 - Society of Real Estate Appraisers. Taught Appraisal Seminars-Board of Realtors,ASA, SREA,and Al (Appraisal Institute). Adjunct Professor, University of Florida Division of Continuing Education: (taught Course 2, "Real Estate Principles and Practices" to prospective Florida Real Estate Brokers). G)PROFESSIONAL OFFICES HELD/AWARDS NATIONAL B.O.D.MEMBER - BOARD OF DIRECTORS of APPRAISAL INSTITUTE (2006-2008) AWARD - Appraisal Institute`NATIONAL PRESIDENTS AWARD"2008 AWARD - Appraisal Institute"LIFETIME ACHIEVEMENT AWARD"2011 For"high ethical standards,contributions to the Appraisal Institute,Community and Appraisal Profession for at least 20 years." CHAIR - REGION X -All of Florida -Appraisal Institute(2008) VICE-CHAIR - REGION X -All of Florida -Appraisal Institute(2007) THIRD DIRECTOR - REGION X -All of Florida -Appraisal Institute(2006) FINANCE OFFICER - REGION X—All of Florida—Appraisal Institute(2006) PRESIDENT - BROWARD COUNTY,SOCIETY OF REAL ESTATE APPRAISERS PRESIDENT - BROWARD COUNTY,AMERICAN SOCIETY OF APPRAISERS CHAIR - FLA.STATE GOVERNMENT RELATIONS SUBCOMMITTEE OF Al CHAIR - FLA.STATE LEGISLATION&REGULATION SUBCOMMITTEE OF Al G)PROFESSIONAL OFFICES HELD/AWARDS CHAIR - FLORIDA REALTORS COMMITTEE ON COMMITTEE REFORMS CHAIR - EDUCATION COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - CANDIDATES GUIDANCE COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - NATIONAL Valuation for Financial Reporting PROJECT TEAM OF Al VICE CHAIR&MEMBER - NATIONAL GOVERNMENT RELATIONS COMMITTEE OF Al(15 Years) MEMBER - NATIONAL LONG RANGE PLANNING COMMITTEE OF Al MEMBER - NATIONAL PUBLIC AFFAIRS COMMITTEE OF Al DIRECTOR - REGION X(Florida)Appraisal Institute MEMBER - REGION X(FLORIDA)ETHICS AND COUNSELING PANEL DIRECTOR - BROWARD COUNTY,FLORIDA SOCIETY OF REAL ESTATE APPRAISERS DIRECTOR - SOUTH FLORIDA CHAPTER AMERICAN SOCIETY OF APPRAISERS MEMBER - NATIONAL EXPERIENCE REVIEW PANEL MEMBER OF Al SPECIAL MASTER - BROWARD COUNTY BOARD OF TAX ADJUSTMENT COMMISSIONER - 17TH JUDICIAL CIRCUIT COURT,Broward County,FL MEMBER - 2013 APPRAISAL INSTITUTE NATIONAL BUSVAL PROJECT TEAM H)PROFESSIONAL PUBLICATIONS&PRESENTATIONS Wrote and taught a basic Residential Appraisal Course for the Broward County Adult Education Div.of the Dept.of Education; Wrote and taught an Income Appraisal Course for the Broward County Adult Education Division of the Department of Education; Co-authored and taught an appraisal course on Mortgage-Equity Capitalization for the American Society of Appraisers. Authored and taught a Florida State and Appraisal Institute 3-hour accredited course in"The Legislation,Regulation and Appraisal of Real Property Rights in Florida September 7,1996. Presentation on"Gramm-Leach-Bliley"Federal Privacy Act of 1999 for South Florida Chapter of American Society of Appraisers on October 24,2001. Presented 3-hour Florida CEU-credit seminar on"Appraisers and the Gramm-Leach-Bliley Act"before the South Florida Chapter of the Appraisal Institute on July 27,2002. Presenter at 6.5 Hour CLE-credit Attorney Seminar on Florida Eminent Domain,"Valuation and Damage Issues" February 2,2006, Fort Lauderdale,Florida P CIVIC INVOLVEMENT MEMBER OF ROTARY INTERNATIONAL/PAUL HARRIS FELLOW MEMBER OF THE GREATER FORT LAUDERDALE OPERA GUILD MEMBER FLORIDA PHILHARMONIC BROWARD TRUSTEES MEMBER OF THE BROWARD COUNTY LIBRARY SUPPORT GROUP("BYBLOS") MEMBER CIRCLE OF FRIENDS—NOVA SOUTHEASTERN LIBRARY FOUNDATION MEMBER NOVA SOUTHEASTERN UNIVERSITY ALUMNI ASSOCIATION MEMBER OF THE FORT LAUDERDALE HISTORICAL SOCIETY MEMBER OF THE BROWARD COUNTY MUSEUM OF THE ARTS MEMBER OF THE FORT LAUDERDALE/BROWARD COUNTY CHAMBER OF COMMERCE MEMBER OF THE BETTER BUSINESS BUREAU OF SOUTH FLORIDA LIFETIME HONORARY MEMBER FLORIDA SHERIFF'S ASSOCIATION MEMBER NATIONAL&FT.LAUDERDALE COUNCILS U.S.NAVY LEAGUE U.S.ARMY VETERAN WWII(RA 1721268 1)-HONORABLE DISCHARGE 1949 69 I of 5 Vance Beal Estate Service ir 01% Claudia Vance, MAI Appraiser - Real Estate Analyst Reviewer Vance Real Estate Service - 7481 NW 4 Street Plantation - FL - 33317 Office: 954.583.2116 Cell: 954.647.7148 Email: vanceval ,att.net Web Site:www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Designated appraisers perform the appraisal work,no trainees. Our appraisals are used for financial/mortgage loan purposes from large mixed use complexes to small owner-occupied properties. We have the qualifications for appraisals submitted to SBA. Jesse B.Vance,Jr.,MAI, SRA,ASA and Claudia Vance,MAI are qualified as expert witnesses for eminent domain,deficiency judgments,marriage dissolution,and estates. Our firm values most types of real property interests,timely,professionally,and at competitive costs. PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/LICENSES MAI Designation- APPRAISAL INSTITUTE No.9451 State-Certified General Real Estate Appraiser No.RZ-173 Florida State Licensed Real Estate Broker No.BK 0161305 VOSB Veteran-Owned Small Business(CCR/Duns 826494957) B)WORK HISTORY 1983-Current Vice President-Vance Real Estate Service 1981-1983 President-The Appraisal Company,Fort Lauderdale,Florida 1979-1981 Staff Appraiser -Real Property Analysts,Inc.,Fort Lauderdale,Florida 1976-1980 REALTOR-Associate-The Atwood Corporation,Fort Lauderdale,Florida 1973-1975 Teacher of Secondary Language Arts in the Jefferson Parish School in Louisiana C)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION U.S.Bankruptcy Court,Southern District of Florida Florida Circuit Court:Broward County D)APPRAISER SPECIAL MAGISTRATE FOR THE BROWARD CO VALUE ADJUSTMENT BOARD 2002-2010 E)EXPERIENCE:35+years appraising and analyzing real property interests in South Florida Partial list of real property types valued: High value residences,Condominiums/Co-operatives,Office,Industrial,Multi-family,Restaurants/bars,Auto dealerships,City Centers, Hotels/motels, Houses of worship, Schools, Child care centers, Self-storage, Funeral home, Animal Hospital, Mixed use,Nursing homes, Gas sales stations,Marinas,Mobile home parks, Shopping centers, Country clubs/golf courses, Financial institutions,Bowling centers,Vacant land, Agricultural properties,Environmentally sensitive land Types of Reports: Market Value, Eminent Domain, Marketability, Feasibility, Highest and Best Use, Investment Analyses, Partial Interests, Easement Valuations,Estate planning,Marriage dissolution,Land use studies,Damage/Contamination studies 70 2 of 5 F)PARTIAL LIST OF CLIENTS— PRIVATE: Individuals,Corporations,Attorneys,Accountants,Habitat for Humanity,Seminole Tribe of Florida COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust Citigroup; Space Coast Credit Union; State Farm Bank; Florida Shores Bank;American National Bank;Landmark Bank;City National Bank;Englewood Bank&Trust SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES,TITLE INSURANCE COMPANIES FLORIDA CITIES: Fort Lauderdale, Plantation, Cooper City, Deerfield Beach, Tamarac, Oakland Park, Wilton Manors, Davie,Hollywood,Pembroke Pines,Hallandale Beach,Lauderhill, Southwest Ranches,Miramar,Boca Raton,Boynton Beach, West Palm Beach,Delray Beach FLORIDA COUNTIES and AGENCIES: Broward,Palm Beach,Broward County Board of County Commissioners,School Board of Broward County,Broward County Housing Authority STATE OF FLORIDA Department of Transportation(FDOT),Department of Environmental Protection U.S.Department of Veterans Affairs,U.S.Department of Treasury(IRS),U.S Marshall's Service,U.S.Attorney G)EDUCATIONAL BACKGROUND Academic: Bachelor of Arts Degree—University of New Orleans,New Orleans,LA—Major: English Professional: Course 1-A (AIREA)- Introduction to Appraising Real Property,1977,Passed Exam Course 1-B (AIREA)- Capitalization Theory and Techniques,1978,Passed Exam Course VIII(AIREA)- Residential Appraising,1978,Passed Exam Course SPP (AI) - Standards of Professional Practice,1992,Passed Exam Course 2-1 (AIREA)- Case Studies,1987,Passed Exam Course 2-2 (AIREA)- Report Writing,1987,Passed Exam Course R-2 (SREA) - Report Writing,1978,Passed Exam Course 202 (SREA) - Applied Income Property Valuation,1983,Passed Exam Course 301 (SREA) - Applications/Appraisal Analysis, 1984,No Exam Course SPP (SREA) - Standards of Professional Practice,1989,No Exam Symposium (SREA)- Market Analysis,1983,Philadelphia Symposium (SREA)- Market Analysis,1984,Atlanta Symposium (SREA)- Market Analysis,1985,Vancouver Symposium (SREA)- Market Analysis,1986,Atlantic City Symposium (SREA)- Market Analysis,1988,Los Angeles SEMINAR (AI) - Cost Approach(1992/Boston) SEMINAR (AI) - Rates&Ratios(1992/Boston) SEMINAR (AI) - International Appraising(1992/Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial(1993) SEMINAR (AI) - ADA ACT(1993/Reno) SEMINAR (AI) - Hotel Valuation(1993) SEMINAR (AI) - Income Capitalization,Methods(1993) SEMINAR (AI) - Powerlines/Electromagnetic Radiation(1994) SEMINAR (AI) - Verifying Market Data(1994) SEMINAR (AI) - Market Studies for Appraisals(1994) SEMINAR (AI) - Florida Appraiser Core Law(USPAP/1994) SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994) SEMINAR (AI) - Public Safety&Property Values(1995) SEMINAR (AI) - Outparcel Valuation(1995) SEMINAR (AI) - Computer Technology Video Conference(1995) SEMINAR (AI) - The Interact&the Appraiser(1996) SEMINAR (AI) - Florida Commercial Construction(1996) SEMINAR (AI) - 1996 Data Exchange(1996) SEMINAR (AI) - Real Property Rights in Florida(1996) COURSE (AI) - USPAP&Florida Real Estate Core Law(1996) SEMINAR (AI) - Valuation of Trees(1997) 71 3 of 5 G)EDUCATIONAL BACKGROUND(Continued) SEMINAR(AI) - Valuation of Transferable Development Rights[TDR's] (1997) COURSE (AI) - Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) - Non-Conforming Uses(1998) SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998) COURSE (AI) - USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) - Econometrics/Statistical Valuation Methods(1999) SEMINAR(AI) - Globalization of Real Estate/RThat U.S.Appraisers Need to Know(1999) SEMINAR(AI) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) - Technology Forum Part II/Intermediate(1999) SEMINAR(AI) - Client Satisfaction/Retention/Development(1999) SEMINAR(AI) - Attacking and Defending an Appraisal(1999) SEMINAR(AI) - Federal Appraisal Requirements(2000) SEMINAR(AI) - Regression Analysis in Appraisal Practice:Concepts&Applications(2000) SEMINAR(AI) -Analyzing Income Producing Properties(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) - Mediation&Alternate Dispute Resolution Seminar(2001) SEMINAR(AI) - State of the Appraisal Profession(2001) SEMINAR(AI) -Ad Valorem Assessment Process in Florida(2002) SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002) SEMINAR(AI) -Appraisers&the Gramm-Leach-Bliley Federal Privacy Act(2002) SEMINAR(AI) -How to Appraise the Ugly House(2002) COURSE(AI) -2-Day Course#430,Standards of Professional Practice,Part C(2002) SEMINAR(AI) -Market Trends for 2003(2003) SEMINAR(AI) -Update on Code of Professional Ethics(2003) PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003) SEMINAR(AI) -Florida State Law for Real Estate Appraisers(2003) SEMINAR(AI) -Appraisal Agreements(2003) SEMINAR(AI) -Analyzing Distressed Real Estate(2004) SEMINAR(AI) - Valuation for Financial Reporting Purposes(2004) SEMINAR(AI) - National USPAP Course(2004) SEMINAR(AI) - Inverse Condemnation(2004) SEMINAR(AI) - Loss Prevention(2005) SEMINAR(AI) - Single Family Fraud Awareness(2005) SEMINAR(AI) - Guide to the new URAR form(2005) SEMINAR(AI) - Technologies for Real Estate Appraisers(2006) SEMINAR(AI) - The Appraiser's Role in New Urbanism(2006) SEMINAR(AI) - National USPAP Update(2006) SEMINAR(AI) - Florida State Law for Real Estate Appraisers(2006) SEMINAR(AI) - Scope of Work and the New USPAP Requirements(2006) SEMINAR(AI) - Energy Star and the Appraisal Process(2006) SEMINAR(AI) - Reappraising,Readdressing,and Reassigning Appraisals(2007) SEMINAR(AI) - Real Estate Fraud(2007) SEMINAR(AI) - Forecasting Revenue(2007) SEMINAR(AI) - Florida Law for Real Estate Appraisers(2007) COURSE(AI) -Business Practice and Ethics#420(2007) SEMINAR(AI) -Supervisor—Trainee Roles and Rules(2008) COURSE(AI) -7 Hour National USPAP Update#400(2008) SEMINAR(AI) -Hypothetical Conditions and Assumptions(2008) SEMINAR(AI) -Real Estate Economy(2008) SEMINAR(AI) -Public Sector Appraising(2009) SEMINAR(AI) -Inspecting the residential"green"house(2009) WEBINAR(AI) -Value for Financial Reporting(2009) SEMINAR(AI) -The Real Estate Market in 2009 SEMINAR(AI) -New Govemment Regulations(2009) SEMINAR(AI) -Property Tax Assessment (2010) SEMINAR(AI) -7 Hour National USPAP (2010) SEMINAR(AI) -Florida Law for Real Estate Appraisers(2010) SEMINAR(AI) -Supervisor/Trainee Roles and Rules(2010) SEMINAR(AI) -The Real Estate Market(2011) SEMINAR(AI) -Uniform Appraisal Standards for Federal Land Acquisitions-"Yellow Boob'(2011) COURSE(AI) -15 Hour Appraisal Curriculum Overview(2011) SEMINAR(AI) -Spotlight on USPAP—Agreement for Services(2011) SEMINAR(AI) -Trial Components(2011) 72 4of5 G)EDUCATIONAL BACKGROUND(Continued) SEMINAR(Al) -Lessons from the Old Economy Working in the New(2012) SEMINAR(Al) -Appraisal Review for General Appraisals(2012) COURSE(Al) -National USPAP Update(2012) SEMINAR(Al) -Florida Law(2012) SEMINAR(Al) -Land Valuation(2012) SEMINAR(Al) -Valuation of Warehouses(2012) SEMINAR(Al) -IRS Valuation(2012) SEMINAR(Al) -Business Practices and Ethics(2012) SEMINAR(Al) -Real Estate Forecast(2013) SEMINAR(Al) -Advanced Marketability Studies(2013) SEMINAR(Al) -Developing a Supportable Workfile(2013) SEMINAR(Al) -Florida Appraisal Law(2014) SEMINAR(Al) -Liability Issues for Appraisers performing Litigation&Non-Lending Work(2014) COURSE(Al) -7 Hour National USPAP Update Course(2014) SEMINAR(Al) -Florida Law(2014) SEMINAR(Al) -New Real Estate Economy(2014) SEMINAR(Al) -Economic Engines of Miami-Date County(2015) SEMINAR(Al) -Economic Engines of Broward County(2015) SEMINAR(Al) -Tightening the Appraisal(2015) SEMINAR(Al) -Evaluating Commercial Construction(2015) SEMINAR(Al) -Drone Technology(2015) SEMINAR(Al) -Loss Prevention for Appraisers(2016) COURSE(Al) -7 Hour National USPAP Update(2016) SEMINAR(Al) -Florida Law(2016) SEMINAR(Al) -Redefining the Appraisal&Its Role in an Evolving Banking Environment(2016) SEMINAR(Al) -The Tough One,Mixed use properties(2016) SEMINAR(Al) -Business Practices&Ethics(2016) SEMINAR(Al) -Economic Engines Driving Broward County(2017) SEMINAR(Al) -Introduction to Green Buildings&passed exam(2017) SEMINAR(Al) -Another View of the Tough Ones(2017) SEMINAR(Al) -Appraising for the Office of Valuation Services,Department of the Interior(2017) SEMINAR(Al) -Case Studies in Appraising Green Residential Buildings&passed exam(2017) SEMINAR(Al) -Uniform Appraisal Standards for Federal Land Acquisitions&passed exam(2017) SEMINAR(Al) -Hot Topics&Myths in Appraiser Liability(2018) COURSE(Al) -7 Hour National USPAP Update(2018) SEMINAR(Al) -Florida Law(2018) SEMINAR(Al) -Parking&Its Impact on Florida Properties(2018) SEMINAR(Al) -What's New in Residential Construction(2018) SEMINAR(Al) -Valuation Resources for Solar Photovoltaic Systems(2018) H)PROFESSIONAL INVOLVEMENT Region X Representative of the Appraisal Institute 2006—2009 President of the South Florida Chapter of the Appraisal Institute-2003 First Vice-President of the South Florida Chapter of the Appraisal Institute-2002 Second Vice-President of the South Florida Chapter of the Appraisal Institute-2001 Secretary of the South Florida Chapter of the Appraisal Institute-2000 Treasurer of the South Florida Chapter of the Appraisal Institute-1999 Chair of the Education Committee of the S.Florida Chapter of the Appraisal Institute-1995,1996,1997,1998,2007-2018 Chair of the University Relations Committee of the South Florida Chapter of the Appraisal Institute-2006 Director of the South Florida Chapter of the Appraisal Institute 1996- 1998 Member of Region X(Florida)Ethics and Counseling Panel—Al Graduate of the Florida REALTORS Institute(GRI) Director of the Florida Association of REALTORS (FAR)-1981 Committee Member of the Florida Association of REALTORS,Education Committee 1980&1981 Chairman of the Education Committee of the Fort Lauderdale REALTORS- 1981 and 1982; Member 1978,1979, 1980 Member of the Long Range Planning and Awards Committees of the Fort Lauderdale REALTORS Instructor for the Investment Division of the Fort Lauderdale REALTORS 73 5 of 5 D PROFESSIONAL PUBLICATIONS&PRESENTATION Prepared and taught Mastering Real Estate Mathematics at the Fort Lauderdale Area Board of REALTORS Prepared and taught A Guide to Researching Real Estate Information in Broward County and Working Through the Basic Approaches to Market Value, Fort Lauderdale Area Board of REALTORS .n CIVIC INVOLVEMENT Member of the Navy League of the United States—Fort Lauderdale Council Lifetime Honorary Member-Florida Sheriff s Association Member of Zeta Tau Alpha Alumnae Fraternity 74 APPRAISAL REPORT SINGLE FAMILY RESIDENCE 115 NORTHEAST 4 AVENUE BOYNTON BEACH,FLORIDA 33435 by Vance Real Estate Service 7481 Northwest Fourth Street Plantation,Florida 33317-2204 for Boynton Beach Community Redevelopment Agency 710 North Federal Highway Boynton Beach, FL 33435 June 28, 2017 Vance Real Estate Service sf, June 28 2017 = t E t`,'ic'{{ti{cif{�i`°t {ittt`'{tistV� Boynton Beach Community Redevelopment Agency 710 North Federal Highway Boynton Beach, FL 33435 i i RE: Single family residence, 115 NE 4 Avenue, Boynton Beach, FL 33435 (Legal description is in the report) Ladies and Gentlemen: In fulfillment of our agreement, we transmit our Appraisal Report, in which we develop an opinion of market value for the fee simple estate in the referenced real property as of June 28, 2017. The report sets forth our value conclusion, along with data and reasoning supporting our opinion. This report was prepared for and our professional fee billed to Boynton Beach Community Redevelopment Agency. Our analyses have been prepared in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP 2016-2017). This report is for possible acquisition of the appraised property. ! Jesse B. Vance, Jr. and Claudia Vance visited the property. If you have questions or further needs, please contact the undersigned. As a result of our analyses, we have developed the following opinion of the market value of the appraised property, subject to definitions, certifications, and limiting conditions set forth in the attached report. ONE HUNDRED SEVENTY THOUSAND DOLLARS $170,000 I (THIS LETTER MUST REMAIN ATTACHED TO THE REPORT WTH SIXTY-EIGHT(68)NUMBERED PAGES FOR THE VALUE OPINION SET FORTH TO BE CONSIDERED VALID.) Respectfully submitted, Jesse B. Vance, Jr., MAI, SRA, ASA State-Certified General Real Estate Appraiser RZ-85 Claudia Vance, MAI State-Certified General Real Estate Appraiser RZ-173 MBA REAL ESTATE MANAGEMENT AND DEVELOPMENT 7481 Northwest 41h Street,Plantation,FL 33317-2204 954/583-2116 -- TABLE OF CONTENTS Pate Number Title Page i Letter of Transmittal ii Table of Contents iii INTRODUCTION P otograp s o Subject t eProperty 5 1-3-5 Mile Location Map 9 1-3-5 Mile Summary of Demographic Statistics 10 Summary of Important Facts and Conclusions 12 DESCRIPTIONS ANALYSES & CONCLUSIONS I entity of Client and Intended User 14 Intended Use 14 Identification of Real Estate Appraised 14 Ownership 14 Property Address and Legal Description 14 Real Estate Tax Analysis 15 Market Area Description 15 Zoning 20 Site Description 21 Building Description 21 Real Property Interest Appraised 23 Appraisal Purpose and Definition of Market Value 23 Effective Dates of the Appraisal and Report 24 Scope of the Work 24 Summary of Information Considered 25 Property History 25 Highest and Best Use 26 SALES COMPARISON APPROACH Improved Sales es Location Map 30 Improved Sales Documentation 31 Improved Sales Comparison & Adjustment Chart 37 Valuation by Sales Comparison 38 FINAL VALUE OPINION 42 Certification and Limiting Conditions 44 ADDENDA Acquiring deed 47 Building sketch 49 Copy of"R-2" Zoning Ordinance 50 USPAP Standards Rule 2-2a 58 Qualifications of the Appraisers 60 INTRODUCTION a µ Looking North @ Front of Subject Residence East Fenced Side of Subject Lot 7 75 a _ w4 9M�4 _ `i �� ` n Wig; `u' ,�`" - AIM North Fenced Side of Subject Lot West Fenced Side of Subject Lot Front Elevation showing Storm Shutters East Building Elevation Showing New Siding IF OF r As North Fenced Yard South Building Elevation with Extension PHOTOS OF THE APPRAISED PROPERTY 115 NE 4t"Avenue,Boynton Beach,Florida 5 wf� f�i3I { f ?�f�a Looldng South @ Building West Elevation Building Entry _ w zzC Living Area Enclosed Front Porch Area i p 5 � ti l�. .p{ � v 411 : One of two bathrooms Remodeled Kitchen htn 01 r q , § kill, t+ 2°d View of Kitchenibreakfast eating area Laundry Room ADDITIONAL SUBJECT PHOTOS 6 I z - l� `k Kl �k h f {{ I } One of two bedrooms 2ud Bedroom M �Vy C�.l �a 1,01,0\11 - s k5 ( 1 p a East Porch area used as bedroom 2ud Bathroom - ir<< d i ,. �.� .y tax t {} �•� � � r x� Iv ipY �I r� 4 IL— NE 4th Avenue Looking East NE 4th Avenue Looking West ADDITONAL PHOTOS OF THE SUBJECT AND ENVIRONS 7 l s 5 � 1 j 1S � I 44 s 4 t� 00 All �4 4 l > 4 it IM 'C'A At isl 7-ter tAt ;$Pi ,t{�i 41n S. a"`A�18;sa��caS�Ns "`;�`'' hrt�83sa�arsSN 44: ty 4%7 It -ii 41 Ll t@ t iil444S e iSSt`� IN 4 � n �i 4 �aLakevcsrth �j yak ,,, r'�� :�,b�k�a rda [srrtdcr Worth a Mel are g,CA LA arYtl3 rt ; Palm L an tanak RW � _. ;.... � 6i�� � �,�� `, Beach 1 �� S�a5ll�rolo ,I Manal span Manorantana � s' 5 ' luxo Rd �! Y uax.Rd Voltia€d. el p i rolinw Rd 14 MGot-Amy Blvd dk` 4 4 ' Ocean 01 Boynton Ram Fittf�e 9narah�wanton Iii ,rh 44 �.�...� yr [t.ec �ll Bo nin i l'1 tali Briny Breezes � # ,{ u L. i da F � ''G aIT m b+uaSr fi 1-I}ra ts R€oa Piet IA i� a High DeIcay } Villages Poi rit Beach s of Oriole I 80, 3 it STI tfaa4v Ave ! ; 'y ATA onto Ave —:i sl;'E. 7rr to Kinn T; tlrtll.i yi,' r Point u4 Itth 91 L„EIonBlvd �wJil� t -R Highland Beach 9 • Gesn" BBCRA 115 NE 4 Avenue VANCE REAL ESTATE SERVICE 115 NE 4th Ave, Boynton Beach, Florida, 33435 Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Population 2000 Population 13,790 70,315 159,246 2010 Population 13,664 79,195 177,860 2016 Population 15,200 85,542 188,060 2021 Population 16,483 91,262 198,784 2000-2010 Annual Rate -0.09% 1.20% 1.11% 2010-2016 Annual Rate 1.72% 1.24% 0.90% 2016-2021 Annual Rate 1.63% 1.30% 1.12% 2016 Male Population 48.9% 47.7% 47.8% 2016 Female Population 51.1% 52.3% 52.2% 2016 Median Age 39.7 43.9 46.4 In the identified area, the current year population is 188,060. In 2010, the Census count in the area was 177,860. The rate of change since 2010 was 0.90% annually.The five-year projection for the population in the area is 198,784 representing a change of 1.12% annually from 2016 to 2021. Currently, the population is 47.8% male and 52.2%female. Median Age The median age in this area is 39.7, compared to U.S. median age of 38.0. Race and!Ethnicity 2016 White Alone 41.7% 61.8% 66.2% 2016 Black Alone 51.6% 29.9% 25.1% 2016 American Indian/Alaska Native Alone 0.4% 0.3% 0.3% 2016 Asian Alone 0.9% 2.0% 2.3% 2016 Pacific Islander Alone 0.0% 0.0% 0.0% 2016 Other Race 3.1% 3.4% 3.6% 2016 Two or More Races 2.4% 2.6% 2.5% 2016 Hispanic Origin (Any Race) 13.0% 16.3% 16.9% Persons of Hispanic origin represent 16.9% of the population in the identified area compared to 17.9% of the U.S. population. Persons of Hispanic Origin may be of any race.The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 63.9 in the identified area, compared to 63.5 for the U.S. as a whole. Households 2000 Households 4,964 30,773 69,754 2010 Households 4,902 34,074 76,650 2016 Total Households 5,466 36,554 80,253 2021 Total Households 5,931 38,887 84,463 2000-2010 Annual Rate -0.13% 1.02% 0.95% 2010-2016 Annual Rate 1.76% 1.13% 0.74% 2016-2021 Annual Rate 1.65% 1.25% 1.03% 2016 Average Household Size 2.78 2.31 2.32 The household count in this area has changed from 76,650 in 2010 to 80,253 in the current year, a change of 0.74% annually. The five-year projection of households is 84,463, a change of 1.03% annually from the current year total. Average household size is currently 2.32, compared to 2.30 in the year 2010.The number of families in the current year is 46,374 in the specified area. Data Note:Income is expressed in current dollars Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography. June 26, 2017 10 • Gesn" BBCRA 115 NE 4 Avenue VANCE REAL ESTATE SERVICE 115 NE 4th Ave, Boynton Beach, Florida, 33435 Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Median Household Income 2016 Median Household Income $40,663 $46,278 $49,473 2021 Median Household Income $47,131 $53,280 $55,916 2016-2021 Annual Rate 3.00% 2.86% 2.48% Average Household Income 2016 Average Household Income $59,630 $66,068 $71,794 2021 Average Household Income $65,694 $72,697 $79,304 2016-2021 Annual Rate 1.96% 1.93% 2.01% Per Capita Income 2016 Per Capita Income $22,999 $28,930 $31,004 2021 Per Capita Income $25,376 $31,660 $34,037 2016-2021 Annual Rate 1.99% 1.82% 1.88% Households by Income Current median household income is$49,473 in the area, compared to $54,149 for all U.S. households. Median household income is projected to be $55,916 in five years, compared to $59,476 for all U.S. households Current average household income is$71,794 in this area, compared to $77,008 for all U.S. households. Average household income is projected to be $79,304 in five years, compared to $84,021 for all U.S. households Current per capita income is $31,004 in the area, compared to the U.S. per capita income of$29,472. The per capita income is projected to be $34,037 in five years, compared to $32,025 for all U.S. households Housing 2000 Total Housing Units 5,772 36,939 83,024 2000 Owner Occupied Housing Units 3,249 22,321 53,024 2000 Renter Occupied Housing Units 1,714 8,452 16,731 2000 Vacant Housing Units 809 6,166 13,269 2010 Total Housing Units 6,179 43,418 95,115 2010 Owner Occupied Housing Units 3,085 22,155 54,101 2010 Renter Occupied Housing Units 1,817 11,919 22,549 2010 Vacant Housing Units 1,277 9,344 18,465 2016 Total Housing Units 6,911 46,341 99,774 2016 Owner Occupied Housing Units 3,036 21,480 52,235 2016 Renter Occupied Housing Units 2,430 15,074 28,018 2016 Vacant Housing Units 1,445 9,787 19,521 2021 Total Housing Units 7,481 48,840 104,552 2021 Owner Occupied Housing Units 3,204 22,460 54,331 2021 Renter Occupied Housing Units 2,727 16,427 30,132 2021 Vacant Housing Units 1,550 9,953 20,089 Currently, 52.4% of the 99,774 housing units in the area are owner occupied; 28.1%, renter occupied; and 19.6% are vacant. Currently, in the U.S., 55.4% of the housing units in the area are owner occupied; 32.9% are renter occupied; and 11.7% are vacant. In 2010, there were 95,115 housing units in the area - 56.9% owner occupied, 23.7% renter occupied, and 19.4% vacant. The annual rate of change in housing units since 2010 is 2.15%. Median home value in the area is$191,075, compared to a median home value of$198,891 for the U.S. In five years, median value is projected to change by 3.13% annually to$222,902. Data Note:Income is expressed in current dollars Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography. June 26, 2017 11 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS PROPERTY APPRAISED: Single family residence 115 Northeast 4 Avenue Boynton Beach, FL 33435 OWNERSHIP: Valrie Brown McIntosh 115 Northeast 4 Avenue Boynton Beach, FL 33435 LAND AREA: 5,000 square feet IMPROVEMENTS: Single family residence containing 1,134 square feet of building area, constructed in 1930. There are three bedrooms and two bathrooms, and no enclosed car storage structure. ZONING: "R-2", Single and two-family residential district in the city of Boynton Beach APPRAISAL PURPOSE: To develop an opinion of market value INTEREST APPRAISED: Fee simple CURRENT USE: Single family residence HIGHEST AND BEST USE: As vacant: Single family residence As improved: Single family residence VALUE BY THE SALES COMPARISON APPROACH: ONE HUNDRED SEVENTY THOUSAND DOLLARS 170 000 VALUATION DATE: June 28, 2017 Exposure Time: 6 months prior to selling at the appraised value 12 DESCRIPTIONS, ANALYSES, CONCLUSIONS APPRAISAL REPORT This is an APPRAISAL REPORT that complies with Standard Rule 2-2(a) of the Uniform Standards of Professional Appraisal Practice (USPAP 2016 - 2017) 2-2(a)(i) State the identity of the client and any intended users, by name or type; The client and intended user of this report is the Boynton Beach Community Redevelopment Agency. 2-2(a)(ii) State the intended use of the appraisal; The intended use of the appraisal is for possible acquisition of the appraised property. Any other use is not intended. 2-2(a)(iii) Summarize information sufficient to identify the real involved in the appraisal, including the physical, legal and economic property characteristics relevant to the assignment; Owner: Valrie Brown McIntosh 115 Northeast 4 Avenue Boynton Beach, FL 33435 Property Address: 115 Northeast 4 Avenue Boynton Beach, FL 33435 Legal Description: East 50 feet of the south 100 feet of Lot 5, Block 3, SHEPARD ADDITION TO BOYNTON, Plat Book 2, page 59, Palm Beach County, FL Census Tract No. 61 14 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Real Estate Tax: Parcel Control Number: 08 43 45 2129 003 0052 Land Value: $12,613 Improvement Value: 61,246 Total Value: $73,859 Assessed Value: $44,665 Taxable Value: $19,665 Ad Valorem Tax: $ 429 Non Ad Valorem Tax: $ 270 Total Tax: $ 699 There is a homestead exemption on this property. Properties are assessed in arrears by the county property appraiser. The tax bill is issued in November and a 4% discount is given to a tax payer if the amount is paid in November. The discount diminishes until March, when the tax is due and payable. Market Area Description: Boundaries and Market Composition & Transportation Infrastructure The general market area is the City of Boynton Beach in eastern-central Palm Beach County. Population of the city is about 72,000 residents; land area of the municipality is about 16 square miles situated between Delray Beach on the south and Lake Worth on the north. The town was named for an early developer, Nathan Boynton, a former major in the Union Army in the Civil War. The city was founded in 1898 and incorporated in 1920. Most of the original buildings were destroyed in the hurricane of 1926, though a few remain. 15 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Others which were constructed in the early 1920's are still in use with repairs and replacements over the decades. Time and economic trends take a toll on properties; thus, in 1984 a redevelopment plan was adopted for the Community Redevelopment Area (CRA) in the city. It covers 1,650 acres in the central part of the municipality west of the Intracoastal Waterway. One of the districts in the CRA is the immediate subject market area known as the Heart of Boynton (HOB), containing 380 acres. This area is the historic, older part of the CRA, with the following boundaries: Boynton Beach Canal (C-16) on the north, Florida East Coast (FEC) Railroad on the east, Interstate 95 on the west, and jagged line a few blocks north of Boynton Beach Boulevard as the south boundary, at about NE 3 Avenue. Agriculture and farming had been important activities in past centuries in Boynton Beach. Commerce came to the area when Henry Flagler extended the Florida East Coast Railway from West Palm Beach to Miami in 1896. The railroad was the main mode of transportation to bring visitors and manufactured products to the city as well as transporting produce grown in the vicinity out of the area to other cities in the southeastern United States. Boynton Beach Boulevard is the principal east-west artery in the subject market area, having an interchange with Interstate 95 on the west side of the neighborhood. The boulevard continues west through Palm Beach County to its terminus at State Road 7/ U S Highway 441. Two miles east of State Road 7, it has an interchange with Florida's Turnpike. Boynton Beach Boulevard commences on the east at U S Highway 1, just to the east of the FEC Railroad. U S Highway 1 is the main north-south artery through eastern Palm Beach County and extends along the eastern seaboard of the United States. Seacrest Boulevard is a main north-south artery through the City of Boynton Beach and south into Delray Beach. Martin Luther King, Jr. Boulevard is an east-west thoroughfare through the Heart of Boynton. The immediate subject market area is easily accessible by main roads and Interstate 95. 16 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Property types in the Heart of Boynton are smaller commercial establishments along the main roads, light industrial close to the FEC Railroad, municipal facilities, single family residential, small multi-family dwellings, a few apartment buildings and places of worship. As mentioned, some structures date back to the 1920's, but most which are still usable were built in the mid-twentieth century. Municipal facilities in the immediate subject market area include parks, two elementary schools and a community center. Recent projects implemented in the Heart of Boynton are: • Seacrest Boulevard Streetscape • Carolyn Sims Center • Ocean Breeze West - 21 homes joint venture with Habitat for Humanity • Construction of single family residences on Martin Luther King, Jr. Boulevard Future projects are: • Revitalization of Martin Luther King, Jr. Boulevard and surroundings • Redevelopment of the Public Works site • Establishment of mixed use districts of residential and commercial • Expansion of light industrial near the FEC Railroad • Widening and extension of NW 11 Avenue, west of Seacrest Boulevard. Population Trends The demographic survey in the beginning of the report of 1, 3, and 5 mile radial circles from the appraised property shows the median household income for 2016 in the one-mile radius is $40,663, for three miles it is $46,278, and $49,473 for the five mile circle. All are lower than the median household income for Palm Beach County of $54,400, even though the east part of the circles includes the residents all the way to the Atlantic Ocean. 17 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) In the one-mile circle, population is 15,200. In three miles, population increases to 85,542; at five miles, it is 188,060. However, about one-third of the three and five mile circles are over the Atlantic Ocean. Annual growth rate is anticipated to be 1.12% to 1.63% in the three circles during the next five years as the economy and job market improves in South Florida, and new multi-family residential complexes are constructed. 52% of the housing units are owner occupied, with 28% rented. The percentage of renters is higher in this market because many of the single family houses are owned by investors who purchased them after the economic crash in 2008. Vacancy is reported to be 20%; however, this amount is high due to the undercount of the other two categories. Median home value in the five-mile area is $191,075, including the highly priced homes fronting the Atlantic Ocean and Intracoastal Waterway, compared to median home value of$198,891 in the United States. The life cycle stage of the market area is stability, a period of equilibrium without marked gains or losses, after a period of decline. The purpose of the Heart of Boynton Community Redevelopment Plan is to revitalize the market area with new housing options and business opportunities. There are examples of new houses along Martin Luther King, Jr. Boulevard, with more planned in the immediate vicinity. Economic Trends During 2005-2006, the subject market area was experiencing a rise in property prices due primarily to the availability of financing with adjustable rate mortgages. Interest rates adjusted upward, but rental rates of multi-family properties did not. For single family residences, interest rates on mortgages adjusted upward, but homeowners' incomes did not increase. Scenarios were the same for many property types, all with the same result of owners' inability to make the payments and mortgages foreclosed. This situation was exacerbated by the economic crash in late 2008, followed by the Great Recession. The foreclosure cycle appears to be near the end. Currently, sales are between individuals or investors who previously purchased the properties from foreclosing lenders and private parties who will reside in the properties or hold them in their investment portfolios. 18 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Third parry lenders are providing financing to investors and residents, at high loan to price ratios. Sale prices for single-family residences in the subject market area and close vicinity are in the range of $85,000 to $180,000, depending on building size, age and condition. Price range for multi-family dwellings are from about $50,000 to $100,000 per unit based on the same factors. Land unit prices are from about $4.00 to $7.00 per square foot. Family Dollar Store is an addition to the subject market area; it consists of an 8,100 square foot commercial building at the southeast corner of the signalized intersection of Martin Luther King, Jr. Boulevard and North Seacrest Boulevard. More revitalization in the CRA is taking place along US Highway 1, in the southern part of the corridor near Ocean Avenue and Boynton Beach Boulevard with projects such as 500 Ocean, with 341 residential units, 13,500 square feet of retail space and 6,000 square feet of office. Ocean One at 114 N Federal Highway is planned for 358 apartments, 12,075 square feet of retail, 120 hotel room and 439 parking spaces. Conclusion The immediate subject market area of the Heart of Boynton (HOB) has the components of an appealing neighborhood with schools, parks and recreation. HOB is easily accessible by main roads and Interstate 95. Goods and services are nearby on Boynton Beach Boulevard and U S Highway 1. With the involvement of the City of Boynton Beach and the Community Redevelopment Agency, Heart of Boynton Community Redevelopment Plan can continue to succeed in revitalizing the area. Land Use: Current land use is Medium Density Residential, maximum density 9.58 dwelling units per acre Recommended Land Use is High Density Residential, with a density of 11 dwelling units per acre in multi-story structures. Greater density increases the production of the land. 19 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Zoning: "R-2", Single and Two-family Residential District with the purpose to implement the medium density residential future land use map classification of the comprehensive plan. The intent of the district is to stabilize and protect existing residential neighborhoods with density no greater than 10 dwelling units per acre, and allow limited types of non-residential uses. Minimum lot area is 4,500 square feet per unit for a duplex; minimum lot frontage is 75 feet. However, there is a provision for a site with two lots platted prior to the enacting of the current zoning regulation to be improved with a duplex. Single family dwellings shall be constructed on lots that are no less than 6,000 square feet with a width of at least 60 feet and follow the building and site regulations of the "R-1", Single Family District. Excerpts from the zoning codes are in the Addenda. The appraised site is part of a lot from a plat that dates back to the 1920s, prior to the current code. The subject's size and width are sub-standard, most probably making it a legal non-conformity. Since the site was established prior to the current code, it most likely could be improved with a single family residence, following the regulations of the "R-1" district. However, determination of use and non- conformities of the site are made by Boynton Beach City officials. Parking: Two parking spaces are required for a single family residence. There is driveway covered with pavers on the east side of the site to accommodate two parking spaces. 20 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Site Description: The shape of the site is rectangular. Approximate dimensions and size are from public records. North boundary on adjacent property: 50.00 feet East boundary on adjacent property: 100.00 feet South boundary NE 4 Avenue: 50.00 feet West boundary on adjacent property: 100.00 feet Total: 5,000 square feet or 0.1148 of an acre Utilities: All utilities are available to the site. Access: The site is accessible via NE 4 Avenue, a two-laned, local road with streetlights, but no sidewalks. Easements: Easements are not noted on original plat. If they exist, utility easements would be most probably be around the perimeter of the lot. Encroachments: There is no sketch of survey to review to note if there are encroachments. Improvement Description: The appraised improvement is a one-story, single family residence containing 1,134 square feet of enclosed area, constructed in 1930. Building sketch is in the Addenda. The interior is divided into the following areas: living room, dining area, kitchen, three bedrooms, two bathrooms and laundry area. Originally, there were only two bedrooms and one bathroom. After the purchase of the property in 2013, the owner converted the front porch into a bedroom and the rear porch into the laundry area and bathroom. 21 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Modifications to the house after purchase included: • New central climate control system • Renovated bathrooms • Renovated kitchen with new cabinetry, counter top & appliances • New flooring in some area and refinished wood flooring in others • New site improvements including pavers, irrigation system, fencing & landscaping • Conversion of the front porch to a bedroom Estimated cost was $25,000. The refurbishing extended the useful life of the property. Construction details are: Historical Age: 87 years Condition: Good to average for its age Foundation: Stem wall over concrete footings Exterior Walls: Wood frame covered with vinyl siding Floors: Original wood refinished and laminate flooring Interior Walls: Wall board over wood Roof System: Gable covered with metal sheeting Windows: Aluminum awning windows with storm shutters HVAC: Central system Plumbing: Kitchen, two bathrooms and laundry area 22 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Site Improvements: Concrete paving and pavers for car storage, vinyl fence and gate, irrigation system, sod, shrubs and trees Environmental Assessment: No assessment was available for review. 2-2(a)(iv) State the real property interest appraised; A person who owns all the property rights is said to have fee simple title. A fee simple title implies absolute ownership unencumbered by any other interest or estate. Partial interests in real estate are created by selling, leasing, et cetera. Partial estates include leased fee and leasehold estates. The interest appraised is fee simple. 2-2(a)(v) State the type and definition of value and cite the source of the definition; The purpose of the appraisal is to develop an opinion of market value of the subject property as of June 28, 2017. MARKET VALUE: a type of value, stated as an opinion, that presumes the transfer of a property (i.e., a right of ownership or a bundle of such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable in an appraisal. The conditions included in market value definitions establish market perspectives for development of the opinion. These conditions may vary from definition to definition but generally fall into three categories: 1. the relationship,knowledge, and motivation of the parties(i.e.,seller and buyer); 2. the terms of sale(e.g.,cash,cash equivalent,or other terms);and 3. the conditions of sale(e.g., exposure in a competitive market for a reasonable time prior to sale). 23 APPRAISAL REPORT (continued) Market value appraisals are distinct from appraisals completed for other purposes because market value appraisals are based on a market perspective and on a normal or typical premise. These criteria are illustrated in the following definition of Market Value*, provided here only as an example. Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. buyer and seller are tvpically motivated 2. both parties are well informed or well advised and acting in what they consider their own best interests; 3. a reasonable time is allowed for exposure in the open market; 4. payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and S. the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. * This example definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform,Recovery, and Enforcement Act(FIRREA)of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Union Administration(NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994,and in the Interagency Appraisal and Evaluation Guidelines,dated December,2010. Florida Court Definition: "Market Value is the price that a seller willing, but not compelled to sell, and a buyer willing, but not compelled to buy, would agree to in fair negotiations with knowledge of all the facts." [Source: Fla. Power & LiFht Co., v. dlenniwl 518 So.2d 895 (Fla. 1987)] 2-2(a)(vi) State the effective date of the appraisal and the date of the report; A) Effective Date of the Appraisal: June 28, 2017 B) Date of the Report: June 28, 2017 2-2(a)(vii) Summarize the scope of work used to develop the appraisal; The appraisal problem is to develop an opinion of value of the property based on its highest and best use. The appraiser inspected the property and photographed it. A thorough investigation was made into the physical characteristics of the property that could affect its value. The market area was surveyed to determine its stage of the life cycle. Research was conducted to ascertain economic factors that might influence value. 24 APPRAISAL REPORT (continued) Data research consisted of collecting, confirming, and reporting improved sales. The process included searches and analyses, inspections and confirmations, and final reporting. The appraiser examined several sources of sales data, including the multiple listing service, Palm Beach County Appraiser's records, the public records, and data from the appraiser's plant. For Sales Comparison Approach, improved sales are compared to each other and to the property under appraisement to develop a final opinion of value. 2-2(a)(viii) Summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach, or income approach must be explained; The information analyzed and appraisal method used is detailed in the valuation section of the report. Further, the reasoning that supports the analyses, opinions, and conclusions is explained in the valuation section. The Cost Approach is not used because of the age of the improvement. The Income Approach is not employed because single family dwellings are purchased for shelter, not their income producing ability. Exclusion of these approaches to value still produces a creditable report. SR I-5 When the value opinion to be developed is market value, if such information is available in the normal course of business: a) analyze all agreements of sale, options, or listings of the subject property current as of the effective date of the appraisal; and There are no known agreements for sale, options or listings of the appraised property as of the effective date of the appraisal. b) analyze all sales of the subject property that occurred within the three (3) years prior to the effective date of the appraisal. There were no arm's length transactions of the appraised property in the past three years. It was acquired by the current owner in April, 2013 for $64,500 from LARANN, LLC. A copy of the deed is in the Addenda. After the purchase, the owner upgraded the property as previously described. 25 APPRAISAL REPORT (continued) 2-2(a)(ix) State the use of the real estate existing as of the date of value, and the use of the real estate or personal property reflected in the appraisal; The use of the real estate on the date of valuation is a single family residence, and it is this use which is reflected in the appraisal. No personal property is included in the valuation. 2-2(a)(x) When an opinion of highest and best use was developed by the appraiser, summarize the support and rationale for that opinion. HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Physically Possible as Vacant No soil or subsoil tests are available for review. However, the site has been supporting a residential structure since 1930. The land is level and filled to street grade. Land size is approximately 5,000 square feet and rectangular in shape. All utilities are available to the site. The site is accessible via NE 4 Avenue. Physical constraint to develop the site is its size which determines its legal conformity to the zoning code. Legally Permissible as Vacant Legal restrictions to the development of the site consist of land use designation, building and zoning codes, platting restrictions and restrictive covenants. Land use designation is medium density residential, maximum density of 9.58 dwelling units per acre. Zoning is "R-2", Single family and Two-family Residential District in the City of Boynton Beach. Maximum number of dwelling units per lot in "R-2" district is two if the lot size meets current code. The appraised site consists of part of one lot, with frontage of 50 feet and size of 5,000 square feet, both sub-standard to the current code. Most probably, the site could be improved as a legal non-conforming lot with one single family residence. However, Boynton Beach officials make the decisions as to how the site can be improved. The Boynton Beach CRA future land use plan for the appraised land and surrounding blocks is for High Density Residential of 11 dwelling units per acre. A land use change is required for the implementation of such a future plan. 26 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Financially Feasible as Vacant The third test of Highest and Best Use is economic feasibility. Demand for a certain property type must be evident for it to be feasible. For it to be financially feasible, the use must be marketable and provide the investor with a competitive return when compared with alternate uses. The immediate subject market area has been improved with single-family residences and small multi- family dwellings for almost 100 years. Residences come to the end of their economic lives, improvements are razed and the sites are redeveloped with modern structures. There are examples of this cycle throughout the subject market area. New redevelopment projects in the subject vicinity are Ocean Breeze West with 21 homes, Eastview Park with market rate houses ranging from $255,000 to $300,000 constructed by D R Horton, and four new houses on West Martin Luther King, Jr. Boulevard sold from $166,000 to $195,000. The four houses are the result of the work of the Boynton Beach CRA and Boynton Beach Faith-Based Community Development Corporation. Single family homeownership is encouraged to build the community with permanent residents rather than populate it with transient occupants. As mentioned, community organizations are constructing single family homes and selling them to people who will reside there. Financial assistance to the buyers is facilitating this plan. Financially feasible use of the subject site is to improve it with a single family residence with three bedrooms and two bathrooms to meet current expectations for a home. Such use is compatible with community redevelopment plans for the subject neighborhood. The most likely buyer of the site would be a community agency which would construct the single family residence then sell the land and house to an end-user. Time for this use is now with renewed interest in the subject market area and funds apparently available for redevelopment of the neighborhood. Maximally Productive as Vacant In summary, the Highest and Best Use of the property appraised as vacant is for a single family residence. Such use would be physically possible, probably legally permissible, financially feasible and maximally productive. 27 HIGHEST AND BEST USE OF THE PROPERTY AS IMPROVED Physically Possible Improved The improvement appraised is a single family residence constructed in 1930. It was upgraded after the purchase in 2013 to extend its useful life. If necessary or desired, demolition is physically possible. Legally Permissible Improved A single family residence appears to be legally permissible. There is sufficient space to have car storage for two vehicles. Financially Feasible Improved There is an active market for one dwelling residences in the central-eastern Boynton Beach market area in the price range of the appraised value. Exposure time to the market for these properties is short, typically a few months. A few sales are in cash; most are financed by third party lenders at high loan to price mortgages. The appraised property appears to be in average to good condition for its age. The modernizing which took place will prolong its useful life and enhance the comfort of residing in the house. Financial feasibility of the property as improved is to maintain it through repairs and modest upgrades to the end of its useful life. Maximally Productive Improved The maximally productive use of the property as improved is its current use as a single family residence, which use is physically possible, legally permissible, financially feasible, and maximally productive. 2-2(a)(xi) Clearly and Conspicuously: State all extraordinary assumptions and hypothetical conditions; and state that their use might have affected the assignment result. There are no extraordinary assumptions or hypothetical conditions in this report. 2-2(a)(xii) Include a signed certification in accordance with Standards Rule 2-3 See signed certification in report. 28 SALES COMPARISON APPROACH Subject & Improved Sale Locations r l7 z 1 Lr U m 1. '7t�n' S � z (m 2dTH A4fE NE L� Bo-NN EAv CIR�i� to f Est, � 1 E7 ,fl NE 17TH AWE ( l a z �'I, ++f LAKE ST a( 1771-P A Ur Pf4V.__-1 NE.17TH ALE N1e4!Y 6TH Cr F f� 16TH-,-NE-- 16TH{AVE NE —.h�� AN�TEE BAY OR zi E m f ....o rr yr N �. p z L z NE 14TH A LE l tr 1 :J —lam 1 8atm E]m cam£ � SHORE DR DR N 1 h IMPROVED SALE p ( �— £ ._ N1I1 13TH NE 13TH A AWE �t �N1N 12THAVE) FaT--,—NJI i N W 12TH AVE.�L z �o- -- � I''1 (_ j' IM ROVED SALE 9 ) —=z1 � 2i � f ji —a'ti _ j ( w; L- . M1PhRTFN LuEpIKI;YG A.LE— NE 4TH AVE i - =1 - - t -' Yl ... .. _ 1_( — I ~,I �, NE 8TH AVE NE+B_T11 AWE t 1 Nv!azrr k. n .,, �Jjt IN arH AVE 9FiVEL7 SALE 3 tNEsJVD SALE = a( NE77TH.AWE �ti y l� y it. NW 7TH AVE SI�_J � j NE 7TH AVE it LA_ NE fiTH AVE_ NE_5TH AVEi L sj �T 1(.. S�IINE 6TH AVE 99W PROVED SALE 4... N W z STH AVE _��------------ y `�t_SNE SThIAVE L. ( W 4T- YE y,{--N .A ]LNE RTH AVE � � � NE 4TH AVE 3Ft�AJ it n _ T E. . __- am4 ,,orN ---,,,„LVD C r EST AVE ��,_.NE 1ST AVE -I ....—._1 _ II W O€'EAN ALrI E 6C64N A'l1E �I SW,1 .�I '-” N m._�S 5T AVEC _S_T AVE p 1 � l Beach m---� /sW 2111 � ��� SE'-AVE p - $i SE 4THiAVE —er� pti (— i� ;Ii cn SW 4TF AVE � ttt .=AWE— _� �4r Data use subject to license. ft Cdd DeLorrne.DeLorme Street Atlas DSA0 2009. 0 400 800 1200 1600 2000 vwa+W.delorme.com MN(6.6°VV) Data Zoom 14-0 30 t r tci� r »w Improved Sale No. 1 @ 510 NW 9 Avenue Improved Sale No.2 @ 233 NW 5 Court - t i lr i �r ,si Improved Sale No.3 @ 215 NW 6 Avenue Improved Sale No.4 @ 614 NW 5th Street r r i -: .A � ftSE P ".''' ,v)c3,,xl syi ir, a Improved Sale NO. 5 @ 339 NE 11th Avenue PHOTOS OF THE IMPROVED SALES 31 IMPROVED SALE SALE NO. 1 LEGAL DESCRIPTION East 17 feet of Lot 74, Lot 75 and west 10 feet of Lot 76, CHERRY HILLS, Plat Book 4 page 58, Palm Beach County, FL RECORDED O.R. Book 29055,Page 1475 GRANTOR Waldemar Fedorowicz, et al GRANTEE Tiffany Frederick, et al DATE OF SALE April 26,2017 LOCATION 510 NW 9 Avenue Boynton Beach ZONING "R-IA", Single family residential SALE PRICE $154,000 PROPERTY DESCRIPTION One-story single residence containing 1,160 square feet constructed in 1958. Three bedrooms and two bathrooms. No car storage structure. Land size is 6,230 square feet. UNITS OF COMPARISON $132.76 per square foot of building, including land 5.37:1 Land to Building Ratio PARCEL CONTROL NUMBER 08 43 45 21 14 000 0741 CONDITIONS OF SALE Financing provided by Peoples Home Equity Inc. in the amount of$150,228 at the market rate of interest. Financing did not have a significant effect on the price paid. Arm's length transaction. CONFIRMATION Tiffany Frederick, grantee COMMENTS Older house with some upgrades. Single carport and rear patio enclosed for living space. Prior sale in August, 2014 for $137,000. 32 IMPROVED SALE SALE NO. 2 LEGAL DESCRIPTION Lot 115, Block "B", BOYNTON HII,LS, Plat Book 4, page 51,Palm Beach County,FL RECORDED O.R. Book 28998,Page 758 GRANTOR SB TRS LLC GRANTEE Angenette Wright DATE OF SALE March 31,2017 LOCATION 233 NW 5 Court Boynton Beach ZONING "R-IA", Single family residential SALE PRICE $156,000 PROPERTY DESCRIPTION One-story single unit residence containing 1,274 square feet constructed in 1957. Three bedrooms and two bathrooms. No car storage structure. Land size is 7,325 square feet. UNITS OF COMPARISON $122.45 per square foot of building, including land 5.45:1 Land to Building Ratio PARCEL CONTROL NUMBER 08 43 45 2107 002 1150 CONDITIONS OF SALE Financing provided by Freedom Mortgage in the amount of $153,174 at the market rate of interest. Financing did not have a significant effect on the price paid. Arm's length transaction. CONFIRMATION Angenette Wright, grantee COMMENTS There is a covered front porch. Older house with some upgrades. The property has had a number of prior transactions by investor in the market. Most recent prior sale in November,2014 for$130,000. 33 IMPROVED SALE SALE NO. 3 LEGAL DESCRIPTION Lots 111 and 112, Block "C", BOYNTON HII,LS, Plat Book 4,page 51,Palm Beach County,FL RECORDED O.R. Book 28860,Page 1065 GRANTOR Michael Thacker, et al GRANTEE Nornoc LLC DATE OF SALE January 26,2017 LOCATION 215 NW 6 Avenue Boynton Beach ZONING "R-IA", Single family residential SALE PRICE $155,000 PROPERTY DESCRIPTION One-story single unit residence containing 1,190 square feet constructed in 1950. Three bedrooms and two bathrooms. No car storage structure. Land size is 11,247 square feet. UNITS OF COMPARISON $130.25 per square foot of building, including land 9.45:1 Land to Building Ratio PARCEL CONTROL NUMBER 08 43 45 2107 003 1110 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMATION Michael Thacker, grantor COMMENTS Older house with some upgrades. Prior sale in July, 2016 for $105,000. Certificate of title transfer in August, 2015 for $80,100. 34 IMPROVED SALE SALE NO. 4 LEGAL DESCRIPTION Lot 11, RIDGEWOOD MANOR, Plat Book 24 page 175, Palm Beach County,FL RECORDED O.R. Book 29029,Page 1007 GRANTOR Edoris Maddox GRANTEE Fenique Paraison, et al DATE OF SALE April 13,2017 LOCATION 614 NW 5 Street Boynton Beach ZONING "R-IA", Single family residential SALE PRICE $173,000 PROPERTY DESCRIPTION One-story single residence containing 1,217 square feet constructed in 1957. Three bedrooms and two bathrooms. Single carport. Land size is 10,481 square feet. UNITS OF COMPARISON $142.15 per square foot of building, including land 8.61:1 Land to Building Ratio PARCEL CONTROL NUMBER 08 43 45 21 13 000 0110 CONDITIONS OF SALE Financing provided by Primary Residential Mortgage in the amount of$169,866 at the market rate of interest. Financing did not have a significant effect on the price paid. Arm's length transaction. CONFIRMATION Mark Loterstein, attorney for grantee COMMENTS Upgraded, older house with new air condition system, storm impact windows,new flooring, et cetera. 35 IMPROVED SALE SALE NO. 5 LEGAL DESCRIPTION Lot 1 and part of the abandoned alley lying adjacent to Lot 1, Block 1, MEEKS & ANDREWS ADDITION, Plat Book 5 page 84,Palm Beach County,FL RECORDED O.R. Book 28966,Page 1447 GRANTOR Rodney Parker GRANTEE Louis-Charles Ulrick, et al DATE OF SALE March 21,2017 LOCATION 339 NE 11 Avenue Boynton Beach ZONING "R-2", Single and two-family residential district SALE PRICE $175,000 PROPERTY DESCRIPTION One-story single residence containing 1,247 square feet constructed in 2003. Three bedrooms and two bathrooms. Single car garage. Land size is 7,558 square feet. UNITS OF COMPARISON $140.34 per square foot of building, including land 6.06:1 Land to Building Ratio PARCEL CONTROL NUMBER 08 43 45 2122 0010010 CONDITIONS OF SALE Financing provided by Absolute Home Mortgage Corp in the amount of$171,830 at the market rate of interest. Financing did not have a significant effect on the price paid. Arm's length transaction. CONFIRMATION Rodney Parker, grantor COMMENTS More recently constructed house with a garage. Prior sale in September, 2003 for $142,000. Newer structure, but no recent interior improvements. 36 ^� E0 0 � o � C) C) Woo oo 00 C)or om foo s. 4 = , m � o ,Nn acvoi °' � o o o o .00 00 00 ct � o U W � w ci ci o ci o A h on C' � C� o CC M It It Vr o It M C) oc o cr It N 0C)1 W � W C/1 p C) C) o o o 0 0 Qj a t = = j po F" v d' CQ UA d' CQ � CQ d' CgUd' y Z A SALES COMPARISON APPROACH OVERVIEW In the Sales Comparison Approach, the appraiser compares the appraised property to sales of similar properties. This approach to value simulates the actions and attitudes of typical buyers and sellers in the market. The approach is based on the Principle of Substitution that affirms the maximum value of a property is set by the cost of acquisition of an equally desirable and valuable substitute property, assuming no costly delays in making the substitution. The steps of this approach are: 1) Collect information of recent sales of properties most similar to the property being appraised. 2) Verify the sales information from the best available sources. 3) Select relevant units of comparison and develop a comparative analysis for each unit. 4) Adjust the sales to the subject using the significant,market-derived units of comparison. 5) Reconcile value indications from the comparisons into a value opinion by this approach. For the value opinion by this approach to be meaningful, there must be an adequate number of sales of similar properties for comparison to the subject. Data acquired in the Sales Comparison Approach such as rental amounts, vacancy factors, and expense ratios, are used in the Income Approach. A reliable Sales Comparison Approach sets a strong foundation for the entire value process. The property appraised is a single family residence at 115 NE 4 Avenue, Boynton Beach, containing 1,134 square feet of enclosed area, constructed in 1930 and refurbished after 2013. Land size is 5,000 square feet; zoning is "R-2", Single and Two-family residential district. A search was made for recent sales of single family residences in central-eastern Boynton Beach. Of transactions reviewed, the five cited in this report provide an overview of this market. Details of the transfers are on the sale sheets and comparison chart. UNITS OF COMPARISON Units of comparison are components into which a property may be divided for comparison. The purpose of using units of comparison is to relate sales of similar properties to the property being appraised on the basis of significant measures such as price per square foot, price per cubic foot, et cetera. The appropriate units of comparison come from the market. For the property appraised and the comparable sales, the pertinent unit of comparison is sale price per square foot of building, including land. Continued 38 SALES COMPARISON APPROACH (Continued) ELEMENTS OF COMPARISON Elements of comparison are the characteristics ofproperties and transactions that cause the prices paid for real estate to vary. The Appraisal of Real Estate continues by stating that there are ten basic elements of comparison that should be considered in sales comparison analysis. The first group is termed transactional elements being: real property rights conveyed, financing terms, conditions of sale, expenditures made immediately after purchase and market conditions. The second group is property elements consisting of location,physical characteristics, economic characteristics, use, and non-realty components ofvalue. Each is hereafter addressed. Real Property Rights Conveyed A transaction price is always predicated on the real property interest conveyed. Property interests conveyed can either be fee simple (without tenants) or leased fee (subject to leases). An adjustment for property rights conveyed is based on whether a leased fee interest was sold with leases at,below, or above market rent. When a property is sold without leases, its value is normally based on the market rent that it can command and the financing that could be obtained. The property interest conveyed for the improved sales is fee simple, the same interest appraised for the subject. No numerical adjustment is warranted for this element of comparison. Financing Terms Financing terms may have a bearing on the price paid for a property. Such terms that may affect price include assuming a mortgage at lower than current interest rates, the seller paying a buydown for the buyer to have a lower interest rate, or the seller providing financing for a transaction at lower than typical institutional rates. In all of these cases, the buyer could have paid higher prices in such transactions to obtain favorable financing. The reverse is also a possibility in which lower sale prices result from above market financing. If financing affected the price paid, a cash equivalency adjustment is warranted. The availability of third parry financing is apparent with the buyers of Improved Sales 1, 2, 4 and 5 giving mortgages at a 98% loan to price ratio. Such financing is facilitating an active market for single family residences. Only Improved Sale 3 was a cash transaction, which had previously been the norm. The unit prices are similar for the two methods of purchase, suggesting the financing did not affect the price, but rather made it possible since most buyers do not have enough money for a cash purchase. No adjustment is made for this element of comparison. Conditions of Sale Condition of sale addresses the motivation of buyers and sellers. Such motivations include a seller accepting a lower than market price for needed cash, a lender selling a previously foreclosed property to comply with regulations imposed on the institution, or a buyer purchasing an adjacent property. Even arm's length transactions may be the result of atypical motivation, such as lack of exposure time to the market,the result of an eminent domain proceeding, or tax consideration. (Continued) 39 SALES COMPARISON APPROACH (Continued) None of the sales were distressed situations or resales by lenders after the foreclosure of mortgages which financed prior transactions. All of the sale properties were exposed to the open market for reasonable periods of time. Conditions of sale for the comparable properties were typical for the market; hence,no adjustments made. Expenditures Made Immediately After Purchase No major expenditures were made to the sales immediately after purchase. Market Conditions Comparable sales that occurred under different market conditions than those applicable to the subject on the effective date of the value estimate require adjustment for any differences that affect their value. The most common adjustment for market condition is time; however, the passage of time itself is not the cause of the adjustment. Market conditions which change over time are the reason to make the adjustment, such as appreciation or depreciation due to building inventory, changes in tax laws, investor's criteria, building moratoriums, fluctuation in supply and demand, et cetera. It is also possible that there is no change in market condition over time. All of the sales occurred in 2017, during a period when market conditions are similar to those prevalent at the time of valuation. No adjustment is necessary for this element of comparison. Transactional adjustments were considered,but none made. Now,the improved sales are compared to the subject and to each other for the remaining property elements of comparison for possible adjustments. Location The location of a property is a key factor in prompting a buyer to purchase it. Location encompasses many aspects such as road frontage, access, proximity to other competing properties, proximity to a market that will use the goods and services housed in a property, governmental influences, et cetera. Typically, properties in a neighborhood share some of the same location characteristics such as age, condition, and style. However, there may be differences such as comer location, view, and zoning, to name a few. Properties of a similar type may be in different locations, yet the locations may share enough similarities to justify comparison. Factors of similarity between locations include average daily traffic counts,zoning and/or land use, and market composition. (Continued) 40 SALES COMPARISON APPROACH (Continued) The improved sales and appraised property are in the central section of the city of Boynton Beach. Zoning district for Improved Sale 5 and the appraised property is "R-2", permitting single and two- family residential; however,the small site sizes would only permit single family use. Consequently, zoning does not have a significant effect on price. There are some locational differences among the sales and subject; however,they are not noteworthy enough to warrant adjustment. Physical Characteristics Physical characteristics to be considered for adjustments are those that cause a difference in price to be paid by the market. A wide range of such items includes property type, building size, land size, land to building ratio, amount of parking,year of construction, current property condition, functional utility, market appeal, complete build-out of interior space, et cetera. Adjustments for physical characteristics are best derived from the market by paired sales comparison. The value added or lost by the presence or absence of a differing item in a comparable property does not usually equal the cost of installing or removing the item. Through the process of searching for comparable sales, the physical characteristics are of great import. From the universe of possible comparable sales, those that are most similar to the property appraised are presented in the report for analysis and comparison to the subject. The lesser the number of physical differences,the better. The unadjusted range of prices for the improved sales is from $154,000 to $175,000. The most significant physical characteristic affecting the price of the property is the condition of the improvement as to its recent upgrades. Date of construction for of the appraised property is 1930; however,the owner extensively modernized it as previously listed in the report at a conservative cost estimate of$25,000. Improved Sales 1, 2, 3, and 4 have dates of construction in the 1950s; No. 5 is the most recent in 2003. The grantor of No. 1 made some improvements to the property,but reportedly not to the extent of the subject. To account for the difference, Improved Sale 1 is adjusted upward $20,000 to an adjusted price of$174,000. The building size of No. 1 is slightly larger than the appraised house, and the lot is larger. Improved Sale 2 has been maintained over the years,but has had minor upgrades. It is inferior to the subject and adjusted upward by $25,000 for an adjusted price of$181,000. Both the building and land size of No. 2 are larger than the property in question. The comparisons for No. 3 to the subject are similar to those of Improved Sale 2. No. 3 is adjusted upward by$25,000 for an adjusted price of$180,000. The seller of No. 4 modernized the house prior to sale. Its condition is equal to the subject, with no adjustment made. The building and land size of Sale 4 are greater than the property concerned. Improved Sale 5 is the most recently constructed house, but has not been upgraded since then. For this reason, it is adjusted upward $15,000 to an adjusted price of$190,000. No. 5 has a larger house and lot than the subject's. (Continued) 41 SALES COMPARISON APPROACH (Continued) The adjusted unit price range is from $142.07 to $152.37 per square foot of building including land. The condition of the appraised property would put its unit value in the upper end of the range; however, its smaller building and land size bring its unit value back to the middle of the range. The most representative unit value for the appraised property is $150.00 per square foot of building including land. Economic Characteristics Economic characteristics of a property include its rental rate, occupancy rate, and expenses; which are the building blocks for the gross income multiplier and overall capitalization rate. Single family residences are not typically purchased based on their economic characteristics. They are sometimes rented,but the income they can produce is not a determining factor in their transfer. This element of comparison carries little weight in this sales analysis. Use For properties to be comparable, they should have similar Highest and Best Uses. All of the improved sales cited in this report and the subject have the same Highest and Best Use as single family residences,with no adjustment necessary. Non-Realty Components of Value Non-realty components of value include personalty, business concerns, or other items that do not constitute real property but are included in the sale price of either the comparable or the subject property. These components should be analyzed separately from the realty. There were no non-realty components of value to consider for the property appraised. FINAL VALUE OPINION The unit of comparison most relevant for the property appraised is the sale price per square foot of enclosed building including land. The element of comparison which most affects price in the subject market is condition of the property and degree of modernization. The sales are adjusted to the subject for this element of comparison with an adjusted unit price range of$142.07 to $152.37 per square foot of building including land. Considering the foregoing discussion, the unit value for the appraised property is in the mid-range of the adjusted sales unit range at $150.00 per square foot of building including land. (Continued) 42 SALES COMPARISON APPROACH (Continued) The quantity of the comparable data is sufficient to have an overview of the market for smaller single family residential properties in the central-eastern Boynton Beach. The quality of the data is good in that it provides a sound basis to develop an opinion of value for the property under appraisement. Based on the analysis and conclusions presented within the report, it is our opinion that the Market Value of the Fee Simple Estate of the Subject Property as of June 28,2017 is as follows. 1,134 square feet x $150.00 per square foot= (rounded to) $170,000 FINAL VALUE BY THE SALES COMPARISON APPROACH: ONE HUNDRED SEVENTY THOUSAND DOLLARS 43 CERTIFICATION I certify that, to the best of my knowledge and belief,the statements contained in this report are true and correct. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal,unbiased professional analyses, opinions, and conclusions. I have no present or prospective interest in the property that is the subject of this report, and I have no bias or personal interest with the parties involved. The appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. My compensation is not contingent on an action or event resulting from the analyses, opinions, or conclusions in, or the use of, this report. I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. The analyses, opinions and conclusions were also developed and the report prepared in conformity with the Uniform Standards of Professional Appraisal Practice, which is included in the Appraisal Institute's Standards, and Chapter 475,Part 11 F.S. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. The use of this report is (also) subject to the requirements of the State of Florida relating to review by the Florida Real Estate Appraisal Board. I have visited the property that is the subject of this report on June 23,2017. Jesse B. Vance, Jr. and Claudia Vance are responsible for the analyses, conclusions and opinions concerning real estate set forth in this report. No one else has provided significant professional service to the persons signing this report. The Appraisal Institute and the American Society of Appraisers each conduct programs of continuing education for their designated members. As of the date of this report, Jesse B. Vance, Jr. and Claudia Vance have completed the requirements of the continuing education program of the Appraisal Institute. Continuing educational requirements are also completed for the American Society of Appraisers and the State of Florida. June 28,2017 Jesse B. Vance, Jr., MAI, SRA, ASA Florida State-Certified General Real Estate Appraiser No. RZ-85 &n���e June 28,2017 Claudia Vance,MAI Florida State-Certified General Real Estate Appraiser No.RZ-173 44 CERTIFICATION AND LIMITING CONDITIONS The statements and conclusions contained in this report,subject to the limiting conditions hereafter cited,are correct to the best of the writers'knowledge. 1. The undersigned have personally visited the subject of this report. No pertinent information has been knowingly withheld. 2. Unless specifically included,the subject is analyzed as though free and clear of liens and encumbrances. 3. No responsibility is assumed for legal matters,nor is an opinion of title rendered. Title is assumed to be good and held in Fee Simple. 4. Legal descriptions and property dimensions have been furnished by others;no responsibility for their correctness is assumed. Sketches which may be in the report are for illustrative purposes only. 5. Possession of any copy of this report does not carry with it the right of publication,duplication,or advertising using the writers' names or professional designations or membership organizations. 6. The writers are not required to testify without prior agreement. 7. Neither the employment to make this appraisal nor compensation therefore is contingent on the value reported. 8. Improvements,if any,are those noted and reported on the date of inspection. 9. The value or values estimated apply ONLY as of the date of valuation stated within the report. 10. The writers certify that they have no present,past or contemplated interest in the subject of this report. 11. This report is the property of the indicated client. It may not be used by any other party for any purpose not consistent with the written function of this report without the express written consent of the writers AND client. 12. The reported analyses,opinions and conclusions were developed,and this report has been prepared,in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Practice and Conduct of the Appraisal Institute. The work also conforms to the Uniform Standards of Professional Appraisal Practice. 13. The existence of potentially hazardous material used in the construction or maintenance of buildings,such as the presence of urea formaldehyde foam insulation,and/or existence of toxic waste,which may or may not be present on the property,has not been considered. Additionally,soil or sub-soil contamination may exist from current or prior users,or users outside the property concerned. The appraisers are not qualified to detect such substances. We urge the client to retain an expert in this field if desired. 14. The appraisers have not been provided a Habitat Survey,Endangered Species Survey,or analysis by a qualified environmental specialist indicating the presence of or proximity to environmentally sensitive and/or protected land or species which could affect the use,and possibly,value of the appraised property. The appraisers are not qualified to identify these factors. We recommend that an expert be hired where there may be reasonable cause to expect the presence of any of the cited elements. 15. Jesse B.Vance,Jr.and Claudia Vance were responsible for the analyses,conclusions,and opinions of real estate set forth in this report. (No one else provided significant professional assistance to the report signers). 16. The Americans with Disabilities Act(ADA)became effective January 26,1992. We have not made a specific compliance survey and analysis of this property to determine whether or not it is in conformity with the various detailed requirements of the ADA. It is possible that a compliance survey of the property would reveal that the property is not in compliance with one or more of the requirements of the act,which could reduce property value. 17. Prospective value estimates are based on current conditions and trends. The appraisers cannot be held responsible for unforeseeable events that might alter market conditions upon which market value has been estimated. 18. The appraisers certify that they have the knowledge and experience required to perform this appraisal assignment. 19. The appraiser reserves the right to amend or change this report at any time additional market information is obtained which would significantly affect the value opinion. Jesse B.Vance,Jr.,MAI,SRA,ASA State-Certified General Real Estate Appraiser No.RZ 85 June 28,2017 Claudia Vance,MAI State-Certified General Real Estate Appraiser No.RZ 173 June 28,2017 45 ADDENDA ir��ra�r�rrr�rrwi CFN 20130155158 OR BK 25924 PG 1862 RETURN TO: RECORDED 04/04/2013 13:51:04 PREPARED BY: Palo Beach County, Florida ART 64,500.00 Stev L.Craig,Esquire Doc Stamp 451.50 ;kTitle of Florida, Inc. Sharon R. Bock,CLERK i COMPTROLLER 45A Blvd,Ste. 304B Pgo 1862 - 1863; (2pga) Pale , 12h Gardens, FL 33418 FiT �1 0 Propert*raisers Parcel No.: 08-43-45-21-29-003-0052 (Space Above This Line for Recording Data) Q� WARRANTY DEED o ' THIS WA DEED made and executed the day of 2013, by LARANN,LLC,a Flo ' mited liability company,hereinafter called the grantor,to VALRIE BROWN- McINTOSH,a single p whose post office address is as follows: 1 castle Pines Road,Boynton Beach,FL 33437 hereinafter called the grantee: (Wherever used herein the term tor"and"grantee"include all the parties to this instrument and the heirs, legal representatives and asf individuals,and the successors and assigns of corporations) WITNESSETH: That the grant U and in consideration of the sum of$10.00 and other valuable considerations, receipt whereof is here owledged, hereby grants, bargains, sells, aliens, remises, releases, conveys, and confirms unto the an all that certain land situate in PALM BEACH County, Florida,viz: The East 50 feet of the South 100 feet of Lot 5, Block 3, SHEPARD ADDTION TO BOYTON,according to the plat thereof on file in the Office of the Clerk of the Circuit Court in and for Palm Beach County,Florida,recorded in Plat Book 2,Page 59; said lands situate,lying and being in Palm Beach County,Florida. TOGETHER with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. SUBJECT TO restrictions,reservations,covenants,and easements of record, if applicable. F:\WORDDOC\Mae\Closing Docs\4600 files\4612\M-WD-Corp to Ldoc 1 47 Book25924/Page1862 Page 1 of 2 TO HAVE AND TO HOLD,the same in fee simple forever. AND the grantor hereby covenants with said grantee that it is lawfully seized of said land in fee sim •that the grantor has good right and lawful authority to sell and convey said land;that the grantor hereby ants the title to said land and will defend the same against the lawful claims of all persons wl ever;and that said land is free ofall encumbrances,except taxes accruing subsequent to December 31, 201 ( `dN ITNESS WHEREOF,the said grantor has signed and sealed these presents the day and year first abo en. Signed,sealIttd delivered in our presence: O� LARANN,LLC, a Florida limlj liability company (SEM By: FINKELSTEIN,Managing Member � Address: O rs tness Signalure Aol C (Printed Name S and W e (Printed Na STATE OF FLORIDA `= COUNTY OF PALM BEACH § The foregoing instrument was acknowledged before me this 1 day of 0—,2013, by LARRY FINKELSTEIN, as Managing Member for LARANN, LLC, a F ori a limited liability company, who has produced identification as referenced below. LARRY FINKELSTEIN Identification: WITNESS MY HAND AND OFFICIAL SEAL OF OFFICE tpRY PU"k+ C llM SEYBM # * MYCOMMISSIMIEE 2M Notary Public EXPIRES:June 20,2018 printed Na e• � f C3-'L" +– My Commission expires: FAWORDDOC\Mae\Closing Docs\4600 fi1es\4612\M-WD-Corp to Ldoc 2 48 Book25924/Pagel863 Page 2 of 2 - - Homeftad Exemption CFA,OS Palm Beach Cgunty Prop"AWaiser � I Owner Name: BROWN MCINTOSH VALRIE Marcel Control Number: 48-43-4S-21-29-043-4452 Location Address: 115 NE 4TH AVE f Structural Element Sketch for Building 1 for Building 1 to Exterior VINLY/ALUM/CION 1' Wall 1 SIDING 1, B' 2, Year Built 1934144 Air 3. Condition HTG&AC y ' Desc. 22 Heat FORCED AIR 4" Type DUCT S. Beat Fuel ELECTRIC 6. Bed 3 Rooms 7. Full Baths 2 t Half S. Baths 4 Exterior ' Wl'`all2 N/� tri 14, Roof GABLE/HIP Structure Roof 11. Cover MINIMUM l9901d 1 Interior WALL BD./ 12. Wall 1 WOOD Interior 13. Walt 2 N/A Floor 14. Type 1 WOOD FINE/SOFT t Floor 15. Type 2 N/A 1 . Stories 1 i Subarea and Sq. 30 Footage for Building 1 Code Description Sq' Footage BAS BASE,AREA 990 SFB SEMI FINISHED 144 BASE AREA. Total square 1134 Footage i Total Area tinder 1 134 Air: ( Extra Feature I Description Year Built Units No Extra.Feature Available Land Details Land Line Description Zoning Units Acres 49 http://www.co.palm-beach.fl..us/papalAsps/PropertyDetail0 tructuraiDetail.aspx?entity_id... E. R-2 Single and Two-family Residential District. 1. General. The purpose of the R-2 zoning district is to implement the medium density residential (MeDR) future land use map (FLUM)classification of the Comprehensive Plan. The intent of this conventional district is to stabilize and protect existing residential neighborhoods with densities no greater than ten(10)dwelling units per acre, and allowing limited types of non- residential uses. 2. Use(s) Allowed. See "Use Matrix Table 3-28" in Chapter 3,Article IV, Section 3.D. 3. Building and Site Regulations (Table 3-9). Existing and/or planned single-family homes shall conform to the R-1 district requirements; however, for duplex homes, the following lot and building requirements shall be observed: BUILDING/SITE REGULATIONS R-2 District Minimum lot area(per unit): 4,500 s.f.1 Minimum lot frontage: 75 feet Minimum yard setbacks: Front: 25 feet2 Rear: 25 feet3 Interior side: 10 feet2 Corner side: 25 feet 2,3 Minimum living area: 750 s.f. Maximum lot coverage: 40% Maximum Floor Ratio Area (FAR) 0.104 Maximum structure height: 25 feet 1 Single-family dwellings shall be constructed on lots that are no less than six thousand(6,000)square feet. 2 Pursuant to Section 8.B.below,parcels that have frontage on Martin Luther King Jr.Boulevard and are located within the Martin Luther King Boulevard Overlay Zone shall have front,side interior,and side corner setbacks in accordance with the mixed use-low intensity 1 zoning district(see Section 6.11.below). 3 On corner lots,the side setback adjacent to the street shall be not less than one-half(1/2)the front yard setback. However,where orientation of adjacent lots on both street frontages provide typical front yard setbacks,the comer lot shall provide for front yard setbacks along both streets. when two(2)front yard setbacks are provided for on a corner lot,no rear yard setback shall be required,only side yard setbacks shall be imposed. 4 A floor area ratio(FAR)up to 0.10 maybe considered for non-residential uses allowed within the R-2 district (see "Use Matrix"—Chapter 3,Article IV, Section 3),pursuant to the medium density residential land use category of the Comprehensive Plan. 5 Not to exceed two(2)stories. 50 D. R-1 Single-family Residential District. 1. General. The purpose of the R-1 zoning district is to implement the moderate density residential (MoDR) future land use map (FLUM) classification of the Comprehensive Plan. The intent of this conventional district is to encourage single-family dwellings and structures at densities no greater than seven and one-half(7.5) dwelling units per acre, and allowing limited types of non-residential uses. 2. Use(s) Allowed. See "Use Matrix Table 3-28" in Chapter 3, Article IV, Section 3.1). 3. Building and Site Regulations (Table 3-8). The following lot and setback requirements shall be observed: BUILDING/SITE REGULATIONS R-1 District Minimum lot area: a 6,000 s.f. Minimum lot frontage: 60 feet Front: 25 feet Rear: 20 feet Special rear yard setback reduction for single-story building additions:I Abutting: I-95 or railroad tracks: 50% Abutting: Intracoastal: 50% Abutting: Lakes: 50% Abutting: Golf Course: 50% Abutting: Canals wider than 150 ft 50% Abutting: Canals narrower than 150 ft 33% Abutting: Perimeter walls of community that abut other than residential: Abutting: Commercial or Industrial 50% Abutting: Public or private park: 50% Interior side: 7.5 feet Comer side: 25 feet2 Minimum living area: 1,200 s.f. Maximum lot coverage: 50% Maximum structure height: 30 feet 51 ' 3 J O a x ++ d d d d z z z z to w w z z E U •• a Q YC to YC YC o O to O N [— to O y O c� O c v �1. O o O Q. M y 00 O kn m � O o I LL W N O Q' O tn O O O �cc 0 mo `n U •� O OO o ffQ .. Imo . . ori, "' o o N o d �m a � � r-: z to z W ch U oO o 0 O d to o t d Q rx Q z �o 1:T z z U Qo o ttn z oo r- 1:T z O O o O O DD t Q �� i z 01 01 -- z I O O a0 r. Cd Q Qz "O c. Q. $.. c� O fy (� U U Cd p �' Q s .. bD O O Q C/1 tom~" O s. _ _._ U 3 .3u � GTr140. z z z z z z z z 00 w w w w z z z z z • � � d d d d d d d d w w w w z z z z z 00 z z z z z z z z M N N N N O z z z z z z z z U O / O O O O O M O O M N r- N N Fri N kn to kn kn M kn kn 44 O O N kn O by o 0 0 0 0 0 0 0 N N O O O O O <M O O N N v A4 0 0 0 0 0 0 0 0 M N -•� N N �n �n �n �n �n M �n �n Cd �. .-. OCd O V N 4 Cdto to L" o O .. C7 U U U w r� r� U rx U ---� EJ Sec. 11. Nonconforming Regulations. A. Lots and Parcels. 1. R-1 District, R-IA District, R-2 District, and R-3 District. A detached single-family dwelling may be constructed on any parcel located in an R-1, R-1 A, R-2, or R-3 district, provided that it meets all of the following requirements: a. The parcel contains at least one (1)whole platted lot,platted prior to August 7, 2001; b. The parcel, or assemblage of platted parcels which individually meet the requirements of paragraph a. above, has a frontage of not less than fifty (50) feet, and a lot area of not less than five thousand(5,000) square feet(irregular, other than rectangle-shaped lots with less than five thousand(5,000) square feet of area may be developed if in conformance with all other lot regulations); c. All such parcels, when developed, shall comply with all provisions of the Land Development Regulations and applicable building code regulations, including without limitation sections of the building code regulations regarding the impact of construction and drainage on or to adjacent properties. -- N 2. R-2 District. Within R-2 districts, in subdivisions platted prior to the effective date of these Regulations, where the platted lots have a frontage of at least forty (40) feet but less than fifty (50)feet,the following rules shall apply: a. A detached single-family dwelling may be constructed on any such parcel,provided that the parcel contains at least one (1)whole platted lot. b. A duplex dwelling may be constructed on any parcel,provided that it meets the following requirements: (1) The parcel contains at least two (2)whole platted lots; (2) Property cannot be acquired from adjacent parcels so as to make the subject parcel conforming, without causing the adjacent parcels to become nonconforming or more nonconforming. c. For any parcel, lot, or combination of lots, where the total frontage is equal or greater than one hundred twenty (120)feet, and the total area is greater than twelve thousand(12,000) square feet, said property shall not be developed except in accordance with the minimum frontage and lot area required in the R-2 zoning district. d. Ownership of parcels shall be determined by the property tax rolls on file in the Palm Beach County Property Appraiser's Office as of the effective date of these Regulations. 3. R-I AA District. A detached single-family dwelling may be constructed on any parcel located in an R-1 AA district,without requiring a variance,provided that it meets the following requirements: a. The parcel contains at least one (1)whole platted lot. b. The parcel has a frontage of not less than sixty (60) feet,and a lot area of not less than six thousand, seven hundred fifty (6,750) square feet in area. c. It would not be possible to acquire property from adjacent parcels so as to make the subject parcel conforming,without causing the adjacent parcels or structures thereon to become nonconforming or more nonconforming. For any parcel or lot, or combination of lots under the same ownership, where the total frontage and the total area is equal to or greater than that which is required by the R-IAA district building and site regulations, said property shall not be developed except in accordance with the minimum frontage and lot area required in the particular zoning district. Not more than one (1)parcel or lot, or combination of lots under the same ownership,that is nonconforming but which meets the requirements under b. above may be developed for a single- family house. 54 ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 1 of 3 Sec. 2. Standards. A. General. 1. Rules and Methodology. a. Parking space requirements shall be computed on the basis of the principal use of a structure or lot, and using gross floor area unless stated otherwise in this article. Gross floor area, for the purposes of this subsection, shall include the floor area occupied by the principal use,plus the floor area occupied by all other enclosed spaces, including but not limited to storage rooms,maintenance and mechanical rooms, offices, lounges, restrooms, lobbies, basements, mezzanines, and hallways. b. Where several principal uses exist in one (1) structure or on one (1) lot,parking space requirements shall be computed separately for each principal use,unless stated otherwise in this article. Where parking spaces are required in this article for each of several principal uses that commonly occur together,this is done for the purpose of clarification only, and shall not limit the application of the requirement contained in this paragraph. c. A use shall be considered a principal use, for the purposes of this subsection, if it could exist separately from all other uses in the same structure or on the same lot, and would by itself generate significant parking demand. d. Where several principal uses exist in one (1)building or part of a building, and the floor area of each principal use cannot be clearly delineated,the parking space requirement for the use requiring the greatest number of parking spaces shall apply. e. Where a use is not listed below, parking space requirements shall be determined by the City Commission after review and recommendation by the Director of Planning and Zoning or designee. f. Where the number of required parking spaces as computed includes a fraction,the number of required parking spaces shall be the computed number rounded to the next highest whole number. g. Except as provided in Section 3.E. below,there shall be provided, at the time of the erection of any structure or establishment of any use, a number of off-street parking spaces in accordance with the following minimum requirements,and subject to the parking requirements of this subsection. Where a structure or use is enlarged or increased in capacity by any means, including a change in building occupancy which requires the provision of additional parking spaces, or a change in use to or which requires additional parking spaces,the minimum number of parking spaces shall be computed by applying these requirements to the entire structure or use. 2. Minimum Number of Required Off-Street Spaces for Non-Residential Uses. No fewer than four(4)parking spaces shall be provided for any non-residential use. 3. Location of Off-Street Parking Areas. a. Residential. Required parking spaces for all dwellings shall be located on the same lot as the dwelling to be served. b. Non-residential. Required parking spaces for all non-residential uses shall be owned by the owner of the building or lot to be served,and shall be located on the same lot, or not more than three hundred(300) feet distance,unless the property is located within those areas defined within the adaptive re-use section of the Code (Chapter 4, Article 5, Section 4). In those areas, required parking spaces may be leased within three hundred(300) feet of the use in which they serve, subject to Board and City Commission approval,and the property shall be posted with signage indicating to patrons the location of the leased parking. B. Table 4-17. Residential and Lodging Uses. Residential and Lodging Uses Standard Number of Required Parking Spaces 55 http://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 2 of 3 Building area size is based upon gross floor area(in square feet)unless specifically expressed otherwise. Single-family,duplex dwelling,or mobile home: 21 Efficiency or one (1)-bedroom apartment: 1.5 1,2 Within mixed use high district: 1.332 Two (2) or more bedroom apartment: 21,2 Within mixed use high district: 1.661'2 Dormitories: 1 per unit Hotel&motel units containing one (1)-bedroom: 1.25 per unit Within mixed use high district: 1 per unit Hotel& motel suite containing two (2) or more 2 per unit bedrooms: Within mixed use high district: 1 per unit Group home(types 1 through 4): 1 per 3 beds Bed&breakfast: 13 Live/work unit: 1 per 2 units4 1 Residential driveways shall satisfy the parking space requirements for single-family detached dwelling units, duplexes, and multi-family dwelling units containing garages,provided such driveways are of sufficient size to meet the parking space requirements of this subsection. A residential driveway of sufficient size shall be provided prior to the issuance of a certificate of occupancy. For all required parking spaces not located within an enclosed garage, the first parking space shall be the minimum size required for a handicap space, exclusive of public or private rights-of-way, and all other required spaces must be dimensioned in accordance with current city standards. All driveways shall be setback at least two (2) feet from interior side and corner side property lines, and maintained and drained so as to prevent nuisance conditions or a danger to the public and/or adjacent property owners. Any expansion to an existing driveway shall require a zoning permit from the Planning and Zoning Division in accordance with the procedures specified in Chapter 2,Article II, Section S.B.; however, any driveway expansion(or similar impervious surface)that is equal to or greater than eight hundred(800) square feet shall require the approval of a land development permit in accordance with Chapter 2, Article III, Section 3. Any work, such as a driveway,proposed within the swale (right-of-way) shall require a permit from the Engineering Division in accordance with the procedures specified in Chapter 2, Article III, Section 4. 2 Guest parking shall be provided at a rate of 0.15 spaces per unit for residential developments consisting of three (3)or more dwelling units. 3 Required parking shall be calculated on the basis of one (1) space per each employee, manager, or owner and one (1)parking space for each guest unit. Newly created parking may be located only in the rear and side yard. 56 http://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... ARTICLE V. MINIMUM OFF-STREET PARKING REQUIREMENTS Page 3 of 3 4 In addition to the required parking for the residential unit,the city requires that one (1) parking space per two (2) live/work units be provided to meet business activity needs. Parking provided to meet this requirement shall be located on the lot,built into or under the structure, or within three hundred (300) feet of the unit in which the use is located. The distance shall be a straight line measurement from a point on the boundary line of the property of the subject unit to the closest boundary line of the property on which the parking is located. Parking provided to accommodate said space, including driveways of adequate depth in front of the unit's garage, shall not serve as meeting required parking for the unit's residential use. 57 http://www.amlegal.com/nxt/gateway.dll/Florida/boynton/partiiilanddevelopmentregulation... 1/8/2015 This is an APPRAISAL REPORT that complies with Standard Rule 2-2(a) of Uniform Standards of Professional Appraisal Practice (USPAP: 2016-2017) (a) The content of an Appraisal Report must be consistent with the intended use of the appraisal and, at a minimum: (i) state the identity of the client and any intended users, by name or type; (ii) state the intended use of the appraisal; (iii) summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic property characteristics relevant to the assignment; (iv) state the real property interest appraised; (v) state the type and definition of value and cite the source of the definition; (vi) state the effective date of the appraisal and the date of the report; (vii) summarize the scope of work used to develop the appraisal; (viii) summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach, or income approach must be explained; (ix) state the use of the real estate existing as of the date of value and the use of the real estate reflected in the appraisal; (x) when an opinion of highest and best use was developed by the appraiser, summarize the support and rationale for that opinion; (xi) clearly and conspicuously: ■ state all extraordinary assumptions and hypothetical conditions; and ■ state that their use might have affected the assignment results; (xii) include a signed certification in accordance with Standards Rule 2-3. Standards Rule 1-5 When the value opinion to be developed is market value, an appraiser must, if such information is available to the appraiser in the normal course of business: (a) analyze all agreements of sale, options, and listings of the subject property current as of the effective date of the appraisal; and (b) analyze all sales of the subject property that occurred within the three (3) years prior to the effective date of the appraisal. 58 475.611 Florida Statutes: Definitions.-- (1) As used in this part, the term: (a) "Appraisal" or"appraisal services" means the services provided by certified or licensed appraisers or registered trainee appraisers, and includes: 1. "Appraisal assignment" denotes an engagement for which a person is employed or retained to act, or could be perceived by third parties or the public as acting, as an agent or a disinterested third party in rendering an unbiased analysis, opinion, review, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real property. 2. "Analysis assignment" denotes appraisal services that relate to the employer's or client's individual needs or investment objectives and includes specialized marketing, financing, and feasibility studies as well as analyses, opinions, and conclusions given in connection with activities such as real estate brokerage, mortgage banking, real estate counseling, or real estate consulting. 3. "Appraisal review assignment" denotes an engagement for which an appraiser is employed or retained to develop and communicate an opinion about the quality of another appraiser's appraisal, appraisal report, or work. An appraisal review may or may not contain the reviewing appraiser's opinion of value. (b) "Appraisal Foundation" or"foundation" means the Appraisal Foundation established on November 20, 1987, as a not-for-profit corporation under the laws of Illinois. (c) "Appraisal report" means any communication, written or oral, of an appraisal, appraisal review, appraisal consulting service, analysis, opinion, or conclusion relating to the nature, quality, value, or utility of a specified interest in, or aspect of, identified real property, and includes any report communicating an appraisal analysis, opinion, or conclusion of value, regardless of title. However, in order to be recognized in a federally related transaction, an appraisal report must be written. (d) "Appraisal review" means the act or process of developing and communicating an opinion about the quality of another appraiser's appraisal, appraisal report, or work. (e) "Appraisal subcommittee" means the designees of the heads of the federal financial institutions regulatory agencies established by the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. ss. 3301 et seq.), as amended. (f) "Appraiser" means any person who is a registered trainee real estate appraiser, licensed real estate appraiser, or a certified real estate appraiser. An appraiser renders a professional service and is a professional within the meaning of s. 95.11(4)(a). (g) "Board" means the Florida Real Estate Appraisal Board established under this section. (h) "Certified general appraiser" means a person who is certified by the department as qualified to issue appraisal reports for any type of real property. (i) "Certified residential appraiser" means a person who is certified by the department as qualified to issue appraisal reports for residential real property of one to four residential units, without regard to transaction value or complexity, or real property as may be authorized by federal regulation. Q) "Department" means the Department of Business and Professional Regulation. 59 Page 1 of 5 Vance Real Estate Service ANWONNNOMMIL 9 Jesse B. Vance, Jr., MAI, SRA, ASA, MBA Appraiser - Real Estate Analyst - Reviewer - Expert Witness Vance Real Estate Service - 7481 NW 4 Street - Plantation - Florida - 33317 Office: 954.583.2116; Cell: 954.610.2423; Email: vanceval(a,comcast.net Web Page: www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Currently registered in"SAM" (U.S. Government System for Award Management—DUNS 826494957).Designated appraisers perform the appraisal work,no trainees. Jesse B. Vance, Jr., MAI, SRA, ASA, MBA and Claudia Vance, MAI are qualified as expert witnesses for eminent domain, bankruptcies, deficiency judgments, marriage dissolution, and estate valuations. Our firm values most types of real property interests for sale, mortgage loans, litigation and investment reasonably, timely and professionally. As licensed real estate brokers,we perform most other real property functions.We also do"Valuations for Financial Reporting." PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/DEGREES/LICENSES&CERTIFICATIONS MAI DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 SRA DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 ASA DESIGNATION - AMERICAN SOCIETY OF APPRAISERS(RE-Urban)4003439 MBA DEGREE - REAL ESTATE MANAGEMENT AND DEVELOPMENT STATE-CERTIFIED GENERAL REAL ESTATE APPRAISER 4RZ-85(Florida) FLORIDA STATE LICENSED REAL ESTATE BROKER NO.BK.91050 REGISTERED VETERAN-OWNED SMALL BUSINESS(CCR/Duns 826494957) FLORIDA CERTIFIED SDVBE BUSINESS ENTERPRISE(Minority Business Enterprise-MBE) FLORIDA"D.E.P."APPROVED APPRAISER Currently registered in"SAM"(U.S.Government System for Award Management). B)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION 1.U.S.Court of Appeals,Eleventh Circuit 2.U.S.District Court,Southern District of South Florida 3.U.S.District Court,New Jersey 4.U.S.Bankruptcy Court,Southern District of Florida 5.U.S.Bankruptcy Court,District of New Jersey 6.U.S.Bankruptcy Court,Western(Pittsburgh)Division of Pennsylvania 7.Florida Circuit Courts:Broward,Dade,Palm Beach,Lee,Collier,Martin,and Okeechobee Counties 8.Appraiser on landmark eminent domain cases:TESSLER,NESS TRAILER PARK,PATEL,SIMPSON v. FILLICHIO,RUBANO,PALM BEACH COUNTY(FL)vs.COVE CLUB INVESTORS,LTD. C)EXPERIENCE Over thirty-five(35)years appraising and analyzing real property interests in South Florida Partial list: RESIDENCES, RESTAURANTS/BARS, APARTMENT BUILDINGS, OFFICE BUILDINGS HOTELS/MOTELS, CHURCHES, CONDOMINIUMS/COOPS, HOSPITALS &NURSING HOMES, VACANT LAND, GOLF COURSES, GOLF CLUBS, GASOLINE SERVICE STATIONS, MARINAS, TRAILER PARKS, SHOPPING CENTERS, BANKS/THRIFT INSTITUTIONS, BOWLING ALLEYS, P.U.D.'S, INDUSTRIAL BUILDINGS, TIME-SHARE DEVELOPMENTS, ROCK PITS, SCHOOLS, AGRICULTURAL PROPERTIES, WATER MANAGEMENT DISTRICT, MARKETABILITY, FEASIBILITY ANALYSES, INVESTMENT ANALYSES, AUTO SALES FACILITIES, LEASE VALUATIONS, TAX & ASSESSMENT APPEALS, CONDEMNATION, EXPERT WITNESS (Member National Forensic Center), BUSINESS ENTERPRISE VALUATIONS (BEV), (VFR) VALUATION FOR FINANCIAL REPORTING, AVIGATION & CLEARANCE EASEMENTS, ESTATES, DIVORCES, PLANNING/LAND USE STUDIES, HIGHEST & BEST USE ANALYSES, DEPRECIATION ANALYSES, COMPONENT APPRAISALS, ENVIRONMENTALLY SENSITIVE LAND, CONTAMINATED PROPERTIES, SUGARCANE & TURFGRASS LAND, DAY CARE CENTERS, SELF-STORAGE FACILITIES, FUNERAL HOMES, ANIMAL HOSPITALS, SUBMERGED LAND, CITY CENTERS,etc. 60 Page 2 of 5 D)PARTIAL LIST OF CLIENTS PRIVATE INDIVIDUALS AND CORPORATIONS, ATTORNEYS, ACCOUNTANTS, TRUST DEPARTMENTS, COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust; American National Bank; Landmark Bank; City National Bank; BankUnited; Gateway American Bank; State Farm Bank; Englewood Bank & Trust; SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES, TITLE INSURANCE COMPANIES; FLORIDA CITIES: FORT LAUDERDALE, PLANTATION, COOPER CITY, TAMARAC, LAUDERHILL, BOCA RATON, DEERFIELD BEACH, OAKLAND PARK, WILTON MANORS, HOLLYWOOD, WEST PALM BEACH, DELRAY BEACH, HALLANDALE, PEMBROKE PINES, COOPER CITY, TOWN OF DAVIE, TOWN OF SOUTHWEST RANCHES, MIRAMAR. FLORIDA COUNTIES: BROWARD, PALM BEACH,COLLIER, OKEECHOBEE;BROWARD COUNTY BOARD OF COUNTY COMMISSIONERS;OKEECHOBEE BOARD OF COUNTY COMMISSIONERS. SCHOOL BOARD OF BROWARD COUNTY, FLORIDA, BROWARD COUNTY HOUSING AUTHORITY,STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION(DOT); STATE OF FLORIDA DIVISION OF GENERAL SERVICES(GSA); N. BROWARD GENERAL HOSPITAL DISTRICT; STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION (Approved Vendor);U_S. TREASURY DEPARTMENT(General Counsel, I.R.S.);U.S.MARSHAL'S SERVICE—U.S.ATTORNEY'S OFFICE CENTRAL DIVISION—U.S.Dept.of Justice; VETERANS ADMINISTRATION E)EDUCATIONAL BACKGROUND-(Partial List) BACHELOR OF ARTS- Earlham College,Richmond,Indiana(1954) MBA(Nova University) - Real Estate Management&Development(National Dean's List 1991) Course 1 (AIREA) - Basic Principles of Appraising Course 2 (AIREA) - Urban Property Valuation(Income) Course 4 (AIREA) -Condemnation Appraising Course 6 (AIREA) - Income Capitalization&Analysis Course 101(SREA) - Introduction to Appraising Course 201(SREA) - Income Property Valuation,Theory Course 202(SREA) - Applied Income Property Valuation Course 301(SREA) - Applications/Appraisal Analysis Symposium (SREA) - Market Analysis,1978,Virginia Symposium (SREA) - Market Analysis,1979,Arizona Symposium (SREA) - Market Analysis,1980,South Carolina Symposium (SREA) - Market Analysis,1981,Tennessee Symposium (SREA) - Market Analysis,1982,New Mexico Symposium (SREA) - Market Analysis,1983,Pennsylvania Symposium (SREA) - Market Analysis,1984,Georgia Symposium (SREA) - Market Analysis,1985,Vancouver,B.C. Symposium (SREA) - Market Analysis,1986,New Jersey Clinic (SREA) -#201 Instructor,1987,U.of Illinois Clinic (SREA) -#201 Instructor,1988,Illinois Seminar (SREA) - Professional Practice,1988,Florida Symposium(SREA) - Market Analysis, 1988,California Symposium(SREA) - Market Analysis, 1989,Minnesota MBA Graduate School Courses: 1990—1991 Successfully completed the following graduate school courses: - "Regulation of Real Estate Development" - "Real Properties Management" - "Legal Issues In Real Estate" - "Market Analysis and Site Selection" - "Organizational Behavior and Management' - "Human Resource Management" - "Real Estate Economics" -"R.E.Finance:Instruments,Institutions&Investment Analysis" - "Urban Infrastructure&Environmental Analysis" - "Real Estate Accounting" - "Marketing Management for Real Estate" - "Commercial Real Estate Lending" - "Construction Technology and the Building Development Process" SEMINAR (AI) - Cost Approach(1992/Boston) SEMINAR (AI) - Rates&Ratios(1992/Boston) SEMINAR (AI) - International Appraising(1992/Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial(1993) SEMINAR (AI) - ADA ACT(1993/Reno) SEMINAR (AI) - Hotel Valuation(1993) SEMINAR (AI) - Income Capitalization,Methods(1993) SEMINAR (AI) - Powerlines/Electromagnetic Radiation(1994) SEMINAR (AI) - Verifying Market Data(1994) SEMINAR (AI) - Market Studies for Appraisals(1994) SEMINAR (AI) - Florida Appraiser Core Law(USPAP/1994) 61 Page 3 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994) SEMINAR (AI) - Public Safety&Property Values(1995) SEMINAR (AI) - Outparcel Valuation(1995) SEMINAR (AI) - Computer Technology Video Conference(1995) SEMINAR (AI) - The Internet&the Appraiser(1996) SEMINAR (AI) - Florida Commercial Construction(1996) SEMINAR (AI) - Real Property Rights in Florida(1996) COURSE (AI) - USPAP&Florida Real Estate Core Law(1996) SEMINAR (AI) - Valuation of Trees(199 7) 3-DAY COURSE - Environmental Permitting/Mitigation/Mitigation Banking/Contamination Risk Management- Liability/Wetlands/Hazardous Wastes/LenderLiability(1997/Marco Beach.FL) SEMINAR(AI) -Valuation of Transferable Development Rights[TDR's](1997) COURSE (AI) - Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) - Non-Conforming Uses(1998) SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998) COURSE (AI) - USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) - Econometrics/Statistical Valuation Methods(1999) COURSE (AI) - 14 Hour(2-day)Advanced Spreadsheet Modeling for Valuation Applications SEMINAR(AI) - Globalization of Real Estate/What U.S.Appraisers Need to Know(1999) SEMINAR(AI) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) - Technology Forum Part II/Intermediate(1999) SEMINAR(AI) - Client Satisfaction/Retention/Development(1999) SEMINAR(AI) - Attacking and Defending an Appraisal(1999) SEMINAR(AI) - Federal Appraisal Requirements("Yellow Book')(2000) SEMINAR(AI) - Regression Analysis in Appraisal Practice:Concepts&Applications(2000) SEMINAR(AI) -Analyzing Income Producing Properties(2000) SEMINAR(ATIF) - 1031 Tax Deferred Exchanges(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) - Mediation&Alternate Dispute Resolution Seminar(2001) SEMINAR(AI) - State of the Appraisal Profession(2001) 2-Day SEMINAR - Eminent Domain,by CLE International,Tampa,Florida(200 1) SEMINAR(AI) -Ad Valorem Assessment Process in Florida(2002) SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002) SEMINAR(AI) -Appraisers&the Gramm-Leach-Bliley Federal Privacy Act(2002) SEMINAR(AI) -How to Appraise the Ugly House(2002) COURSE(AI) -2-Day Course#430,Standards of Professional Practice,Part C(2002) SEMINAR(AI) -Market Trends for 2003(2003) SEMINAR(AI) -Update on Code of Professional Ethics(2003) PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003) SEMINAR(AI) -Florida State Law for Real Estate Appraisers(2003) SEMINAR(AI) -Appraisal Agreements(2003) SEMINAR(AI) -Analyzing Distressed Real Estate(2004) SEMINAR(AI) -Valuation for Financial Reporting Purposes(2004) SEMINAR(AI) -7 Hour National USPAP Update Course#1400(2004) SEMINAR(AI) -Inverse Condemnation(2004) SEMINAR(AI) -Appraiser Independence in the Loan Process(2004) SUMMIT (AI) -Moderator at 2-day Appraisal Summit in Washington,D.C.(12/2004) SEMINAR(AI) -Loss Prevention Program for Real Estate Appraisers(2005) SEMINAR(AI) -Valuation of Wetlands(7/2005) SEMINAR(AI) -Tri-County Residential Symposium(8/2005) SEMINAR(AI) -"Cool Tools"Internet Resources and Use for Valuation(2/2006) SEMINAR(AI) -FREAB 7-Hour National USPAP Update(5/2006) SEMINAR(AI) -FREAB 3-Hour Florida State Law for Real Estate Appraisers(5/2006) SEMINAR(AI) -USPAP Scope of Work&New Requirements(8/2006) SEMINAR(AI) -USPAP Reappraising,Readdressing&Reassigning Appraisal Reports(2/2007) SEMINAR(AI) -Al Summary Appraisal Report/Residential(4/07) COURSE(Fla..) -14-Hour Continuing Education(including 3-Hour Florida Core Law)(7/2007) SEMINAR(AI) -Real Estate Fraud:Appraisers Beware!(8/2007) SEMINAR(AI) - Florida Law for Real Estate Appraisers(11/2007) COURSE(AI) -Business Practices and Ethics—8 hours(12/2007) SEMINAR(AI) -Supervisor Trainee Roles and Rules(2/2008) SEMINAR(AI) -7 Hour National USPAP(4/2008) SEMINAR(AI) -USPAP Hypothetical Conditions&Extraordinary Assumptions(5/2008) SEMINAR(AI) -Litigation Skills for the Appraiser—7-Hour Seminar(9/2008) SEMINAR(AI) -Public Sector Appraising(2/2009) 62 Page 4 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) WEBINAR(AI) -Develop an Effective Marketing Plan(3/2009) SEMINAR(AI) -Inspecting the Residential"Green House"(4/2009) SEMINAR(AI) -Property Tax Assessment(5/2010) SEMINAR(AI) -Supervisor Trainee Roles and Rules(7/2010) SEMINAR(AI) -Florida Law for Real Estate Appraisers(7/2010) SEMINAR(AI) -7-Hour Introduction to Valuation for Financial Reporting—Chicago(5/2009) SEMINAR(AI) -Government Regulations&Their Effect on R.E.Appraising(8/2009) SEMINAR(AI) -R.E.Market:How We Got Here,Where We Are,Where We're Going(10/2009) SEMINAR(AI) -7 Hour National USPAP Update Course(10/1/2010) COURSE (AI) -7 Hour Introduction to Conservation Easement Valuation(12/10/2010) SEMINAR(AI) -The Real Estate Market(2/18/2011) COURSE (AI) - 16 Hours Uniform Appraisal Standards for Federal Land Acquisitions("Yellow Boob')(2/25-26/2011) WEBINAR(AI) -Real Estate Industry Perspectives on Lease Accounting(4/7/2011) COURSE (AI) - 15 Hour Appraisal Curriculum Overview(5/19-20/2011) WEBINAR(AI) -2-hour Investment Property Accounting Standards(6/8/2011) SEMINAR(AI) -3 Hour Spotlight on USPAP—Agreement for Services(7/15/2011) COURSE (AI) - 14 Hours(2-day)Advanced Excel Spreadsheet Modeling for Valuation Applications(9/22&9/23/2011) SEMINAR(AI) - Trial Components(11/4/11) SEMINAR(AI) - Lessons from the Old Economy Working in the New(1/20/2012) 7-Hour USPAP -National USPAP Update(3/9/2012) 3-Hour Fla..Law -State Law Update(3/9/2012) SEMINAR(AI) - Appraisal Review for General Appraisers(4/12/2012) SEMINAR(AI) - Land Valuation(4/20/2012) SEMINAR(AI) - The Valuation of Warehouses(6/22/2012) SEMINAR(AI) - Town Hall Meeting:2012 Appraisal Institute Forum(7/12/2012) SEMINAR(AI) - IRS Valuation(7/19/2012) SEMINAR(AI) - 7 Hour Business Practices and Ethics Course(12/7/2012) SEMINAR(AI) - Real Estate Forecast 2013(1/25/2013) COURSE(AI) - 7 Hour Advanced Marketability Studies(5/6/2013) SEMINAR(AI) - Developing a Supportable Workfile(11/15/2013) SEMINAR(AI) - Florida Appraisal Law Course(2/7/2014) SEMINAR(AI) - Liability Issues for Appraisers performing Litigation&Non-Lending Work(2/24/2014) COURSE(AI) - 7 Hour National USPAP Update Course(4/25/2014) SEMINAR(AI) - Economic Conditions(5/16/2014) SEMINAR(AI) - Fundamentals of Going Concerns(7/16/2014) SEMINAR(AI) - Litigation Assignments for Residential Appraisers(7/24/2014) SEMINAR(AI) - Economic Engines of Miami-Dade County,Florida(1/23/2015) SEMINAR(AI) - Economic Engines Driving Broward County,Florida(5/15/2015) 3-Hour Fla.Law - Florida Real Estate Broker 14-hour Continuing Education Course (incl.3 hour core law)with exam(9/2015) SEMINAR(AI) -Drone Technology&its Effect on Real Estate Valuations(11/2015) SEMINAR(AI) -Loss Prevention for Real Estate Appraisers(1/22/2016) COURSE(AI) -7-Hour National USPAP Update Course(4/22/2016) SEMINAR(AI) -3-Hour Florida Appraisal Law(4/22/2016) SEMINAR(AI) -4-Hour Appraisals in the Banking Environment(5/6/2016) SEMINAR(AI) -Appraising the Tough One:Mixed Use Properties(8/19/2016) SEMINAR(AI) -4-Hour Business Practices&Ethics(12/02/2016)5-Year Requirement WEBINAR(AI) -2-Hour Yellow Book Changes—Overview for Appraisers(1/11/2017) SEMINAR(AI) -3-Hours Economic Engines Driving Broward County in 2017(1/27/2017) COURSE(AI) -7-Hours:Introduction to Green Buildings Principles&Concepts(2/24/2017) 63 Page 5 of 5 F)APPRAISAL TEACHING EXPERIENCE Licensed by the Florida Department of Education to Teach(Certificate No.275236). Authored and taught Residential and Commercial Real Estate Appraisal Courses for Broward County Adult Education Program. Taught Course 101 - Society of Real Estate Appraisers. Taught Course 201 - Society of Real Estate Appraisers. Taught Appraisal Seminars-Board of Realtors,ASA, SREA,and Al (Appraisal Institute). Adjunct Professor, University of Florida Division of Continuing Education: (taught Course 2, "Real Estate Principles and Practices" to prospective Florida Real Estate Brokers). G)PROFESSIONAL OFFICES HELD/AWARDS NATIONAL B.O.D.MEMBER - BOARD OF DIRECTORS of APPRAISAL INSTITUTE (2006-2008) AWARD - Appraisal Institute`NATIONAL PRESIDENTS AWARD"2008 AWARD - Appraisal Institute"LIFETIME ACHIEVEMENT AWARD"2011 For"high ethical standards,contributions to the Appraisal Institute,Community and Appraisal Profession for at least 20 years." CHAIR - REGION X -All of Florida -Appraisal Institute(2008) VICE-CHAIR - REGION X -All of Florida -Appraisal Institute(2007) THIRD DIRECTOR - REGION X -All of Florida -Appraisal Institute(2006) FINANCE OFFICER - REGION X—All of Florida—Appraisal Institute(2006) PRESIDENT - BROWARD COUNTY,SOCIETY OF REAL ESTATE APPRAISERS PRESIDENT - BROWARD COUNTY,AMERICAN SOCIETY OF APPRAISERS CHAIR - FLA.STATE GOVERNMENT RELATIONS SUBCOMMITTEE OF Al CHAIR - FLA.STATE LEGISLATION&REGULATION SUBCOMMITTEE OF Al G)PROFESSIONAL OFFICES HELD/AWARDS CHAIR - FLORIDA REALTORS COMMITTEE ON COMMITTEE REFORMS CHAIR - EDUCATION COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - CANDIDATES GUIDANCE COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - NATIONAL Valuation for Financial Reporting PROJECT TEAM OF Al VICE CHAIR&MEMBER - NATIONAL GOVERNMENT RELATIONS COMMITTEE OF Al(15 Years) MEMBER - NATIONAL LONG RANGE PLANNING COMMITTEE OF Al MEMBER - NATIONAL PUBLIC AFFAIRS COMMITTEE OF Al DIRECTOR - REGION X(Florida)Appraisal Institute MEMBER - REGION X(FLORIDA)ETHICS AND COUNSELING PANEL DIRECTOR - BROWARD COUNTY,FLORIDA SOCIETY OF REAL ESTATE APPRAISERS DIRECTOR - SOUTH FLORIDA CHAPTER AMERICAN SOCIETY OF APPRAISERS MEMBER - NATIONAL EXPERIENCE REVIEW PANEL MEMBER OF Al SPECIAL MASTER - BROWARD COUNTY BOARD OF TAX ADJUSTMENT COMMISSIONER - 17TH JUDICIAL CIRCUIT COURT,Broward County,FL MEMBER - 2013 APPRAISAL INSTITUTE NATIONAL BUSVAL PROJECT TEAM H)PROFESSIONAL PUBLICATIONS&PRESENTATIONS Wrote and taught a basic Residential Appraisal Course for the Broward County Adult Education Div.of the Dept.of Education; Wrote and taught an Income Appraisal Course for the Broward County Adult Education Division of the Department of Education; Co-authored and taught an appraisal course on Mortgage-Equity Capitalization for the American Society of Appraisers. Authored and taught a Florida State and Appraisal Institute 3-hour accredited course in"The Legislation,Regulation and Appraisal of Real Property Rights in Florida September 7,1996. Presentation on"Gramm-Leach-Bliley"Federal Privacy Act of 1999 for South Florida Chapter of American Society of Appraisers on October 24,2001. Presented 3-hour Florida CEU-credit seminar on"Appraisers and the Gramm-Leach-Bliley Act"before the South Florida Chapter of the Appraisal Institute on July 27,2002. Presenter at 6.5 Hour CLE-credit Attorney Seminar on Florida Eminent Domain,"Valuation and Damage Issues" February 2,2006, Fort Lauderdale,Florida P CIVIC INVOLVEMENT MEMBER OF ROTARY INTERNATIONAL/PAUL HARRIS FELLOW MEMBER OF THE GREATER FORT LAUDERDALE OPERA GUILD MEMBER FLORIDA PHILHARMONIC BROWARD TRUSTEES MEMBER OF THE BROWARD COUNTY LIBRARY SUPPORT GROUP("BYBLOS") MEMBER CIRCLE OF FRIENDS—NOVA SOUTHEASTERN LIBRARY FOUNDATION MEMBER NOVA SOUTHEASTERN UNIVERSITY ALUMNI ASSOCIATION MEMBER OF THE FORT LAUDERDALE HISTORICAL SOCIETY MEMBER OF THE BROWARD COUNTY MUSEUM OF THE ARTS MEMBER OF THE FORT LAUDERDALE/BROWARD COUNTY CHAMBER OF COMMERCE MEMBER OF THE BETTER BUSINESS BUREAU OF SOUTH FLORIDA LIFETIME HONORARY MEMBER FLORIDA SHERIFF'S ASSOCIATION MEMBER NATIONAL&FT.LAUDERDALE COUNCILS U.S.NAVY LEAGUE U.S.ARMY VETERAN WWII(RA 1721268 1)-HONORABLE DISCHARGE 1949 64 I of 4 Vance Beal Estate Service ir 01% Claudia Vance, MAI Appraiser - Real Estate Analyst Reviewer Vance Real Estate Service - 7481 NW 4 Street Plantation - FL - 33317 Office: 954.583.2116 Cell: 954.647.7148 Email: vanceval �,att.net Web Site: www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Designated appraisers perform the appraisal work,no trainees. Our appraisals are used for financial/mortgage loan purposes from large mixed use complexes to small owner-occupied properties. We have the qualifications for appraisals submitted to SBA. Jesse B. Vance, Jr., MAI, SRA, ASA and Claudia Vance, MAI are qualified as expert witnesses for eminent domain, deficiency judgments, marriage dissolution, and estates. Our firm values most types of real property interests, timely, professionally,and at competitive costs. PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/LICENSES MAI Designation- APPRAISAL INSTITUTE No.9451 State-Certified General Real Estate Appraiser No.RZ-173 Florida State Licensed Real Estate Broker No.BK 0161305 VOSB Veteran-Owned Small Business(CCR/Duns 826494957) B)WORK HISTORY 1983 -Current Vice President-Vance Real Estate Service 1981-1983 President-The Appraisal Company,Fort Lauderdale,Florida 1979-1981 Staff Appraiser -Real Property Analysts,Inc.,Fort Lauderdale,Florida 1976-1980 REALTOR-Associate-The Atwood Corporation,Fort Lauderdale,Florida 1973-1975 Teacher of Secondary Language Arts in the Jefferson Parish School in Louisiana C)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION U.S.Bankruptcy Court,Southern District of Florida Florida Circuit Court:Broward County D)APPRAISER SPECIAL MAGISTRATE FOR THE BROWARD CO VALUE ADJUSTMENT BOARD 2002-2010 E)EXPERIENCE:35+years appraising and analyzing real property interests in South Florida. Partial list of real property types valued: High value residences, Condominiums/ Co-operatives, Office, Industrial, Multi-family, Restaurants/bars, Auto dealerships, City Centers, Hotels/motels, Houses of worship, Schools, Child care centers, Self-storage, Funeral home, Animal Hospital, Mixed use,Nursing homes, Gas sales stations, Marinas, Mobile home parks, Shopping centers, Country clubs/golf courses, Financial institutions,Bowling centers,Vacant land, Agricultural properties,Environmentally sensitive land Tvpes of Reports: Market Value, Eminent Domain, Marketability, Feasibility, Highest and Best Use, Investment Analyses, Partial Interests, Easement Valuations,Estate planning,Marriage dissolution,Land use studies,Damage/Contamination studies 65 2 of 4 F)PARTIAL LIST OF CLIENTS— PRIVATE: Individuals,Corporations,Attorneys,Accountants,Habitat for Humanity,Seminole Tribe of Florida COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust Citigroup; Space Coast Credit Union; State Farm Bank; Florida Shores Bank;American National Bank;Landmark Bank;City National Bank;Englewood Bank&Trust SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES,TITLE INSURANCE COMPANIES FLORIDA CITIES: Fort Lauderdale, Plantation, Cooper City, Deerfield Beach, Tamarac, Oakland Park, Wilton Manors, Davie, Hollywood, Pembroke Pines, Hallandale Beach, Lauderhill, Southwest Ranches, Miramar, Boca Raton, Boynton Beach,West Palm Beach,Delray Beach FLORIDA COUNTIES and AGENCIES: Broward, Palm Beach, Broward County Board of County Commissioners, School Board of Broward County,Broward County Housing Authority STATE OF FLORIDA Department of Transportation(FDOT),Department of Environmental Protection U.S.Department of Veterans Affairs,U.S.Department of Treasury(IRS),U.S Marshall's Service,U.S.Attorney G)EDUCATIONAL BACKGROUND Academic: Bachelor of Arts Degree—University of New Orleans,New Orleans,LA—Major: English Professional: Course 1-A (AIREA)- Introduction to Appraising Real Property, 1977,Passed Exam Course 1-B (AIREA)- Capitalization Theory and Techniques,1978,Passed Exam Course VIII(AIREA)- Residential Appraising,1978,Passed Exam Course SPP (AI) - Standards of Professional Practice,1992,Passed Exam Course 2-1 (AIREA)- Case Studies,1987,Passed Exam Course 2-2 (AIREA)- Report Writing, 1987,Passed Exam Course R-2 (SREA) - Report Writing, 1978,Passed Exam Course 202 (SREA) - Applied Income Property Valuation, 1983,Passed Exam Course 301 (SREA) - Applications/Appraisal Analysis, 1984,No Exam Course SPP (SREA) - Standards of Professional Practice,1989,No Exam Symposium (SREA)- Market Analysis, 1983,Philadelphia Symposium (SREA)- Market Analysis,1984,Atlanta Symposium (SREA)- Market Analysis,1985,Vancouver Symposium (SREA)- Market Analysis,1986,Atlantic City Symposium (SREA)- Market Analysis,1988,Los Angeles SEMINAR (AI) - Cost Approach(1992/Boston) SEMINAR (AI) - Rates&Ratios(1992/Boston) SEMINAR (AI) - International Appraising(1992/Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial(1993) SEMINAR (AI) - ADA ACT(1993/Reno) SEMINAR (AI) - Hotel Valuation(1993) SEMINAR (AI) - Income Capitalization,Methods(1993) SEMINAR (AI) - Powerlines/Electromagnetic Radiation(1994) SEMINAR (AI) - Verifying Market Data(1994) SEMINAR (AI) - Market Studies for Appraisals(1994) SEMINAR (AI) - Florida Appraiser Core Law(USPAP/1994) SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994) SEMINAR (AI) - Public Safety&Property Values(1995) SEMINAR (AI) - Outparcel Valuation(1995) SEMINAR (AI) - Computer Technology Video Conference(1995) SEMINAR (AI) - The Internet&the Appraiser(1996) SEMINAR (AI) - Florida Commercial Construction(1996) SEMINAR (AI) - 1996 Data Exchange(1996) SEMINAR (AI) - Real Property Rights in Florida(1996) COURSE (AI) - USPAP&Florida Real Estate Core Law(1996) SEMINAR (AI) - Valuation of Trees(1997) 66 3 of 4 G)EDUCATIONAL BACKGROUND(Continued) SEMINAR(AI) - Valuation of Transferable Development Rights[TDR's](1997) COURSE (AI) - Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) - Non-Conforming Uses(1998) SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998) COURSE (AI) - USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) - Econometrics/Statistical Valuation Methods(1999) SEMINAR(AI) - Globalization of Real Estate/What U.S.Appraisers Need to Know(1999) SEMINAR(AI) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) - Technology Forum Part II/Intermediate(1999) SEMINAR(AI) - Client Satisfaction/Retention/Development(1999) SEMINAR(AI) - Attacking and Defending an Appraisal(1999) SEMINAR(AI) - Federal Appraisal Requirements(2000) SEMINAR(AI) - Regression Analysis in Appraisal Practice:Concepts&Applications(2000) SEMINAR(AI) -Analyzing Income Producing Properties(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) - Mediation&Alternate Dispute Resolution Seminar(2001) SEMINAR(AI) - State of the Appraisal Profession(2001) SEMINAR(AI) -Ad Valorem Assessment Process in Florida(2002) SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002) SEMINAR(AI) -Appraisers&the Gramm-Leach-Bliley Federal Privacy Act(2002) SEMINAR(AI) -How to Appraise the Ugly House(2002) COURSE(AI) -2-Day Course#430,Standards of Professional Practice,Part C(2002) SEMINAR(AI) -Market Trends for 2003(2003) SEMINAR(AI) -Update on Code of Professional Ethics(2003) PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003) SEMINAR(AI) -Florida State Law for Real Estate Appraisers(2003) SEMINAR(AI) -Appraisal Agreements(2003) SEMINAR(AI) -Analyzing Distressed Real Estate(2004) SEMINAR(AI) - Valuation for Financial Reporting Purposes(2004) SEMINAR(AI) - National USPAP Course(2004) SEMINAR(AI) - Inverse Condemnation(2004) SEMINAR(AI) - Loss Prevention(2005) SEMINAR(AI) - Single Family Fraud Awareness(2005) SEMINAR(AI) - Guide to the new URAR form(2005) SEMINAR(AI) - Technologies for Real Estate Appraisers(2006) SEMINAR(AI) - The Appraiser's Role in New Urbanism(2006) SEMINAR(AI) - National USPAP Update(2006) SEMINAR(AI) - Florida State Law for Real Estate Appraisers(2006) SEMINAR(AI) - Scope of Work and the New USPAP Requirements(2006) SEMINAR(AI) - Energy Star and the Appraisal Process(2006) SEMINAR(AI) - Reappraising,Readdressing,and Reassigning Appraisals(2007) SEMINAR(AI) - Real Estate Fraud(2007) SEMINAR(AI) - Forecasting Revenue(2007) SEMINAR(AI) - Florida Law for Real Estate Appraisers(2007) COURSE(AI) -Business Practice and Ethics#420(2007) SEMINAR(AI) -Supervisor—Trainee Roles and Rules(2008) COURSE(AI) -7 Hour National USPAP Update#400(2008) SEMINAR(AI) -Hypothetical Conditions and Assumptions(2008) SEMINAR(AI) -Real Estate Economy(2008) SEMINAR(AI) -Public Sector Appraising(2009) SEMINAR(AI) -Inspecting the residential"green"house(2009) WEBINAR(AI) -Value for Financial Reporting(2009) SEMINAR(AI) -The Real Estate Market in 2009 SEMINAR(AI) -New Government Regulations(2009) SEMINAR(AI) -Property Tax Assessment (2010) SEMINAR(AI) -7 Hour National USPAP (2010) SEMINAR(AI) -Florida Law for Real Estate Appraisers(2010) SEMINAR(AI) -Supervisor/Trainee Roles and Rules(2010) SEMINAR(AI) -The Real Estate Market(2011) SEMINAR(AI) -Uniform Appraisal Standards for Federal Land Acquisitions-"Yellow Boob'(2011) COURSE(AI) - 15 Hour Appraisal Curriculum Overview(2011) SEMINAR(AI) -Spotlight on USPAP—Agreement for Services(2011) SEMINAR(AI) -Trial Components(2011) 67 4of4 G)EDUCATIONAL BACKGROUND(Continued) SEMINAR(AI) -Lessons from the Old Economy Working in the New(2012) SEMINAR(AI) -Appraisal Review for General Appraisals(2012) COURSE(AI) -National USPAP Update(2012) SEMINAR(AI) -Florida Law(2012) SEMINAR(AI) -Land Valuation(2012) SEMINAR(AI) -Valuation of Warehouses(2012) SEMINAR(AI) -IRS Valuation(2012) SEMINAR(AI) -Business Practices and Ethics(2012) SEMINAR(AI) -Real Estate Forecast(2013) SEMINAR(AI) -Advanced Marketability Studies(2013) SEMINAR(AI) -Developing a Supportable Worktile(2013) SEMINAR(AI) -Florida Appraisal Law(2014) SEMINAR(AI) -Liability Issues for Appraisers performing Litigation&Non-Lending Work(2014) COURSE(AI) -7 Hour National USPAP Update Course(2014) SEMINAR(AI) -Florida Law(2014) SEMINAR(AI) -New Real Estate Economy(2014) SEMINAR(AI) -Economic Engines of Miami-Date County(2015) SEMINAR(AI) -Economic Engines of Broward County(2015) SEMINAR(AI) -Tightening the Appraisal(2015) SEMINAR(AI) -Evaluating Commercial Construction(2015) SEMINAR(AI) -Drone Technology(2015) SEMINAR(AI) -Loss Prevention for Appraisers(2016) COURSE(AI) -7 Hour National USPAP Update(2016) SEMINAR(AI) -Florida Law(2016) SEMINAR(AI) -Redefining the Appraisal&Its Role in an Evolving Banking Environment(2016) H)PROFESSIONAL INVOLVEMENT Region X Representative of the Appraisal Institute 2006—2009 President of the South Florida Chapter of the Appraisal Institute-2003 First Vice-President of the South Florida Chapter of the Appraisal Institute-2002 Second Vice-President of the South Florida Chapter of the Appraisal Institute-2001 Secretary of the South Florida Chapter of the Appraisal Institute-2000 Treasurer of the South Florida Chapter of the Appraisal Institute-1999 Chair of the Education Committee of the S.Florida Chapter of the Appraisal Institute- 1995,1996,1997, 1998,2007-2016 Chair of the University Relations Committee of the South Florida Chapter of the Appraisal Institute-2006 Director of the South Florida Chapter of the Appraisal Institute 1996- 1998 Member of Region X(Florida)Ethics and Counseling Panel—Al Graduate of the Florida REALTORS Institute(GRI) Director of the Florida Association of REALTORS (FAR)-1981 Committee Member of the Florida Association of REALTORS,Education Committee 1980&1981 Chairman of the Education Committee of the Fort Lauderdale REALTORS- 1981 and 1982; Member 1978,1979,1980 Member of the Long Range Planning and Awards Committees of the Fort Lauderdale REALTORS Instructor for the Investment Division of the Fort Lauderdale REALTORS D PROFESSIONAL PUBLICATIONS&PRESENTATION Prepared and taught Mastering Real Estate Mathematics at the Fort Lauderdale Area Board of REALTORS Prepared and taught A Guide to Researching Real Estate Information in Broward County and Working Through the Basic Approaches to Market Value, Fort Lauderdale Area Board of REALTORS J) CIVIC INVOLVEMENT Member of the Navy League of the United States—Fort Lauderdale Council Lifetime Honorary Member-Florida Sheriff s Association Member of Zeta Tau Alpha Alumnae Fraternity 68 � ' T t EACH "'1",,",,CRA : ITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 9, 2021 OLD BUSINESS AGENDAITEM: 15.C. SUBJECT: MLK Jr. Boulevard Corridor Commercial Redevelopment and Affordable Multi-Family Rental Apartment Project Update SUMMARY: Since approval of the Purchase and Development Agreement in September 2019 with Centennial Management Corp (CMC) for certain properties on Martin Luther King Jr. Boulevard, the following activities have occurred: • November 2019: CMC submitted its formal application to the Florida Housing Finance Corporation's 9% Low Income Housing Tax Credit Funding Program. • January 2020: CMC's application and the MLK Jr. Boulevard Corridor Redevelopment Project drew the #1 lottery position to receive a funding award. • April 14, 2020: CMC's funding application received final award approval from the Florida Housing Finance Corporation. • May 6, 2020: CRA staff and CMC staff met via video conferencing to discuss next steps and their 4/29/20 site plan items. • June 3, 2020: Further discussion between CRA staff and CMC concerning the development of the Project's design, the residential/commercial components, financial structure and items to be presented to the CRA Board at their June 9, 2020 meeting. • July-August 2020: Discussion between CMC and City staff concerning their site plan. • September 2020: CMC's formal site plan application has been submitted for review. • October 27, 2020: Project site plan appeared before the City's Planning & Development Board • November 4, 2020: The North and South Project Site Plan Applications were approved by the City Commission (see Attachments I & 11). • March 9, 2021: CMC progress update to be given to CRA Board. Under Section 20 of the Purchase & Development Agreement between the CRA and Centennial Management Corp. (CMC), the Seller and Purchaser may enter into a separate agreement establishing terms and conditions under which Seller may provide additional funding to Purchaser for costs associated with construction, operation and maintenance of the Commercial Component of the Project (see Attachment 111). CRA staff and CMC have begun to formulate the terms and conditions of the Commercial Component Agreement to be presented to the CRA Board for consideration and approval at a future meeting. FISCAL IMPACT: Fiscal Year 2019-2020 Budget; Project Fund Line Item 02-58200-406 - Local Government Match Contribution $626,000 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach CRA Community Redevelopment Plan CRA BOARD OPTIONS: No action is required unless otherwise determined by the CRA Board. ATTACHMENTS: Description � ' T wamBt EACH _"CRA: COMMUNITY REDEVELOPMENT AGENCY CRA BOARD MEETING OF: March 9, 2021 OLD BUSINESS AGENDAITEM: 15.D. SUBJECT: CRA Economic & Business Development Grant Program Update and Consideration of Request for Additional Funding SUMMARY: The CRA's reimbursable Economic Development Grants provide 50% of the project costs in matching funding for rent and commercial property improvements. The grant programs continue to further the CRA's mission to activate vacant commercial space, assist businesses, create jobs and develop a vibrant downtown. Grant guidelines and applications can be downloaded from the CRA website www.boyntonbeachcra.com. Below is a status report of the CRA's Economic Development Grant Programs and Business Development activities for FY 2020-2021: FY 2020-2021 Budget $402,113 Grants Awarded since October 1, 2020 - $255,268 Remaining Fund Balance as of 3/4/21: $146,845 List of CRA Board approved Economic Development Program Grantees since October 1. 2020: y Ets� x411 s p Fl[ y) H. Longo Insurance 500 Gulfstream Professional Rent Associates, Inc. dba Boulevard Office Reimbursement $11,568 $1,928 Allstate Boardwalk Italian Ice & 209 N. Federal Ice Cream Property $9,269 $9,269 Creamery, LLC Highway Shop Improvement Saikrupa 1900, LLC dba 1900 N. Federal Motel Property $3,837.41 $3,837.41 Inlet Inn Motel Highway I mprovement Oak Mt. LLC dba ApexNetwork Physical 906 S. Federal Medical Rent $15,000 $3,750 Therapy Highway Office Reimbursement Rent N&D Cafes, LLC dba 512 E. Restaurant Reimbursement $71,000 $55,250 Tropical Smoothie Cafe Woolbright Road Property I mprovement Boynton Beach Office 1102 N. Federal Professional Property $50,000 $0 Condominium, LLC Highway Office Improvement 307 E. Rent Tokio, Inc. Woolbright Restaurant Reimbursement $155000 $0 Road Pending Approval March 9, 2021 Premier Medical Center 326 W. BoyntonBeach Medical Rent $11,400 $0 of Boynton Beach, LLC Boulevard Office Reimbursement 109 E. Boynton Commercial Property Raj Properties, Inc. Beach Plaza I mprovement $235057.67 $0 Boulevard AMS Acquisitions, LLC 517 NE 5th Commercial Property $215205.80 $0 Avenue Building I mprovements Loufranco Management 609 N. Federal Commercial Property $85930.40 $0 Corp Highway Building I mprovement Rent Appliance King of 622 N. Federal Reimbursement Retail $155000 $0 America, I nc. Highway Property I mprovement As a result of the CRA Board's approval of the Economic Development Grant applications at the March 9th meeting, there will be a remaining fund balance of approximately $146,000 for future applicants for the remainder of the fiscal year. CRA staff is currently working with seven pending applications seeking Board approval in April and/or May. These pending applications would require approximately $257,000 in grant funding which means the remaining budget would not be able to fulfill each application request. CRA staff has identified available funding totaling $291,253 within the Project Fund that could be reallocated to the Economic Development Grant Programs. There is $145,792 in unused funds from COVID-19 cancelled business promotional events (line item #02-58500-480) and $145,461 in the Lighting Improvements (line Item #02-58200-406). While businesses are struggling to remain open in the neighboring cities as a result of the pandemic, it is a positive sign to see that businesses within the CRA area are able to move forward with the recovery efforts in addition to the brick and mortar improvements. This is a testament to the success of the grant programs and what a effective tool it can be to provide immediate cashflow as well as long term sustainability to our local economy. CRA staff is seeking Board approval to reallocate these funds to the Economic Development Grant Programs to continue providing this assistance until the economic uncertainty of the pandemic subsides. Funding this line item will directly link the CRA's programs to its statutory mandate of eliminating slum and blight and stabilizing the tax base. New Business Tax Receipts issued in February 2021 within the CRA boundaries: �r� i�h Name `Bui�h .; �dr�; �ui�h fiyr, Banfield Pet Hospital 562 E. Woolbright Road Veterinarian Predator Marine and Service, LLC 1213 NW 4th Street Vending Machine Service FISCAL IMPACT: FY 2020 -2021 Budget, Project Fund, Line Item 02-58400-444, $402,113. Request for additional funding from: $145,792 in line item #02-58500-480 and $145,461 line Item #02-58200-406 CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: 1. Approve the reallocation of $291,253 from line items 02-58500-480 and 02-58200-406 to the Economic Development Grant Programs. 2. Do not approve the reallocation of $291,253 from line items 02-58500-480 and 02-58200- 406 to the Economic Development Grant Programs. 3. Other options as determined by the CRA Board. � ' T t EACH "'1",,",,CRA : COMMUNITY REDEVELOPMENT AGENCY CRA BOARD MEETING OF: March 9, 2021 OLD BUSINESS AGENDAITEM: 15.E. SUBJECT: Discussion of Status of Purchase and Development Agreement with Ocean One Boynton, LLC for the Ocean One Project SUMMARY: The Boynton Beach Community Redevelopment Agency ("BBCRA") entered into a Purchase and Development Agreement with Ocean One Boynton, LLC ("Developer") on January 16, 2018, for the BBCRA owned property located at 222 N. Federal Highway for the amount of $1,000. The closing and transfer of property ownership to the Developer occurred on February 24, 2018 (see Attachment 1). Under the terms of the Purchase and Development Agreement, Section 18.2 requires the Developer to commence construction of the public plaza on the CRA's parcel within 12 months of the expiration of the Commencement of Construction period which equates to January 16, 2021. The Ocean One Project received site plan approval from the City of Boynton Beach City Commission on April 17, 2017. If completed, the Project would consist of 231 multi-family residential rental units, parking structure and 8,600 (+/-) square feet of commercial space (see Attachment 11). In addition to the Purchase and Development Agreement, the BBCRA entered into a Tax Increment Revenue Funding Agreement (TIRFA) with the Developer to provide funding incentives to the Developer by sharing a percentage of future tax increment revenue generated by the completion of the Project over a period of eight (8) years (see Attachment III-IV). On January 5, 2021, the CRA received a letter from the Developer's attorney, Bonnie Miskel, notifying the Board of his desire to let the TIRFA expire on the termination date of January 16, 2021 (see Attachment V)which was acknowledged by the CRA Board at their February 9, 2021 meeting. In addition, the Developer was seeking a six (6) month extension from the Board on the commencement of construction of the public plaza as described in the Purchase and Development Agreement. At their February 9, 2021 meeting, the Board approved a six (6) month extension of this requirement for the monetary consideration of$20,000 to be paid by the Developer. As of the issuance of this agenda, CRA staff has not received a response from the Developer or the Developer's attorney regarding this issue. FISCAL IMPACT: Under the terms of the TI RFA, if completed, the percentage share of the Project's Tax Increment Revenue shall be paid to the Developer as follows: Years 1 —7, Seventy-five percent (75%) of the Pledged Project Increment Revenues; and, Year 8, Fifty percent (50%) of the Pledged Project Increment Revenues. CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: 1. Discussion and consideration concerning the terms and conditions of Section 18.2 of the Purchase and Development Agreement and the extension request made by Ocean One Boynton, LLC. ATTACHMENTS: Description D Attachment I - Purchase and Development Agreement D Attachment II - Project Description D Attachment III -Tax Increment Revenue Funding Agreement D Attachment IV -TIRFA F irst Amendment, Feb. 2020 D Attachment V -January 5, 2020 B. M iskel Letter PURCHASE AND DEVELOPMENT AGREEMENT This Purchase and Development Agreement (hereinafter "Agreement") is made and entered into as of the Effective Date (hereinafter defined), by and between BOYNTON BEACI I COMMUNITY REDEVELOPMENT AGENCY, as public agency created pursuant to Chapter 163,Part 111.ofthe Florida Statutes(hereinafter,-SELLER")and OCEAN ONE BOYNTON,LLC (hereinafter, "PURCHASE-11"), lticonsidei-atioiiofcite mutuaf covenants and agreements herein set forth,the Parfieshereto agree as follows: 1. PURCHASE AND SALUPROPERTY. SELLER agrees to sell and convey to PURCI-IASL.R, and PURCHASER agrees to purchase and acquire from SELLER. on the terms and conditions hereinafter set forth.the Property which consists of a parcel located in Palm Beach County, Florida as more particularly described as follows(hereinafter,tile -Property"): See Attached Exhibit "A." 2. PURCHASE PRICE AND PAYMENT. The Purchase Price to be paid for the Property shall be Ten Dollars($10.00),receipt of which is hereby acknowledged.The parties agree that SELLER is conveying tile Property to PURCHASER for the construction of mixed- use development as set forth in the Site Plan attached hereto as Exhibit "B." (tile "Development Project"). SELLER has complied with Section 163,380, Florida Statutes. in proceeding with tile sale of the Property to PURCI IASER. 3. QEPQSIT $).000-00.to be paid to Closing Agent as hereinafter defined within Five(5)days of the EMective Date,which shall be nonrcrundable unless otherwise provided herein, and shall be credited against Buyer's costs at closing. 4. E17FECTIVE DATE, The Effective Date of this Agreement shall be the date when the last one of the SELLER and PURCHASER has signed the Agreement. 5CLOSING. The purchase and sale transaction contemplated herein shall close within sixty (60) days from the Effective Date of this Agreement, unless extended by other provisions ofthis Agreement or by written agreement,signed by both parties.Notwithstanding the agreement, the Closing shall occur no later than one year from the Effective Data.. 6. TITLE TO BE CONVEYED. At Closing.SELLER shall convey to PURCHASER, by Special Warranty Deed in a form substantially in accordance Nvith Exhibit"C"attached hereto, and complying with the requirements of the`title Commitment (hereinafter defined), valid,good, marketable and insurable title in fee simple to the Property, free and clear orally and all liens, encumbrances, conditions, easenwnts. assessments. restrictions and other conditions except only the Following (collectively, tile "Permitted Exceptions"): (a) general real estate taxes and special assessments For the year orClosing and subsequent years not yet due and payable: (b)covenants, conditions, casements, dedications, rights-of-way and matters of record included on the Title Commitment or shmkn on the Survey(hereinafter defined),to which PURCHASER foil$to object, PURCHASE AND Dr:;VEI,.OP,\,11-'.N'I'AGREtENI Page 2 of 77 or which PURCHASER agrees to accept. pursuant to Section 7.1 and Section 7.2 hereof. 7. INVESTIGATION,017 TFIE PROPER'ry, Within thirty(30)days of tile Effective Date (-Feasibility Period"), PURCHASER and PURCHASER'S agents, employees, designees, contractors, surveyors, engineers, architects, attorneys and other consultants (collectively. "Agems"), shall have the right. at PURCHASER'S expense, to make inquiries oCand meet with members ol'Governmental Authorities regarding the Property and to enter upon the Property, w any time and From ti-ne to time with reasonable notice to SELLER and so long as said investigations do not result in a business interruption, to perform any and all physical tests, inspections, and investigations or the Property. including but not limited to Phase I and Phase 11 investigations, which PURCHASER may deem necessary. During this Feasibility Period, PURCHASER may elect, in PURCHASER'S sole and absolute discretion, to terminate this contract, If PURCHASER elects to terminate this Agreement in accordance with this Section. PURCHASER shall: (i) leave the Property in substantially(lie condition existing on (lie Effective Date; (H) to the extent practicable,shall repair and restore any damage caused to the Property by PURCHASER'S testing and investigation. and(iii) release to SELLER(without representation or warranty),at no cost.all reports and other work generated as a result Of the PURCI,IASER-S testing and investigation (other Haan proprietary information prepared solely by Purchaser). PURCHASER hereby agrees to indemnify and hold SELLER harmless from and against all claims. losses,expenses,demands and liabilities, including, but not limited to,attorney's fees, for nonpayment for services, rendered to PURCHASER (including. without limitation, any construction liens resulting thercfrorn) or for damage to persons or property arising out of PURCHASER'S investigation of the Property. PURCHASER'S. obligations under this Section shall survive the termination,expiration or Closing7-- of this Agreement. 7.1 Scllcr*s Documents. SELLER shall deliver to PURC14ASER the following documents and instruments within Five(5)days or tile Effective Date of this Agreement:copies of' any reports or studies (including, environmental, engineering. surveys, soil borings and other physical reports) in SELLER'S possession or control with respect to the physical condition orthe Property. if any. 7.2 Title Review, Within thirty (30) days of tile Effective Date ("Title Investigation Period"), PURCHASER shall obtain, at the PURCHASER'S expense. from a Title Company chosen by PURCHASER(hercinarter"Title Company"),a Title Commitment covering the Property and proposing to insure PURCHASER in an amount to be determined subject only to tile Permitted Exceptions. together with complete and legibic copies or all instruments identified as conditions or exceptions in Schedule B of tile Title Commitment. PURCHASER shall examine the Title Commitment and deliver written notice to Sf-'-I,LFR no later thin tile end of the Title Investigation Period. notifying SELLER of any objections PURCHASER has to the condition of title (hereinarter "PURCHASER'S Title Objections"). If PURCHASER fails to deliver PURCHASEWS Title Objections to SELLER within the aforesaid review period, title shall be deemed accepted subject to the conditions set forth in the Title Commitment. IrPURCI IASER timely delivers tile PURCHASER'S Title Objections. SELLER shall have thirty (30) days to attempt to cure and remove the PURCHASER'S Title Objections(hereinafter"Cure Period"), It is understood by the parties that SELLER shall have no obligation to incur costs or initiate legal proceedings to address PURCHASEWS Title Ob cctions. In the event that SELLER is unable to j PURCI IASE AND DEVELOPi\lf,'NT,\CjRl-'[,-i,IEN-r Page 3 of 77 cure and remove,or cause to be cured and removed, the PURCI,IASER'S Title Objections within tile Cure Period to the satisfaction of'PURCIASER.then PURC HA SE R, in PU RCHASE R'S sole and absolute discretion,shall have the option or(i) cx(ending the Cure Period and the Closing for one additional thirty(30)day period-or(ii)accepting the Title to the Properly as or the time of Closing or(iii)canceling and terminating this Agreement, in which case,(lie Deposit, i r any, shall be returned to PURCHASER and the Pat-ties shall have no further obligations or liability hereunder,except fior those expressly provided herein to survive termination of'this Agreement. Prior to the Closing. PURCI IASER shall have(lie right to cause the Title Company to issue an updated Title Commitment("Title Update")covering(lie Property. lFany Title Update contains any conditions which did not appear in the Title Commitment,and such items render title unmarketable, PURCI IASER shall have the right to object to such new or different conditions in writing prior to Closing. All rights and objections of the Parties with respect to objections arising from the Title Update shall be the same as objections to items appearing in the Title Commitment, subject to the provisions of this Section. T3 Survey Review. PURCHASER.at PURCHASEWS,expense, may obtain a current boundary survey(the"Survey'')ofthe Properly,indicating the number of acres comprising tile Property to the nearest 111 00th o,f an acre. I f the Survey discloses that there are encroachments on the Property or (lint improvements located on time Properly encroach on setback lines, casements, hands of'others or violate any restrictions,covenants of this Agreement. or applicable governmental regulations. [lie same shall constitute a title defect and shall be governed by tile provisions of Section 7.2 concerning title objections. 8< CONDITIONS TO CLOSING. PURCI JASER shall not be obligated to close oil the purchase of the Property unless each of the following conditions(collectively,the"Conditions to Closing*')are either fulfilled or waived by PURCHASER in writing: 8.1 Representations and Warranties. All of the representations and warranties of SELLER contained in this Agreement shall be true and correct as ol'Closing. 8.2 Condition of Property. The Property is being sold in as-is condition. 8.3 Pendigg Proceeding At Closing. there shall be no litigation or administrative agency or other governmental proceeding of'any kind whatsoever. pending or threatened, regarding the Properly.which has not been disclosed, prior to closing,and accepted by PURCHASER. 8.4 Compliance with Laws and Regulations. The Property shall be in compliance with all applicable federal. state and local laws, ordinances. rules, regulations, codes, requirements. licenses, permits and authorizations as or the date of Closing, 9. CLOSING DOCUMENTS. The SELLER shall prepare, or cause to be prepared. the Closing Documents set Cortin in this Section, except for documents prepared by the Title Company. At Closing. SELLER shall execute and deliver,or cause to be executed and delivered PUM IASL;AND ISE M-OPIVIENT AGRFEMENT Page V77 to FURCI IASER (ic following documents and instruments: 9.1 Deed, A Special Warrant),Deed (the-Deed")conveying to PURCHASER valid, good, marketable and insurable 1ec simple title to the Property firce and clear or all liens. encumbrances and other conditions or title other than [lie Permitted Exceptions. consistent with Section 6 orthis Agreement, 9.2 Seller's Affidavits. SELLER shall furnish to PURCHASER an owner's affidavit attesting that, to the best of its knowledge, no individual or entity has any claim against the Property under the applicable construction lien lalv;and that there are no parties in possession of the Property other than SELLER. SELLER shall also Jumish to PURCHASER as non-foreign affidavit with respect to tile Property. In the event SELLER is unable to deliver its affidavits referenced above or any other document reasonably required by the Title Company,the same shall be deemed an uncured Title Objection. 9.3 Closing Statement. A closing statement setting forth the Purchase Price,.all credits, adjustments and prorations between PURCHASER and SELLER. all costs and expenses to be paid at Closing,and the net proceeds due SELLER. 9.4 Corrective Documents. Documentation required to clear title to the Property of-all liens,encumbrances and exceptions, if any. other than Permitted Exceptions, 9.5 Additional Documents. Such other documents as PURCI IASER or the Title Company may reasonably request that SELLER execute and deliver, and any other documents required by this Agreement or reasonably necessary in order to close this transaction and crFectuate the terms of this Agreement. 10, PRORATIONS, CLOSING COSTS AND CLOSING PROCEDURES. 10.1 11rorations. Taxes and assessments.if any. for the Property shall be prorated through the day before Closing. Cash at Closing shall be increased or decreased as may be required by prorat ions to be made through the day prior(o Closing. Taxes shall be prorated based upon tile current year's tax with due allowance made For Maximum allowable discount, If Closing occurs at a date when tile current year*s millage is not fixed and current year's assessment is available, taxes will be prorated based upon such assessment and prior year's millage. if current year's assessment is not available, (lien taxes will be prorated on prior year's tax. A tax proration based on an estimate shall,tit request of either party. be readjusted upon receipt of tax bill, 10.2 Closing Costs. PURCHASER shall pay for documentary stamps on tile deed, recording the deed and all general closing expenses(settlement fee. courier fees,overnight packages. e(c.). Each party shall be responsible for their own attorneys* fees. The PURCHASER shall be responsible for the payment or the survey and the title insurance searches and policies, 10.3 Closina Procedure, PURCHASER shall fund the Purchase Price subject to the credits, offsets and prorations, set Forth herein. SELLER and PURCHASER (as applicable) shall execute and deliver to the Closing Agent designated by PURCHASER, the Closing PURCHASL AND DEVELOPMENTAGREENIENT Pnge 5 of 77 Documents, Tile Closing Agent shall,at Closing,deliver the Closing Documents and a"marked- up" Title Commitment to PURCHASER, and promptly thereafter, record (fie Deed and other recordable Closing Documents in ilia appropriate public records. IOA Existing MgqgMsand Other Liens. At Closing. SELLER shall obtain. or cause to be obtained, satisfaction or release of record or all mortgages, liens and judgments applicable to and encumbering the Property. 11, REPRESENTATIONS. COVENANTS AND WARRANTIES, 11.1 Seller's Representations-and Warranties. SELLER hereby represents, covenants and warrants to PURCHASER, as of(lie Effective Date and as of the Closing Date. as Follows: 11.2 Authority. The execution and delivery of this Agreement by SELLER and the consummation by SELLER of the transaction contemplated by this Agreement are within SFIA-ER'S capacity and all requisite action has been taken to make this Agreement valid and binding oil SELLER in accordance with its terms,"rhe person eXCCLIting this Agreement on behalf of SELLER has been duly authorized to act on behalf of and to bind SELLER.and this Agreement represents a valid and binding obligation ofSEI,L[--,R, 11.3 Litle. SELLER is and will be on the Closing Date,the owner of valid,good, marketable and insurable Fee simple title to the Property. free and clear of all liens.encumbrances and restrictions oFany kind.except the Permitted Exceptions(and encumbrances orrecord which Will be discharged at Closing). 12. DEFAULT. 12.1 Purchaser's PgfhUlt, In the event that this transaction fails to close solely due to PARC!IASERs refusal to close, and such failure to close is not a result of' SELLER'S default or a title/survcy defect, subject to the provisions of Paragraph 12.3 below, SELLER may terminate this Agreement and be entitled to retain the Deposit. following which neither PURCHASER nor SEI...LER shall have any further obligations or liabilities tinder this Agreement, except for those expressly provided to survive the termination of this Agreement: provided, however,that VURCFIASER shall also be responsible for the removal orany liens asserted against the Property by persons claiming by. through or under PURCHASER, The failure of PURCI IASC-R to comply with the provisions set forth in this Agreement S11311 Constitute a Default and Breach of this Agreement. 12.2 Scllcr*s Default. In the event that SELLER shall fail to fully and timely perform any of its obligations or covenants hereunder or if any of SELLER'S representations are untrue or inaccurate. then, notwithstanding anything to the contrary contained in this Agreement. PURCHASER may. at its option: (1)declare SELLER in default under this Agreement by notice delivered to SELLER, in which event PURCHASER may (i) seek an action for specific performance; or (ii) terminate this Agreement, wherein the full deposit shall be returned to PURCHASER and neither Party shall have any further rights hereunder. CON421 PURCHAsr AND DEVE 1-0111MENT AGREUNIEN1 Page 6 of 77 12.3 Notice or Default. Prior to declaring a default and exercising the remedies described herein, the non-defaulting Party shall issue a notice of default to the defaulting Party describing the even( or condition of default in sufriciem detail to enable a reasonable person to determine the action necessary to cure the defauh. The defoulting, Party shall have fifteen (15) days From delivery or itic notice during which to cure the default. provided, however, that as to n failure to close, Elie cure period shall only be three (3) Business Days from the delivery ornotice. Both parties agree (hat if an extension is requested. such extension shall not be unreasonably withlield. Ifthe default has not been cured within the aforesaid period, ilic non-defaulting Party may exercise the remedies described in this Section 12. 12A Survival. The provisions of this Section 12 shall survive the termination of this Agreement. 13. NOTICES. All notices required in this Agreement must be in writing and shall be considered delivered when received by certified mail,return receipt requested,or personal delivery to the following addresses: If to Seller: Boynton Beach Community Redevelopment Agency Interim Executive Director.Michael Simon 710 N. F cderal 1-1 ighway Boynton Beach, Florida 33435 Willi it copy to; Tara Duliy, Esq. Lewis, Longman & Walker. P.A. .5I 5 North Flagler Drive Suite 1500 West Palm Beach, Florida 33401 If to Buyer: William Morris Ocean One Boynton, LLC 777 E. Atlantic Avenue, 4'100 Delray Beach, FL 33493 Mr. Davis Carnalier 1629 K Street N.W. Suite 1200 Washington, DC 20006 Mr. Michael Ross 9804 S. Militaryl-raii Suite El I Boynton Beach. FL 33136 PURCHASE AND DEVELOPNIFNrr AGREUrvill.NT Pag,c 7 o F 7 7 With a copy to: Gary S. Dunay, Esq, Dunay, Miskel and Backman. LLP 14 SE 4"' Street,#36 Boca Raton, FL 33432 14, BINDING OBLIQATION/ASSIGNMENT. The terms and conditions or this Agreement are hereby made binding on, and shall inure to the benefit of. the successors and permitted assigns of(lie Parties hereto. This Agreement may not be assigned, sold. or otherwise transferred to any other entity without prior, written permission by the CRA, which permission shall not be unreasonably Nvithheld. 15, RISK OF LOSS. In the event the condition ofthe Property, or any part thereof, is materially altered by an act or God or other natural force beyond the control of SELLER, PURCI-IASER may elect, as its sole option,to terminate this Agreement and tile parties shall have no further obligations tinder this agreement. or PURCHASER may accept the Property without ,any reduction in the value orthe Property. 16. BROKER FEES. The Parties hereby confirm that neither of them has dealt with any broker in connection with the transaction contemplated by this Agreement, Each Party shall indemnify.defend and hold harmless the other Party firorn and against any and all claims, losses. damages,costs orexpenscs(including,without limitation,attorney's rees)ofany kind or character arising out of or resulting front any agreement,arrangement or understanding alleged to have been made by either Party or on its behalf with any broker or finder in connection with this Agreement. I-lowcvcr, SELLER'S indemnification obligations shall not exceed tile statutory limits provided within Section 7f 8.25, Florida Statutes,and CRA does not otherwise waive its sovereign immunity rights.The provisions ol'this Section shall survive Closing or termination of this Agreement, 17. ENVIRONMENTAL CONDITIONS, To the best of SELLER'S knowledge, the Property and the use and operation thereof are in compliance with all applicable county and governmental laws.ordinances.regUla(ions. licenses,permits and authorizations,including,without limitation,applicable zoning and environmental laws and regulations. In addition.SELLER has not received any notices of any violation of environmental condition or other notices of violation of municipal ordinances, M DEVELOPMENT AND SALE OF THE PROPERTY, SELLER and PURCHASER acknowledge that the Property is being sold to PURCHASER for tile sole purpose ot'developing a mixed-use project at the northeast corner of Boynton Beach Boulevard and Federal Highway. 18,1 Seiler Design Approval. The PURCHASER and SELLER acknowledge, that the SELLER has reviewed the Site Plan and finds the Site Plan acceptable and consistent with the CRA Redevelopment Plan, 18.2 Development Tinicline, The City has approved PURCHASER's Site Plan. PURCHASER agrees to diligently and continuously pursue approval of all other necessary approvals until the first building permit tins been issued for the Development Project. PURCHASE AND DEVELOPMENT AGRIA-MENT Page 8 of 77 PURCHASERagrecs to commence construction of the Development Project within two(2)years from the Effective Date of the Tax Increment Revenue Finance Agreement attached hereto as Exhibit "D," (hereinafter"Construction Commencement Period")Once tile First building permit is issued for the Development Project, PURCI-IASER agrees to diligently and continuously pursue cornpletion of construction ofthe Development Project.subject to force majeure and other matters beyond the reasonable control of PURCHASER, IrPURCHASER fails to commence construction within the timerrame set l'brth herein, PURCHASER shall be obligated to commence construction ol'a public plaza (the -Pla7a")on the Property containing benches, walkways and landscaping in accordance with Exhibit"E," attached hereto and made a part hereof by reference no later than twelve (12)months after the expiration of the Construction Commencement Period. 'File Special Warranty Deed shall include a restriction consistent with the requirements of this Section in a form substantially in accordance with Exhibit"C"attached hereto. 183 Survival, The provisions ofthis Section 18 shall survive the termination of this Agreement. 19� MISCELLANEOUS. 19.1 General. This Agreement and any amendment hereto, may be executed it any number of counterparts,cath orwhich shall be deemed to be an original and till ofwIlich shall, together. constitute one and Elie some instrument. The section and paragraph headings herein contained are ]or the purposes of identification only and shall not be considered in construing this Agreement. Reference to a Section shall be deemed to be a reference to the entire Section, unless otherwise specified. No modification or amendment or this Agreement shall be of any force or effi!ct unless in writing executed by Parties. This Agreement sets Forth the entire agreement between the Parties relating to the Property and all subject matter herein and supersedes all prior and contemporaneous negotiations, understandings and agreements, written or oral, between tile Parties. This Agreement shall be interpreted in accordance with the laws of tile State of Rod& The Parties hereby agree that jurisdiction of any litigation brought arising out of this Agreement shall be in (lie Fifteenth Judicial Circuit in and for Palm Beach County, Florida, or, should any cause of action be limited to redcral jurisdiction only, in the United States District Court for the Southern District Court of Florida. 19.2 Computation of Time. Any reference herein to time periods which are not measured in Business Days and which are less than six(6)days,shall exclude Saturdays,Sundays and legal holidays in the computation thereof. Any time period provided fior in this Agreement which ends on a Saturday, Sunday or legal holiday shall extend to 5:00 pm. on the next Ilull Business Day. Time is of Elie essence in the performance or all obligations under this Agreement. Time periods commencing with the Effective Date shall not include the Effective Date ill the calculation thereof, For purposes of this Agreement. Business Days shall mean Monday through Friday but shall exclude state and federal holidays. 19.3 Waiver. Neither(lie failure ora party to insist upon strict performance of any of Elie terms. provisions. covenants,agreements and conditions licreof. nor the acceptance of any item by a party with knowledge or a breach or this Agreement by the other party in the performance of their respective obligations hereunder, sliall be deemed a waiver of any riollts or PURCHASE AND DEVELOPMENT AGREEMENT Pap9ol-77 Z� remedies (lint a party may have or a waiver of any Subsequent breach or default in tiny Of such terms, provisions, covenants,agreements or conditions. This paragraph shall survive termination ofthis Agreement and the Closing. 19.4 Construction of Agreement. ']'he Parties to this Agreement, through counsel, have participated freely in[lie negotiation and preparation hereof.Neither this Agreement nor any amendment hereto shall be more strictly construed against any ol'the Parties. AS used in this Agreement or any amendment hereto, the masculine shall include the feminine, the singular shall include the plural, and the Plural shall include the singular. as the context may require. Provisions of this Agreement that expressly provide that they survive the Closing shall not nierge into the Dee& 19.5 Severability, If any part ol'this Agreement shall be declared unlawful or invalid,the remainder of the Agreement will continue to be binding upon the pailies so long as the rights and obligations of the Parties contained in this Agreement are not materially prejudiced and the intentions orthe Parties can continue to be achieved. To that end. this Agreement is declared severible.. The provisions of this Section shall apply to any amendment ol'this Agreement. 19.6 Handwritten Provisions. Handwritten provisions inserted in this Agreement and initiated by CRA and SELLER shall control all printed provisions in conflict therewith. 19.7 Waiver of Jury Trial, As an inducement to PURCHASER agreeing to enter into this Agreement, PURCHASER and SELLER hereby waive trial by jury in any action or proceeding brought by either party against the other party pertaining to any matter whatsoeverarising Z7 out of or in any way connected with this Agreement. 19.8 Attornevs Fees and Costs. Should it be necessary to being an action to enforce any of the provisions or this Agreement, reasonable attorneys' rees and costs, including those at the appellate level,shall be awarded to[lie prevailing party. 19.9 Binding Authority. Each party hereby represents and warrants to the other that each person executing this Agreement on behall'of the CRA and SELLER has full right and lawful authority to execute this Agreement and to bind and obligate the party ror whom or on whose behalf lie or she is signing with respect to all provisions contained in this Agreement. 19.10 Recording. This Agreement may be recorded in the Public Records of Palm Beach County. Florida. 19.12 SELLER Attorneys' Fees orad Costs. SELLER acknowledges and agrees that SELLER shall be responsible for its own attorneys* secs and all costs, if any, incurred by SELLER in connection Nvith the transaction contemplated by this Agreement. 19.13 Public Records, SELLER—is public agency subject to Chapter 119, Florida Statutes.The PURCHASER shall comply with Florida's Public Records Law.Specifically, the PURCHASER shall: 4k;N 4 PURCHASE AND DEVELOPMCNT AGREGMENT Page 10 of 77 a. Keep and rn a intain public records that ordinarily and necessarily would be required by the SF-LLER in order to perform the service-, b. Provide the public with access to such public records on the same terms and conditions that the SELLER would provide the records and at a cost that does not exceed that provided in chapter 119. Fla. Stat.,or as otherwise provided by la8%; c. Ensure that public records that are exempt or that are confidential and exempt firom public record requirements are not disclosed except as authorized by law;and cl. Meet all requirements for retaining public records and transfer to[lie SELLER,at no cost,all public records in possession or the PURCHASER upon termination of the contract and destroy any duplicate public records that arc exempt or confidential and exempt, All records stored electronically Must be provided to the SELLER in a rormal that is compatible with the inrormation technology systems of(lie SE.I.I.r.R. IF PURCHASER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE PURCHASER'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (561) 737-3256; 710 North Federal Highway, Boynton Beach, FL 33435; or BovntonBcachCRMbbbfl,us. 19,14 Right oft'irst Rerusal. a. Prior to a"Termination Event"(as del tried below)Purchaser hereby grants to Seller a right or first itfusaI to purchase the Property pursuant to the terms and conditions set lbrth in this Section 19.14("Right of First Refusal")„ (i) If Purchaser receives an orfer to purchase the Property as part of a separate and isolated transaction and not as part of an offer to purchase the Property in conjunction with any other parcel owned by Purchaser or an affiliate of Purchaser, pursuant to a written contract or letter or intent, Purchaser shall give Seller notice ol'the offler by delivering a copy of the contract or letter of intent to Seller("Notice"). (ii) Upon receipt of Notice,Sellci-slial)place the Notice on the next regularly scheduled CRA Board meeting. Within rive (5) days of the CRA Board meeting where the Notice is considered. Seller shall either waive or exercise its right of first refusal. If Seller elects to exercise its right of'first refusal.Seller shalL within ten(1 0)days alter receipt or the Notice, deliver to Purchaser an agreement to purchase the Property for ten(10)dollars and an amount equal to the cost of any improvements made to tile Property by Purchaser and upon receipt by the Purchaser of the #,, ,§, PURCHASE AND DEVELOPMENT AGRIELMENT Page I I of 77 roregoing from the Seller. Purchaser and Seller shall enter into a purchase and Sale Agreement. (iii) If Seller rails to exercise or waive its right of rirst refusal in accordance with the terms and conditions stated herein, within ten(10)days after receipt orthe Notice, (lien Seller's right of first rcrusal shall be deemed to have been waived. b. This Right or First lZerusal shall tcrminn(c upon the issuance of a certificate of occupancy, certificate of completion or other equivalent certification fior the Development project issued by (lie applicable governmental authority for improvements made to the Property (a "Termination Event"). Upon a Termination Event, this Right of First Refusal shall terminate and have no further force or effect. c. This Right of First Refusal shall only apply to an offer to purchase the Properly as a separate and isolated transaction and shall not apply to any offer received by Purchaser to purchase the Property in conjunction with any other Property owned by Purchaser or an affiliate of' Purchaser. d. Additionally.this Right of First Refusal shall not apply to: (i) a sale or transfer by nny bank. life insurance company, federal or state savings and loan association or real estate investment trust which acquires title to tile Property as a result of'owning,a mortgage upon the Properly or a portion of the Property and whether title is acquired by deed From the mortgagor or its successors in title or through foreclosure proceedings; (ii) a sale by any such institution which so acquires title; (iii) a sale or transfer of interests in the Property or to Purchaser to a partnership,joint venture or other business arrangement over which Purchaser shall retain management control or shall be a partner. member or joint venturer or other substantial interest holder; or (iv) any transfer or title to the Property or portion thereof at a duly advertised public sale with open bidding which is provided by law,such as but not limited to execute sale, foreclosure sale,j Lid ic ia I sale or(ax sale. e. The provisions of this Section 19.14 shall survive closing and delivery ofthe deed of conveyance of the Property and notice of Seller's rights hercundershall be recorded in the public records of'Palm Beach County, Florida pursuant to a Memorandum of Right of First Refusal.The Mernorandurn and[lie rights under(his paragraph shall terminate automatically and without Further action upon a Termination Event. PURCHASE AND DE"VELt1PMEN f AGM EMUNI Pao-c 12 of 77 IN WITNESS WHEREOF, the Parties have CXCCLIted this Agreement as of the Effective date. BUYER SELLER OCEAN ONE BOYNTON, LLC BOY NTON B EACI I COM M UN ITY RLDEV7E-L 'M - T AG- CY Y_' By: Print Numc: wt pa- Print Narne-, Steven B.Grant Title: 411�4_- Title: Chair Date: it Date: Witnesses: Witnesses: is e to m n rtegmsunicicncy: C PURCHASE AND DEVELOIWENT AGREEMENT Page 13 of 77 LEGAL DESCRIP'rION LOTS 1 AND 2, EXCEPT THE EAST 25-00 FEET THEREOF AND EXCEPT THE WEST 25.00 FEET THEREOF,AS SHOWN UPON THE PLAT ENTITLED"AGREEMENT PLAT ,SHOWING PROPERTY IN THE NORTHWEST QUARTER(N.W. 114)OF THE NORTHWEST QUARTER (N.W. 1/4)OF SECTION 27, TOWNSHIP 45 SOUTH,RANGE 43 EAST, IN THE TOWN OF BOYNTON BEACH, FLORIDA,WHICH PLAT IS RECORDED IN THE OFFICE OF THE CLERK OF THE CIRCUIT COURT IN AND FOR PALM BEACH COUNTY,FLORIDA, IN PLAT BOOK 10,PAGE 2;LESS RIGHT OF WAY CONVEYED TO THE STATE OF FLORIDA,AS MORE PARTICULARLY DESCRIBED IN OFFICIAL RECORD BOOK 564, PAGE 160,PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA;SAID LANDS SITUATE LYING AND BEING IN PALM BEACH COUNTY,FLORIDA, SUBJECT TO RESTRICTIONS,RESERVATIONS,EASEMENTS AND COVENANTS OF RECORD,IF ANY, TO THE EXTENT THAT SAME ARE VALID AND ENFORCEABLE, DESCRIPTION:(TAKEN FROM SPECIAL WARRANTY DEED DATED OCTOBER 3, 1964 IN OFFICIAL RECORD BOOK 564, PAGE 180) LOTS I AND 2,AGREEMENT PLAT,ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 10 AT PAGE 2 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA:BEING ALSO DESCRIBED AS LOTS I AND 2,FUNK BROS.ADDITION PER PLAT BOOK 2,PAGE 13;WHICH LIES WITHIN 50.00 FEET EASTERLY OF THE WEST LINE OF SECTION 27,TOWNSHIP 45 SOUTH,RANGE 43 EAST; AND THAT PART OF THE AFOREMENTIONED LOT 1 OF AGREEMENT PLAT,WHICH IS INCLUDED IN THE EXTERNAL AREA FORMED BY A 12 FOOT RADIUS ARE TANGENT TO THE NORTH LINE OF SAID LOT (BEING 15,00 FEET SOUTH OF AND PARALLEL TO THE NORTH LINE OF SAID SECTION 27),AND TANGENT TO A LINE 50.00 FEET EAST OF AND PARALLEL TO THE WEST LINE OF SAID SECTION 27. SUBJECT TO THE EXISTING RIGHT-OF-WAY FOR STATE ROAD 5;SAID PARTS CONTAINING 0.062 OF AN ACRE,MORE OR LESS. AND LESS AND EXCEPT ADDITIONAL ROAD RIGHT OF WAY FOR N.E.2ND AVENUE,MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF LOT 1,AGREEMENT PLAT,ACCORDING TO THE PLAT THEREOF,AS RECORDED IN PLAT BOOK 10,PAGE 2 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA:THENCE RUN SOUTH 89 DEGREES 45'09'EAST ALONG THE NORTH LINE OF SAID LOT 1,A DISTANCE OF 37,28 FEET TO A POINT ON THE SOUTH RIGHT OF WAY UNE OF N.E. 2ND AVENUE AS NOW LAID OUT AND THE POINT OF BEGINNING;THENCE CONTINUE SOUTH 89 DEGREES 45'09- EAST ALONG SAID SOUTH RIGHT OF WAY LINE AND ALONG THE NORTH LINE OF PURCI IASE AND DEVELOPMENTAGRFEMENT Page 14 of 77 LOT 1,A DISTANCE OF 254.12 FEET TO A POINT ON THE WEST RIGHT OF WAY LINE OF N.E.6TH COURT AS NOW LAID OUT;THENCE RUN SOUTH 01 DEGREES 23'W EAST,ALONG SAID WEST RIGHT OF WAY LINE,A DISTANCE OF 54.89 FEET TO A POINT OF CURVATURE,CONCAVE TO THE NORTHWEST SAID CURVE HAVING A RADIAL BEARING OF SOUTH 88 DEGREES 36, 94°WEST; THENCE RUN ALONG THE ARC OF SAID CURVE TO THE LEFT A DISTANCE OF 40.02 FEET TO THE POINT OF TANGENT, SAID CURVE HAVING A RADIUS OF 25-00 FEET,A CENTRAL ANGLE OF 91 DEGREES 42'50',A CHORD BEARING OF NORTH 47 DEGREES 15'21"WEST AND A CHORD DISTANCE OF 35.88 FEET:THENCE RUN SOUTH 66 DEGREES 53' 14'WEST,A DISTANCE OF 41,94 FEET TO A POINT;THENCE RUN NORTH 76 DEGREES 26'58'WEST,A DISTANCE OF 50,34 FEET; THENCE RUN NORTH 89 DEGREES 45'09' WEST, A DISTANCE OF 129.70 FEET TO A POINT OF CURVATURE CONCAVE TO THE SOUTHWEST THENCE RUN ALONG THE ARC OF SAID CURVE TO THE LEFT A DISTANCE OF 31.87 FEET TO A POINT ON THE EAST RIGHT OF WAY LINE OF STATE ROAD NO.5(FEDERAL HIGHWAY)AS NOW LAID OUT;SAID CURVE HAVING A RADIUS OF 20.00 FEET, A CENTRAL ANGLE OF 91 DEGREES 17'55',A CHORD BEARING OF SOUTH 44 DEGREES 35-53'WEST AND A CHORD DISTANCE OF 28.60 FEET,THENCE RUN NORTH 01 DEGREES 03'04'WEST ALONG SAID EAST RIGHT OF WAY LINE A DISTANCE OF 29.69 FEET TO A POINT OF CURVATURE TO THE NORTHEAST;THENCE RUN ALONG THE ARC OF SAID CURVE TO THE RIGHT A DISTANCE OF 19.12 FEET TO THE POINT OF BEGINNING, SAID CURVE HAVING A RADIUS OF 12.00 FEET,A CENTRAL ANGLE OF 91 DEGREES 17-55',A CHORD BEARING OF NORTH 44 DEGREES 36 54- EAST AND A CHORD DISTANCE OF 17,16 FEET, PURCHASE AND DEVELOPMENT AGRE�EMENT Page 15 Df 77 SCI I I B 11'*,B*' DEVELOPMENTPROJECTSITS, PLAN P(JRCJ JASE AND DEVELOPNILN- TAGREENIENT Page 16 of 77 4W-4 US JVGHWAY 16 t tip k I oil _71 Q +— i­ r iTi .11 .,.;1 lot NAN "Rikii 6&w- PIP Ocean One COHEN -FREEDMAN-EN SA ASSOC U R FEMUL HOWAY.BOYNTM WEACK FL Architmis, PA *w xw.a"s� u&mw Lautrmew %" sa rw PURCI IASL AND DEVELOPMEN FAGREEMENT Page 17 of 71 EXIIIBII"'C'* SPECIAL WARRANTY DEED PURCHASE AND DEVELOPMENI'AGREEMENT Page 18 of 77 RECORD& RETURN TO; Gary S. Dunay, Esq. DLmay, Miskel and Backman. LLP 14 SEW`Street,#36 Boca Raton, FL 33432 Property Control No. SPECIAL WARRANTY DEED This Indenture, made this day of Between Boynton Beach Community Development Agency, a public agency created pursuant to Chapter 163.Part fit ofthe Florida Statutes.having,a mailing address of 710 N.Federal Highway. Boynton Beach. FL 33432, Grantor and a , having a mailing address of 1629 K Street. NW Suite 1200. Washington, DC 20006 .Grantee, WI'f`Nl';SSETl 1, that the Grantor for and in consideration of the surn oCTEN DOLLARS 10,00)and other good and valuable consideration to Grantor in]land paid by Grantee,the receipt whereof is hereby acknowledged. has granted, bargained and sold to the said Grantee and Grantee's heirs, successors and assigns forever, tile Following described land, situate, lying and being in the County of Patin Beach, State or Florida(tile-Property"),to wit: SISI~ EX1IIBIT'*A"ATfACIIE'D HERETO The Property conveyed herein is subject to the following0 restriction: The Property set forth on Exhibit"A"sli all be included with the adjacent property already owned by Grantee as referenced on Exhibit-B"and together are hereinafter collectively referred to as the "Project." Grantee has received approval from the City of Boynton Beach for the site plan. attached hereto as Exhibit '°C," (hereinafter (lie "Project") and shall diligently and continuously undertake commercially reasonable efforts to obtain all necessary approvals for the Project from the City of Boynton Beach. Florida. Grantee shall commence construction for the development or tile Prcjcct 'within twenty-Four (24) months from the Effective Date of`the Tax Increment Revenue Funding Agreement attached hereto as Exhibit -D." (the "Construction ? Commencement Period"). For purposes of this Special Warranty Deed. the term "commence construction"'shall mean obtaining an official permit in hand for any of the construction activities contained herein and beginning to actually demolish.excavate or prepare tile site for development of the applicable phase of the Project in accordance with the City Code and continuing until completion of construction of tile Project or Phase ol'the Project as applicable in accordance with the Florida Building Code. PURCHASE AND DI"I'VFLOPNIFNI AGREOVILN"I' Page 19 of 77 In the event Grantee flails to commence construction for the development of[lie Project as provided for above, Grantee shall be obligated to commence construction of public plaza (the "Plaza") on the Property containing benches, walkways, landscaping, irrigation and lighting in accordance with the provisions of Exhibit "E. Notwithstanding the foregoing, ifal any time therenfiter, Grantee commences construction or the Project in accordance with the site plan approved by (lie City of Boynton Beach.. Grantee may abandon construction of. or demolish the construction of the Plaza in order to construct the Project. Once the Project has been substantially completed. this restriction shall terminate and be of no further force or effect. TOGETI IEE with all tenements.hereditaments and appurtenances thereto belonging or in anywise appertaining. TO I JAVE AND TO HOLD the same in fee simple rorever. AND the Grantor hereby covenants Nvilb said Grantee that Grantor is lawliully seized of said land in fee simple; that Grantor has good right and lawful authority to sell and convey said land;that Grantor hereby fully warrants the title to said land and will defend the same against the lawful claims oral) persons claiming by,through or under Grantor. IN WITNESS WHEREOF,the Grantor has hereunto set his hand and seal the day Lind year I irst above written. Signcd, scaled and delivered in the presence of', Boynton Beach Community Development Agency By: Witness#1 Signature Name: Title: Witness 41 Printed Name Witness#2 Signature Witness#2 Printed Name PURCI IASE AND DEVELMMEN YAGRUMENT Page 20 of 77 STATE OF FLORIDA COUNTY OF PALM BI ACI I The roregoing instrument was acknowledged before me this day of by as of Hoynlon Beach Community Development -Agency' who is personally known to me or who produced a driver's license as identification, Notary Public PURCHASE AND DEVULOPINIENT AGREEMENT Page 21 of 7r SPECIAL WARRANTY DEED EXHIBIT"A" LEGAL DESCRIPTION OF PROPERTY LOTS 1 AND 2, EXCEPT THE EAST 25.00 FEET THEREOF AND EXCEPT THE WEST 25.00 FEET THEREOF,AS SHOWN UPON THE FLAT ENTITLED"AGREEMENT PLAT',SHOWING PROPERTY IN THE NORTHWEST QUARTER (N.W. 114) OF THE NORTHWEST QUARTER (N.W. 114) OF SECTION 27, TOWNSHIP 45 SOUTH, RANGE 43 EAST, IN THE TOWN OF BOYNTON BEACH, FLORIDA,WHICH PLAT IS RECORDED IN THE OFFICE OF THE CLERIC OF THE CIRCUIT COURT IN RNLI FOR PALM BEACH COUNTY, FLORIDA, IN PLAT BOOK 10,PAGE 2; LESS RIGHT OF WAY CONVEYED TO THE STATE OF FLORIDA,AS MORE PARTICULARLY DESCRIBED IN OFFICIAL RECORD BOOK 564, PAGE 180, PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA„ SAID LANDS SITUATE LYING AND BEING IN PALM BEACH COUNTY, FLORIDA. SUBJECT TO RESTRICTIONS,RESERVATIONS, EASEMENTS AND COVENANTS OF RECORD, IF ANY, TO THE EXTENT THAT SAME ARE VALID,AND ENFORCEABLE. DESCRIPTION: (TAKEN FROM SPECIAL WARRANTY DEED DATED OCTOBER 3, 1960 IN OFFICIAL RECORD BOOK 564, PAGE 180) LOTS 1 AND 2, AGREEMENT PLAT, ACCORDING TO THE PLAT THEREOF AS RECORDED IN FLAT BOOK 10 AT PAGE 2 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA; BEING ALSO DESCRIBED AS LOTS 1 AND 2, FUNK.BROS.ADDITION PER PLAT BOOK 2, PAGE 13;WHICH LIES WITHIN 59.90 FEET EASTERLY OF THE WEST LINE OF SECTION 27,TOWNSHIP 45 SOUTH RANGE 43 EAST; AND THAT PART OF THE AFOREMENTIONED LOT 1 OF AGREEMENT PLAT,WHICH IS INCLUDED IN THE EXTERNAL AREA FORMED BY A 12 FOOT RADIUS ARE TANGENT TO THE NORTH LINE OF SAID LOT (BEING 15.00 FEET SOUTH OF AND PARALLEL TO THE NORTH LINE OF SAID SECTION 7), AND TANGENT TO A LINE 50.00 FEET EAST OF AND PARALLEL TO THE WEST LINE OF SAID SECTION 27. SUBJECT TO THE EXISTING RIGHT-OF-WAY FOR STATE ROAD 5; SAID PARTS CONTAINING 0.062 OF AN ACRE, MORE OR LESS. AND LESS AND EXCEPT ADDITIONAL ROAD RIGHT OF WAY FOR N.E. 2ND AVENUE, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF LOT 1,AGREEMENT PLAT,ACCORDING TO THE PLAT THEREOF,AS RECORDED IN PLAT BOOK 10,PAGE 2 OF THE PUBLIC RECORDS OF PALMI BEACH COUNTY, FLORIDA:THENCE RUN SOUTH 89 DEGREES 45'09"EASTLONG THE NORTH LINE OF SAID LOT 1, A DISTANCE OF 37.28 FEET TO A POINT ON THE SOUTH RIGHT PURCHASE:AND DEVELOPMENT OPMENT AGR[:EA ENT Tugs 22 of 77 OF WAY LINE OF N.E. 2ND AVENUE AS NOW LAID OUT AND TIME POINT OF BEGINNING; THENCE CONTINUE SOUTH 69 DEGREES 45' 09" EAST ALONG SAID SOUTH RIGHT OF WAY LINE AND ALONG THE NORTH LIFE OF LOT 11 A DISTANCE OF 254.12 FEET TO A POINT ON THE WEST RIGHT OF WAY LINE OF N.E.6TH COURT AS NOW LAID OUT,THENCE RUN SOUTH 01 DEGREES 23' 55" EAST, ALONG SAID WEST RIGHT OF WAY LINE, A DISTANCE OF K89 FEET TO A POINT OF CURVATURE, CONCAVE TO THE NORTHWEST SAID CURVE HAVING A RADIAL BEARING OF SOUTH 88 DEGREES 36' 04`WEST, THENCE RUNT ALONG THE ARC OF SAID CURVE TO THE LEFT A DISTANCE OF 40.02 FEET TO THE POINT OF TANGENT, SAID CURVE HAVING A RADIUS OF 25.00 FEET, A CENTRAL ANGLE OF 91 DEGREES 42' 50", A CHORD BEARING OF NORTH 47 DEGREES 15' 21" WEST AND A CHORD DISTANCE OF 35.88 FEET; THENCE RUN SOUTH 86 DEGREES 53' 14' WEST, A DISTANCE OF 41.94 FEET TO POINT,THENCE RUN NORTH 76 DEGREES 26'58'WEST,A DISTANCE OF 50,34 FEET;THENCE RUN {NORTH 89 DEGREES 45' 09" WEST, A DISTANCE OF 129.79 FEET TO A POINT OF CURVATURE CONCAVE TO THE SOUTHWEST;THENCE RUIN ALONG THE ARC OF SAID CURVE TO THE LEFT A DISTANCE OF 31.87 FEET TO A POINT ON THE EAST DIGHT OF WAY LIME OF STATE ROAD NO. 5 (FEDERAL HIGHWAY)AS NOW LAID OUT;SAID CURVE HAVING A RADIUS OF 29.60 FEET, A CENTRAL ANGLE OF 91 DEGREES 17' 55%A CHORD BEARING OF SOUTH 44 DEGREES 35' 53" WEST AND A CHORD DISTANCE OF 28.60 FEET; THENCE RUN NORTH 61 DEGREES 03'04"WEST ALONG SAID EAST RIGHT OF WAY LINE A DISTANCE OF 29.69 FEET TO A POINT OF CURVATURE TO THE NORTHEAST, THENCE RUN ALONG THE ARC OF SAID CURVE TO THE RIGHT A DISTANCE OF 19.12 FEET TO THE POINT OF BEGINNING,SAID CURVE HAVING A RADIUS OF 12.00 DEET, A CENTRAL ANGLE OF 91 DEGREES 17' 55", A CHORD BEARING OF NORTH 44 DEGREES 35' 54" EAST AND A CHORD DISTANCE OF 17.16 FEET. o'+X. rA i PURCH j1S17 AND DIWFLOPMENT AGREEMENT Pap 23 of 77 SPECIAL WARRANTY DEED EXHIBIT"B" GRANTEE'S EXISTING PROPERTY Lot 4 1.DEWEY*S SUBDIVISION,according to the Plat thereof.as recorded in Plat Book 1, at Plage 37, of'the Public Records of Palm Beach County. Florida, less and except tile East 25 feet and less and except that part lying within 50 feet of the West line of Section 27,Township 45 South,Range 43 East, Palm Beach County,Florida,and Further less and except that part lying within 45 feet of the center line of'State Road 804 and also lurther less and except that part included in the external area of a 10 foot radius arc which is tangent to a line parallel to and 25 reel West of the East line or Lot 41 and to a fine parallel to and 45 lett North ol'the center line of State Road 804; said lands situate. lying and being in Palm Beach County, Florida. Lots 3 through G. inclusive, FUNK BROTHERS ADDITION. according to [lie Plat thereof, as recorded in Plat Book 2. at Page 13. of the Public Records of'Palm Beach County, Florida, less and except the East 25 reel and the West 50 1'ect thereof, for Road Rights of Way; said lands situate, lying and being in Palm Beach County, Florida. ill accordance with Agreement Plat(Plat Book 10, Page 2), PURCHASE AND DEVELOPMENTAGREEMLN1 Page 24 of 77 SPECIAL WARRANTY DEED EXHIBIT"Cj$ PROJECT SITE PLAN PURCI 1ASE AND DEVELOPMENT ACR[:liMEN f Page 25 or77 us W"Ay 1b I F Ylt p Mij I x I � off of t OF R'G 9"IA 377 I I 1 > COHEN-FREEDMAN•ENCINOSA & ASSOC I Ocean fine na 1t HOMAY. FL Arcb!W4 PA x Uft wm uuali cat PURCHASE AND DLVELOPMENT AGREEMENT Page 26 of 77 SPECIAL WARRANTY DEED EXHIBIT"D" TAX INCREMENT REVENUE FINANCE AGREEMENT PURCHASE AND DEVELOPMENTAGREMENT Page 27 of 77 TAX INCREMENT REVENUE FUNDING AGREEMENT This Tax Increment Revenue Funding Agreement (hereinafter*'Agreement") entered into as ofthe_day of .2 0 17, by and between: BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163, Part Ill of the Florida Statutes,(hereinafter referred to as -CRA"). with a business address of 7 10 North Federal Highway, Boynton Beach, Florida 33435, and OCEAN ONE BOYNTON, LLC, a Florida limited liability company, with a business address of c/o Washington Real Estate Partners, LLC, 9804 South Military Trail. Suite F-I I Boynton Beach, FI, 33436(hereinafter referred to as the"Developer"), RECITALS WHEREAS, Developer intends to construct the Project which will include a minimum of 231 multi-family units with related amenities and approximately 8,575 square feet of commercial space as depicted in the Site Plan attached hereto as Exhibit "A," (hereinafter referred to as the -Project"): and WHEREAS, the CRA has determined that the Project Furthers the Boynton Beach Community Redevelopment Plan-,and WHEREAS. Developer has the knowledge, ability, skill. and resources to ellectuate tile construction and development of the Project:and WHEREAS, the CRA has determined that a public-private partnership in which the CRA provides Tax Increment Revenue Funding for the Project will further the goals and objectives of the Community Redevelopment Plan; NOW THERIEFORE, in consideration of the mutual covenants and promises set lbrth herein,the sufficiency of which both Parties hereby ackno\vledge, the Panics Agree as rollows: Section 1. Incorporation. The recitals above and all other information above are hereby incorporated herein as if fully set forth. Section 2. Definitions. As used in this Agreement, the following terms shall have the following meanings, which shall apply to words in both the singular and plural forms of such words: 2.1, "Base Year" mean the base year for determining Tax Increment Revenue from the Project, PURCHASE AND DEVELO—HINT AGREEMr-Wr Page 28 of 77 2.2 "Benchmarks" shall be (fie various percentage thresholds of occupancy of (fie 8,575 commercial/retail space for any year of the Phase I Term as set lbrill in Paragraph 5.1.6. 2.3 "Certificate of Occupancy" means tile certificate issued by the City pursuant to the City of Boynton Beach Building and Zoning Code indicating that a building or structure complies with all applicable City of Boynton Beach Building and Zoning Code requirements and that tile same may be used for(tic purposes stated therein. 2.4. "City" means the City of Boynton Beach, Florida. 2.5. "Commencement of Construction" or "Commence Construction" means obtaining an official permit in ]land for any of the construction activities contained herein and beginning to actually dernolisli. excavate or prepare the site for development of the applicable phase or (lie Project in accordance with tile City Code and continuing until completion of' construction of the [,'reject or Phase or the Project as applicable in accordance with the rJorida Building Code. 2.6 "Community Outreach Partner" means the for-profit or non-prafit group or organization selected by Developer with %vliom Developer shall coordinate on tile issues and obligations in this Agreement pertaining to employment of City residents and jobs for Locally Owned Small Businesses. 2.7 "Contractor" means a general contractor, a Subcontractor or any other business entering into a contract with the Developer related to the construction of the Project or part thereof`. 2.8 "Effective Date" shall mean the date the last party to this Agreement executes this Agreement. 2.9 "Cood Faith Effort" is considered to have been made when the respective parties have used reasonable means to comply with the associated directives and/or provisions set Forth in this Agreement. 2.10 "Grey Shell" means an unfinished interior. lacking heating, ventilating, air conditioning, lighting. plumbing, ceilings. elevators, interior walls, etc. and ready for tenant improvements. 2.11 "Locally Owned Small Businesses" means any business that is wholly owned by individuals Nvho reside in the City. If a business is owned by a corporation, then the corporation most be wholly owned by individuals who reside in the City. 11'(lie business is owned by a partnership or limited liability company,then at least 20%of its partners or members must reside in the City. 2.12 "Minimum Living Wage" means the hourly rate that an individual must earn to support h i 'as or tier Irn i ly if they are tile Sole provider and are working full time(2,080 hours per year) in accordance with Palm Beach County Code Chapter 2. Article IV. Division 3 (the Palm Beach County Living Wage Ordinance).as amended, PURCHASE AND DEVrLOPNIFNT AGREE MENET Page 29 of 77 2.13 "Notionally Recognized High Performance Green Building Rating System" rneans any one of the following: the Florida GrQcn Building Coalition (FGBC) Standards, tile Green Building Initiative's (GBI) Green Globe rating system, tile United States Green Building Council (USGBC) Leadcrship in Energy and Environmental Design (LEED) Standards, or the National Association of Homebuilders(NA 1,113)National Green Building Standards(NGBS), 2.14 "Pledged Project Increment Revenue" means an amount calculated by Multiplying Tax Increment Revenue rrom the applicable phase or the Project by Agreed upon percentage factor as provided for in this Agreement. 2.15 "Property" means the property subject to this Agreernent upon which the Project Z� shall be developed as more particularly described in Exhibit"B," hereto. 2.16 "Site Platt" shall mean the approved Site Plan attached hereto as Exhibit "A." approved by(lie City of Boynton Beach, file # NWSP 16-002, Section 3. Developer's Obligations-and Covenants. 3.1 Construction of the Project. Developer agrees to Commence Construction of the Project within two (2)years orthe Fifrective Date ofthis Agreement. 3.1.1 The Project shall conform to the Site Plan and shall include the following, which shall hereinafter be referred to as Thase I Irnprovements:": It. Developer shall construct a minimum of 231 multi-family residential units with related amenities. b, Developer shall construct a minimum of 8,575 square feet of commercial/retail space; C. Developer shall construct [larking Improvements,conceptually depicted on Exhibit"C,"hereto, consisting,at a minimum of Fifty(50)public parking spaces ("Public Parking") that shall be restricted for public use and that shall not be available to the Phase I residential units. The Parking Improvements may consist ofstructured parking, surface parking. valet parking, mechanical parking. shared parking or any other means as allowed under local city ordinance.Upon completion of the Public Parking. Developer and the CRA shall enter into a Parking Management Agreement to establish the maintenance responsibilities of the CRA for the Public Parking. If a Parking Management Agreement is not negotiated and executed by the Parties within one year of the completion of construction of the Public Parking. either party may request binding arbitration to complete the terms or the Agreement. d. Construction of the multi-fiarnily residential units for the Project shall be in compliance with,qualify for and receive Florida Green Building Certification. PURCHASF AND DEVELOPIMENT AGREEMENT Pale 30 of 77 C. Prior to and during[lie construction of the Project, the Developer shall a I-lire a job placement consultant during the construction period of this Agreement; 0 1-lost a job fair; 0 Give priority to Contractors that are Locally Owned Small Businesses to participate in the construction of Phase I of the Project: 0 Include in all contracts with Contractors requirements that the Contractors use Good Faith EHforts to hire and train City residents to participate in the construction of Phase I ofthe Project; a Provide a list of job positions and descriptions to the Community Outreach Partner and agree to give priority to qualified job applicants referred by the Community Outreach Partner to participate in(lie construction orl'base I of the Project; a Use Good Faith Efrorts to offer permanent job positions resulting frown Phase I ofthe Project to quaJiFied City residents: a Notiry and refer jab training rind job placement opportunities to the Boynton Beach Community High School and South Tech Academy in Boynton Beach in the event each are able and willing to provide such training;and 0 Pay or cause to be paid new hires in all permanent positions residing%Othin the City a minimum ofthe Living Wage. Section 4. Annual 11erformance Report, Developer shall annually provide the CRA with all Annual Performance Report rear the Project indicating the status ai'Developer's compliance with the requirements of this Agreement as set forth in Sections 3 and 5 of this Agreement and evidencing that Developer has paid all property taxes for the Property for the preceding year.Such report must be submitted to the CRA no later than the]as( day or April for the preceding year in a farm substantially in accordance with the torn attached hereto as Exhibit"D." Section i. Certification Requirements. 5.1 As a condition precedent to its receipt oCany P[edged Project Increment Revenue pursuant to[his Agreement: 5.1.1 Developer must have taken all steps necessary to divide the Property into two separate parcels such that the Phase I Property and the Phase 11 Property have been assigned individual Parcel Control Numbers by the Palm Beach County 11'ropeny Appraiser PURCHASE AND DEMLOPMENT AMLL-NU ' Page 31 or77 and these Parec] Control Numbers have been placed on the Palm Beach County tax rolls and assigned taxable Value prior to the Base Year for each Phase; and 5.1.2 Developer must have timely provided its Annual Performance Report providing evidence of compliance with the requirements of this Agreement as set forth below and evidencing that Developer has paid all property taxes for (lie preceding year; and S.1.3 Upon receipt of the Annual Perl'ormanec Report. 2. the CRA shall review and approve the Annual Performance Report at the next available CRA meeting as meeting the requirements in Section 4 above and certifying Developer's compliance with all conditions precedent for receiving Pledged Increment Revenue fetor that Phase 1, which approval shall not be unreasonably withheld - 5.1.4 The CRA [ins received Tax Increment Revenues from the completed Phase I Improvements subsequent to the Base Year;and 5.1.5 Developer shall not be entitled to any Pledged Project Increment Revenue payments i F the Developer fins flai led to meet its obligations under this Agreement or is otherwise in dcl'ault under the terms of this Agreement and has flailed to sufficiently cure the default as provided For herein after appropriate notice of such default has been given. There is no obligation by the CRA to disburse the Direct Incentive Funding during any cure period or in the event the Developer is in default of this Agreement so long as,once a default is cured. Developershall continue to receive their Direct Incentive Fundin- for the Project up to the Pledged Project Increment Revenue and any time periods for performance hereunder shall be extended for the same period oftime needed to cure the default, 5.1.6 Should Developer fail to meet the Benchmarks set below regarding occupancy of 8,575 square feet or commercial/retai) space (the "Commercial/Retail Space") for any year of the Phase I Tenn,Developer's percentage of the Pledged Increment Revenue to be paid to Developer shall be reduced by 10%Ibr that year of Phase I Term. a. Developer Must certify that 25%of the Coin mercial/Retai I Space has been occupied by commercial/retail tenants by at least the third year orthe Phase I Term as defined herein. Once the 2S% threshold is obtained, whether it be in the First, second or third year, the threshold shall be deemed satisfied forever,even if in the future the actual amount occupied thereafter is less than?5%. Accordingly,as long as Developer did not default under any commercial lease and continues in good faith to re-market the property for lease, once the 25% threshold is achieved, Developer shall be entitled to the Pledged Increment Revenue for the year in which the 25% threshold is achieved and each year (hereafter during (lie Phase I Term unless a greater Benchmark is achieved. b. Developer must certify that 50%of the Commercial/Retail Spacc has been occupied by commerciallretaill tenants by at least the sixth year ol-the Phase I Term as defined herein. Once the 50% threshold is obtained, whether it be in any year PURCHASE AND DEVELOPMENTAGREEMENT Page 32 of 77 prior to the end of the sixth year or the Phasc I Term,Elie threshold shall be deemed satisfied forever,even if in the future the actual amount occupied thereafter is less Haan 50%,Accordingly.as long as Developerdid notdchiult underany commercial lease and continues in good faith to re-market the property for lease,once the 50% threshold is satisfied,Developer shall be entitled to[tic Pledged Increment Revenue for(lie year in which the 50%threshold is achieved and each year thereafter during the Phase I Term unless a greater Benchmark is achieved;and c. Developer must certify that 70%of the Commercial/Retail Space has been occupied by the commercial/retail tenants by at least the eighth year of the Phase I Term as defined herein. Once tile 70%threshold is obtained, whether it be in ally year prior to the end of the eighth year of thy: Phase I Term, the threshold shall be deemed satisfied forever,even ifin tile future Elie actual amount occupied thereafter is less than 70%, Accordingly, as long as Developer did not default under any commercial lease and continues in good faith to re-market the property for lease, once satisfied, Developer shall be entitled to the Pledged Increment Revenue for year in which the 70% threshold is achieved and each year thereafter during the Phase I Term. 5.2 Certification. 5.2,1 Dcvclol)ei-shall certify in its Annual Performance Report that it has met its obligation under Section 3.1.1 a. and 3.1.Lb. or this Agreement by providing a Certificate of Occupancy for all residential components of [lie Phase I Improvements and Certificate of Completion for all nonresidential components of the Phase I Improvements rrom the City of Boynton Beach indicating the 100 percent completion of all Phase I Improvements and demonstrating that the taxable value of all Phase I improvements have been placed on the Palm Beach County tax rolls for the Phase I Property. 5.2.2 Developer shall certify in its Annual Performance Report that it has rnet, its obligation under Section 3.).Lc or this Agreement by demonstrating, that it has constructed the Public Parking and by documenting signage and other means by which these Public Parking spaces are clearly reserved for use by the public and excluded from use by multifamily and commercial units that are part of the Project. 5.2.3 Developer shall confirm in its Annual Performance Report that it has met its obligation under Section 3.1.I.d of this Agreement by providing proof of receipt of rlorida Green Building Certification. 5.2.4 Developer shall certify in its Annual Performance Report that it has met its obligation tinder Section 3.1.l.c orthis Agreement by: a. Demonstrating that it hired and utilized the services of a Job placement consultant and by reporting the job placement consultant's activities during construction of Phase I of the Project: b, Demonstrating that it held as jub I'air; and PURCHASE AND DEVELOPNICNI AGRETAIENT Page 33 of 77 C. Requiring all Contractors covered by the terms ol'this Agreement to provide annual copies of its records.reports or any other information necessary to monitor compliance with the provisions of Section 3.1,1 e of this Agreement and require all Contractors to submit annual payrolls to tile Developer that include the following information pertaining to all Locally Owned Small Business hired to work on or for Phase I ofthe Project: name, address and the number of hours worked for the period.until a Certificate of Occupancy is issued for at least 90%of the residential units of Phase I of the Project. Section 6. Pledged Project Increment Revenue. 6.1 Formula and Term. 6.1.1 The amount of' the Pledged Project Increment Revenue to be paid Developer pursuant to this Agreement is based on the rol lowing formula: a. Developer shall receive Pledged Project Increment Revenue for Phase I Improvements for a term of eight (8) consecutive years. beginning (lie year Developer demonstrates it has met all conditions precedent to receiving Pledged Project Increment Revenue as provided in Sections 3, 4, and 5 of this Agreement for the Project and upon final certification of tax assessments within the CRA District by the Palm Beach County Property Appraiser for the preceding year (hereinafter the '*Phase I Term'"). The amount or Pledged Project Increment Revenue due to Developer during the Phase I Term sliall be determined pursuant to the following formula: For Years I — 7 of the Phase I Term, Developer shall receive Seventy-five percent(75%)of the Pledged Project Increment Revenues actually received by the CRA; and For Year 8 of the Please I Tenon,Developer shall receive Fi 11ty percent(50%) of the Pledged Project Increment Revenues actually received by the CRA. b, The Base Year for determining Tax Increment Revenue from the Project shall be as follows: For the Phase I Term,the year prior to commencement of construction of Phase I Improvements on the Property, 6.2 No Prior Pledge or Pledged Project Increment Revenues. 'ne CRA warrants and represents that the Pledged Project Increment Revenues are not the subject of any prior pledge by the CRA and agrees that such revenues shall not be assigned,pledged, hypothecated or secured by the CRA car the period covered by term of this Agreement. PURCUIASL AND DEVELOPNIENTAGREBIENT 11fige 34 of 77 6.3 Form of Payment. Payment of shall be in the form ora CRA check made payable to the Developer. No payment made tinder this Agreement shall be conclusive evidence or the performance of this Agreement by Developer, either wholly or in part. and no payment shall be construed to relieve Developer ofobligations tinder this Agreement or to be an acceptance of faulty or incomplete rendition oi'Developer's obligations under this Agreement. Section 7. Notice and Contact. Any notice or other document required or allowed to be given pursuant to this ALlrecincrit shall be in writing and shall be delivered personally, or by recognized overnight courier or sent by certified mail, postage prepaid, return receipt requested. The use orelectronic communication is not considered as providing proper Notice pursuant to this Agreement. If to CRA,such notice shall be addressed to: Michael Simon. Interim Executive Director Boynton Beach Community Redevelopment Agcncy 710 North Federal 1-1ighway, Boynton Beach, Florida 33435 With a copy to: Tara W. Duhy. Esq. Lewis, Longman& Walker, P.A. 515 North Flagler Drive Suite 1500 West Palm Beach. Florida 33401 1 r to Developer.such notice shall be addressed to- Mr. Michael Ross Ocean One Boynton, LLC c/o Gulfstream Property Management 9804 South Military Trial Suite L-I I Boynton Beach. FL 33436 Mr. William Morris Souilicoast Advisors, LLC 777 E. Atlantic Avenue Suite 100 Delray Beach. FL 33483 F. Davis Carnalier Washington Real Estate Partners 1629 K Street N.W, PURCHASE AND DEVELOPMENTAGREEMENT Page 35 of 77 Suite 1200 Washington, DC 20006 With a copy to: Bonnie Miskel, Esq. Gary S. Dunay, r-sq. Dunay, Miskel and Backman. 1,L1' 14 SE 4"'Street Suite 36 Boca Raton, FL 33432 Section 8. Default. The failure ol'Developer to comply with tile provisions set forth in this Agreement shall constitute a deCaull and breach orthis Agreement. If Developer fails to cure tile default within thirty(30) days of notice fro the CRA. the CRA may terminate this Agreement and all obligations for payment of Pledged Project Increment Revenue to Developer shall cease. Section 9. Termination. Unless earlier terminated pursuant to the terms herein, this Agreement shall automatically terminate upon the last disbursement of Pledged Project Increment Revenue to Developer for the Project,or within two(2)years of the Effective Date if tile Developer has failed to commence construction of the Phase I Improvements subject to farce majeure. Either Party may elect to terminate this Agreement by providing 45 days written notice to tile other Party upon one or more of(lie following occurrences: a. The default or either Party. if such del'ault is not cured within the time prescribed by this Agreement; b. "flie Parties enter into a mutually agreed upon,written Addendum,the effect of which is to terminate this Agreement. Section 10. Miscellaneous Provisions. 10.1 Waiver. Tile CRA shall not be responsible for any property damages or personal injury sustained by Developer from any cause whatsoever related to tile development of the Project, Nybether such damage or injury occurs before, during. or after the construction of the Project or the term of this Agreement, Developer hereby forever waives.discharges.and releases the R.A.Cits agents,and its employees. to the fullest extent the law allo%Vs, from any liability ror any damage or injury sustained by Developer. This waiver,discharge,and release specirically include negligence by the CRA, its agents, or its employees, to the fullest extent the law allows. 10.2 Indemnification. Developer shall indemnify, save. and hold harmless the CRA, its agents,and its employees from any liability.claim,demand,suit,loss.cost,expense or damage which may be asserted,claimed,or recovered against or from[lie CRA,its agents.or its employees, by reason or any property damages or personal injury, including death, Sustained by any person whomsoever, which damage is incidental to, occurs as a result of, arises out of. or is otherwise related to tile negligent or wrongful conduct or (lie faulty equipment (including equipment PURCHASE AND DEW3LOPMENT AGREEMENT Paea 36 of 77 installation and removal)orDeveloper. Nothing in this Agreement shall be deemed to affect the rights, privileges, and sovereign immunities of the CRA as set forth in Section 768,28, Florida Slat Utes. This paragraph sha I I not be construed to req u i re De ve toper to indemnify the CRA for its own negligence, or intentional acts of[lie CRA, its agents or employees, Each party assumes the risk of personal injury and property damage attributable to the acts or omissions or that party and its officers,employees and agents. 10.3 Assignment, This Agreement may only be assigned by tile Developer to record owners of"(lie Property with the prior written consent of the CRA, which consent shall not be unreasonably withheld. provided, however, that any assignee hereto shall specifically assume all of tile obligations of the Developer under this Agreement. 10.4 Successors and Assigns. The CRA and Developer each binds itself and its partners, successors, executors, administrators and assigns to the other party and to the partners., successors.executors,administrators and assigns of such other party, in respect to all covenants of' this Agreement. Nothing herein shall be construed as creating any personal liability on [lie part of any officer or agent of(lie CRA,nor shall it be construed as giving any rights or benefits hereunder to anyone other than the CRA and the Developer. 10.5 No Discrimination. Developer shall not discriminate against aily person on the basis ofrace, color. relit ion.ancestry, national origin,age, sex. marital status, sexual orientation or disability for any reason in its hiring or contracting practices,associated with this Agreement. 10.6 No Partnership,Etc. Developer agrees nothing contained in this Agreement shall be deemed or construed as creating a partnership.joint venture, or ernployce relationship. It is specifically understood that Developer is an independent contractor and that no employer/employee or principal/agent is or shall be created nor shall exist by reason of (his Agreement or the performance under this Agreement. 10.7 Public Records: The CRA is a public agency subject to Chapter 119, Florida Statutes. Developer shall comply with Florida's Public Records Law. Specifically,the Developer shall: a. Keep and maintain public records required by the CRA to perform the public services provided for in this Agreement; b. Upon request from the CRA's custodian of public records,provide(lie CRA with a copy of the requested records or allow tile records to be inspected or copied within as reasonable time at a cost that does not exceed the cost provided in this chapter or as otherwise provided by la%v. C, Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for the duration of tile contract term and following completion of the contract if Developer does not transfer the records to the CRA. PURCHASE AND DfA'EL0PMENTAGRCi:h%Nrr Page 37 oF77 d, Upon completion of the contract. transfer.at no cost, to the CRA all public records in possession of Developer or keep and maintain public records required by the CRA to perform the service, if Developer transfers all public records to the public agency upon completion of the contract, Developer shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If Developer keeps and maintains public records upon compiction or the contract, Developer shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the CRA,upon request from the CRA*s custodian of public records,in a format that is compatible with the information technology systems orthe CRA, IF DEVELOPER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119,FLORIDA STATUTES,TO DEVELOPER'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (561)737-3256; 710 North Federal Highway,Boynton Beach,Florida 33435; or Boynton Beach CRA(&bbfl.us. 10.8 Entire Agreement, This Agreement represents the entire and sole agreement and understanding between the Parties concerning the subject matter expressed herein. No terms herein may be altered,except in writing and then only if signed by all the parties hereto. All prior and contemporaneous agreements, understandings, communications, conditions or representations, of any kind or nature, oral or written, concerning the subject matter expressed herein,are merged into this Agreement and the terms of this Agreement supersede all such other agreements. No extraneous information may be used to alter the terms of this Agreement, 10.9 Counterparts and Transmission. To facilitate execution.this Agreement may be executed in as many counterparts as may be convenient or required,each orwhich shall be deemed an original, but all of which together shall constitute one and the same instrument. The executed signature page(s)from each original may bejoined together and attached to one such original and it shall constitute one and tile same instrument. In addition. said counterparts may be transmitted electronically (i.e.. via facsimile or pdf format document sent via electronic mail). which transmitted document shall be deemed an original document for al I purposes hereunder. 10.10 Agreement Deemed to be Drafted Jointly. This Agreement shall be deemed to be drafted jointly and shall not be construed more or less favorably towards any of the parties by virtue or the fact that one party or its attorney drafted all or any part thereof. Any ambiguity found to exist shall be resolved by construing the terms of this Agreement fairly and reasonably in accordance with the purpose of this Agreement. 10.11 Governing Law, jurisdiction, and Venue. The terms and provisions or this Agreement shall be governed by,and construed and en rorced in accordance with,the laws of the State of Florida and the United States of America, without regard to conflict of law principles. Venue and jurisdiction shal I be Palm Beach County, Florida, for all purposes,to which tile Parties expressly agree and submit. 10.12 Independent Advice. The Parties declare that the terms of this Agreement have been read and are fully understood. The Parties understand that this is a binding legal document, , $ AW-1 PURCI JASE AND DEVELOPMENT AGREEMENT Page 38 of 77 and each Party is advised to seek independent legal advice in connection with the matters rercrenced herein, 10.13 Severability. If any part of this Agreement is fiJund invalid or unenforceable by any court, such invalidity or unenforceability shall not affiect (lie other parts of the Agreement if the rights and obligations of the Parties contained herein are not materially prejudiced and if the intentions tat`the Parties can continue to be achieved. To that end. this Agreement is declared severable. 10.14 Voluntary Waiver of Provisions. The CRA may, in its sole and absolute discretion, waive any requirement of Developer contained in this Agreement. 10.15 ComplianceivithLaws. In its performance tinder this Agreement,Developer shall comply with all applicable federal and state laws and regulations and all applicable Palm Beach County,City of Boynton Beach.and CRA ordinances and regulations. 10.16 Effective Date. This Agreement will become effective upon the date and time the last party executes this Agreement. 10.17 Sur-viva]. The provisions of this Agreement regarding public records, indemnity, and waiver shall survive (lie expiration or termination of this Agreement and remain in full Force and effect. PURCHASE AND DEVELOPMENT AGREEMCNT Page 39 of 77 IN WITNESS OF THE FOREGOING,the parties have set their lends and seals tile day and year I irst above written. WITNESSES OCEAN ONE BOYNTON, LLC a Florida limited liability company By:__ Print Name: PrintName: Title: Print Name: STATE OFFLORA DA SS; COUNTY 01" BEFORE ME. an officer duty authorized by law to administer oaths and take acknowledgments, personally appeared as of OCEAN ONE BOVNTON, LLC, and acknowledged tinder oath that he/she has executed tile foregoing Agreement as the proper official of OCEAN ONE BOYNTON, LLC, for tile use and purposes mentioned herein and that the instrument is the act and deed of OCEAN ONE BOYNTON,LLC. I le/she is personally known to me or has produced as identification, IN WITNESS OF TI IE FOREGOING, I have set my hand and official seal at in the State and County aforesaid oil this day of . 2017. My Commission Expires: Notary PLtbl ic, State or Florida at Large ]REMAINDER OF PACE INTENTIONALLY LEFT BLANK) IC RA SIGNATURE ON FOLLOWING PACE] WITNESSES BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY PURCHASE AND DEVELOPMENFAGRCEMENT Page 40 oF77 By: Print Name: Steven Grant.CRA Board Chair Print Name: STATE OF FLORIDA SS: COUNTY OF PALM BEACH BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgments, personally appeared Steven Grant as Board Chair of 130YNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, and acknowledged under oath that he/she has executed the roregoing Agreement as the proper official of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, for the use and purposes mentioned herein and that the instrument is the act and deed of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY. Fic/she is personally known to me or has produced as identification. IN WITNESS OFTI IE FOREGOING, I linve set my hand and official sea] at in the State and County aforesaid on this day of . 2017, My Commission Expires: Notary Public, State of lorida at Large PURCHASE AND DEVELOPIVIENTAGREEMENT Page 41 oF77 Exhibit "A" (Project) (see uttached) PURCHASE AND DEVELOPMENT AGREEMENT Page 42 of 77 WAM 00,04 US NWAY A T m W_ SIR A GO 64O Al-WW, ctp -- Ocean One COHEN-FREEDMAN-ENCINOSA A ASSOC, rA K FKXROL_=AY"UM"!!F4Z 11- Archlwt4 PA Maw I W_ Sim bm w"Wnei ukal t4uA,rkvwa 3MA m nd PURC14ASE AND DEV ELOPIVIENTAGREEM ENT Page 43 of 77 Exhibit "B" (Property) (see attached) PURCHASE AND DE VELOPNI ENTAGRELIvt ENT Page 44 of 77 it awn mr, fI#TC1nlI>Ina"oR .A sUIRVE I Yl N I G --M 1�AP,P".I"N 0 Tel:(%Ij 24 1-.9M Cargil;wt oiAiAJm)dzWsn NmLB1264 I=( 9241ZI U SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) OCEAN ONE - PHASE I LEGAL DESCRIPTION A PORTION OF THE NORTHWEST ONE-QUARTER OF SECTION 27, TOWNSHIP 45 SOUTI 1,..RANGE 43 EAST, PALM BEACH COUNTY, FLORIDA, INCLUDING PORTIONS OF LOTS I THROUGH 6, "FUNK BROS, ADDITION TO TI IE TOWN OF BOYNTON", AS RECORDED IN PLAT BOOK 2 AT PAGE 13 OF THE PUHLIC RECORDS OF PAI P. BEACH COUNTY, Ff.ORIDA, AND A PORTION OF LOT 41 "DEWEY'S SUBDIVISION". AS RECORDED IN PLAT BOOK I AT PAGE 37 OF SAID PUBLIC RECORDS, ALL IN ACCORDANCE WITH THE "AGREEMENT PLAT", AS RECORDED IN PLAT BOOK 10 AT PACE 2, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 27; THENCE NORTul 89055,38' EAST, ALONG THE NORTH i INE OF SAID SECTION 27, A DISTANCE OF 66,08 FEET; THENCE SOUTH 00'04'22" EAST, A DISTANICE OF 22.00 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89,55'381, EAST, A DISTANCE OF 216.56 FEET TO THE POINT OF CURVATURE OF A CIRCULAR CURVE TO THE RIGHT; THENCE EASTERLY AND SOUTHERLY ALONG THE ARC OF SAID CURVE,HAVING A RADIUS Or 25.00 FEET AND A CENTRAL ANGLE OF 880 2052", A DISTANCE OF 38,55 FEET TO THE POINT Or TANGENCY; TI IENCE SOUTH 01,43'30" EAST, ALONG A LINE 15,00 FEET WEST or AND PARALLEt WITH THE EAST LINT: OF SAID LOTS 1 THROUGH 6 AND THE EAST UNE OF SAID LOT 41 A IDISTANCE OF 287.77 FEET, THENCE SOUTH 88",37'13" WEST, A DISTANCE '6F 268.22 FEET, THENCE NORTH 01'23'00" WEST, ALONG A LINE 60,00 FEET EAST OF AND PARALLEL WITH THE WEST LINE OF SAID SECTION 2/. A DISTANCE OF 292.55 FEET TO THE POINT OF CURVATURE OF A CIRCULAR CURVE TO THE RIGHT; THENCE NORTHERLY AND EASTERLY ALONG THE ARC OF SAID CURVE, HAVING A RADIUS or 25.00 rFFT AND, A CENTRAI. ANGLE OF 91'18-38", A DISTANCE Or 39,B4 FEET TO THE POINT OF BEGINNING. SAID LANDS SITUATE IN THE CITY OF 80YNTON BEACH,PALMI BEACH COUNTY,FLORIDA, AND CONTAIN 83,950 SQUARE FEET, MORE OR LESS, NOTES 1, REPRODUCTIONS OF THIS SKETCH ARE NOT VALID WITHOUT THE SIGNATURE AND FHL ORIGINAL RAISED SEAL OF A FLORIDA LiCLNSEL, SURVEYOR AND MAPPER, 2. NO SEARCH OF THE PUBLIC RECORDS WAS MADE IN THE PREPARATION OF THIS SKETCH AND DESCRIPTION 3. BEARINGS SHOWN HEREON ARE DASED ON THE WEST LINE OF IHL NORTHWEST ONE- QUARTER OF SECTION 27,HAVING A BEARING OF NORTH 01'23'00" WEST,ACCORDING TO THE STATE PLANE COORDINATE SYSTEM,STATE OF FLORIDA,EAST ZONE,NORTH AMERICAN DATUM OF 1983, 1990 ADJUSTMENT CERTIFICATION IHEREBY CERTIFY THAT THE SKETCH AND DESCRIPTION SHOWN HEREON COMPLIES WITH STANDARDS OF PRACTICE AS CONTAINED IN CHAPTER 61C17-6,FLORIDA ADMINISTRATIVE CODE,PURSUANT TO SECTION 472.027,FLORIDA STATUTES.AND THAT SAID SKETCH AND DESCRIPTION IS TRUE AND CORRECT TO Tht BEST Of MY K14OVILEDGE AND BELIEF AS PREPARED UNDER MY DIRECRON. SURVEYOR AND MAPPER FLORIDA LICENSE NO,LS5111 Mme"... OcEm OK 08/26t2DR 24-No Jv TD SHCET 1 OF 2 PURCHASE AND DEVrL 0Pf'viNNT AGREEMENT Page 45 of 77 SKETCH AND LEGAL DESCRIPTION W 1 d'R ER (NOT A SURVEY) � SECTION 27;45-43 {NOT FUN1189°55'38"I: 86.D8' .._..,. p BOYNTON BEACH BOULEVAR P.Q.$. N LIME SECTION 27-45-43 r N89`55`38"E 216.56' r�yy��yy' yy�� rys� p� L•38.55° � - OOO 04'2 "e" Z..�,. :'`=.y.. _. D-88'20'52" ^p. LCAT 1 -�[� R-25.00' A/W A"6.-NMEN�T.� 60 L*39.$4' (OR13 9016,PG.975 — p D-914 18'38" LOT 2 I F FSR. I_ZEMtT _ 6 (ORB 19494,E G.1699)c: td LC37 3 AGREEM'EN'T PLAT" LOT 4 a ry (P.B. 10i PG,2) EPt "FUNIC 13T�17S. AL4C1STiDIV' LA O T 5 0 >0 LOT 6 rn S88°37"13i�W 268.22' i a" DEDIC.ATEO t E y IW W Q "AGREEMENT PLAT"" 4 s. i M 10,PG. 2) 100 LOT 41 '. "DEWEY`'S 5UBDIv 1511 1~1" (P.B. 1,P . 37) 1 w ABBREVIA fC� 18 L "CURGIN B DELTA BCEl9Ti3AL ilOLE) a sB. LICENSED BUSINESS L.S. LECUMD S11MYOR U.lI.i4. OFFICIAL IRECOgDS BOX P-0-0. POINT Of BEGINKI[G L --F.o C. P31NY OF COWTUCEWENT x P.B, PLAT BIIIlA I . LINE LOT 41 P.Ut C.R... . PALM BEAN COI#I3TY RECORDS_®".——.,.....— _ ..... . . ,....... PG. i PACE �._....�..... P.5-w- PBRO!'ESStDUALAacPPEn SUAVEYOR ULAN AtlENUE{ R Bf.TA�.,�-� Rfe RIuv-ot•wAY F@, Tk417' I 0-rntse3 14wi MEAN MEqrG IV#' A H '4CALEi __ "• _. .cac1a c i TP erA'ci 08P7SP20t7 7.OF 2... ;. 4 �ItHt v 1 PURCHASE AND D EVE LOPMENTAGRE EMENT Pagc 46,[77 Exhibit "C" (Public Parking) (see attached) � o ! f p y �$ c e - _ + Sigel ton, i 0 OIL 1 � u LL JOLtO ec! LN3-k':IUDV.1.NRU01WIC)(INV 3SVIIJ-d,l! PURCHASE AND DCVELOPMENT AGRi�laleIENT Page 48 of 77 EXHIBIT"D" ANNUAL PERFORMANCE REPORT FORM (shall be required annually) Time Period Date Prior to and during the construction of Phase I(if applicable): 1. Hired job placement consultant on 2, Hosted a job fair on 3. Noticed through the Community Outreach Partner,availability of employment opportunities related to construction of Phase I of the project on 4. Provided evidence of requirement In subcontractor's contracts to hire and train local residents 5. Provided list of job positions and descriptions to Community Outreach Partner 6. Receipt of written confirmation from the contractor and subcontractors of the requirement to use minimum living wage on Prior to and during the construction of Phase 11(if applicable): 1. Obtained approval for a 100-room hotel on 2. Provided written confirmation of approval of the 50 additional public parking spaces(identifying the public parking spaces)on Post construction Certification requirements Phase I certification(if applicable): 1. Provided Certificate of occupancy from the City of Boynton Beach or other governmental agency demonstrating Certificates of Occupancy for the Phase I's 231 multi-family units on PURCHASL AND DEVr;,].OPN-IENI'A(]Rr,[:-'Mr,.Nl' Page 49 of 77 2. Provided a Certificate of Completion for the Project's 8,575 square feet of commercial is completed as a Grey Shell on 3. Provided certificate of completion of the 50 Phase I public parking spaces on 4Provided written confirmation of compliance with a Nationally Recognized High Performance Green Building Rating System an P URCI I ASE A ND DEVELOPM ENT AGREEMENT Page 50 of 77 SPECIAL WARRANTY DEED EXHIBIT"E" PUBLIC PLAZA PURCHASE AND DEVELOPMENT AGREEMENT 'age 51 of 77 i �f 1f s 6 t t k PURCHASE AND 1XVELOPMENTAGREEMENT Pagc 52 of 77 EXHIBIT"'D" TAX INCREMENT REVENUE FINANCE AGREEMENT PURMASE AND DEVUOMMEWAGR[ ME I' Pap 53 of 77 TAX INCREMENT IREVENUE FUNDING AGREEMENT This Tax increment Revenue Funding Agreement(hereinafter"Agreement")entered into asofthe-day of 2017, by and between: BOYNTON BEACH COMMUNITY ]REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163. Part Ill of the Florida Statutes,(hereinafter referred to as "CRA"),with a business address of 710 North Federal I I ighwiy, Boynton Beach, Florida 33435, and OCEAN ONE BOYNTON, LLC, a Florida limited liability company, with a business address of c/o Washington Real Estate Partners, LLC, 9804 South Military Trail, Suite E-1 1. Boynton Beach, Fl.- 33436(hereinafter referred to as the"Developer"). RECITALS WHEREAS, Developer intends to construct the Project which will include a minimum or 231 multi-lamily units with related amenities and approximately 8,575 square feet orcommercial space as depicted in the Site Plan attached hereto as Exhibit "A," (hereinafter referred to as the "Project");and WHEREAS, the CRA has determined that the Project furthers the Boynton Beach Community Redevelopment Plan;and WHEREAS, Developer has the knowledge, ability, skill, and resources to efibctuatc the construction and development orthe Project:and WHEREAS, the CRA has determined that a public-private partnership in which the CRA provides Tax Increment Revenue Funding for the Project will further the goals and objectives of the Community Redevelopment flan;: NO THEREFORE, in consideration of tile mutual covenants and promises set forth herein, (fie sufficiency of which both Parties hereby acknowledge.the Parties Agree as follows; Section 1, Incorpgration. The recitals above and all other information above are hereby incorporated herein as if fully set forth. Section 2. Definitions.. As used in this Agreement, the following; terms shall have the following meanings, which shall apply to words in both the singular and plural forms of such words: 2.1. "Base Year" mean the base year for determining Tax Increment Revenue from tile Project. PURCHASE AND DEVELOPMENT AGREEMENT Pa-C 54 of 77 2.2 "Benchmarks" shall be the various percentage thresholds of occupancy or tile 8,575 commercial/retail space for any year of the Phase I Term as set forth in Paragraph 5..1.6, 2.3 "Certificate of Occupancy" means the certifcate issued by tile City pursuant to the City of Boynton Beach Building and Zoning Code indicating that a building or structure complies with all applicable City of Boynton Beach Building and Zoning Code requirements and that the same may be used for the purposes stated [herein, 2.4. "City" means tile City of'Boynton Beach, Florida. 2.5. "Commencement of Construction" or "Commence Construction" means obtaining an official permit in hand for any of'the construction activities contained herein and beginning to actually demolish, excavate or prepare the site for development of the applicable phase of the Project in accordance with the City Code and continuing until completion of construction of the Project or Phase of the Project as applicable in accordnnee with tile Florida Building Code. 2.6 "Cocumunity Outreach Partner" means (lie for-profit or non-profit group or organization selected by Developer with whom Developer shall coordinate on tile issues and obligations in this Agreement pertaining to employment or City residents and jobs for Locally Owned Small Businesses. 2.7 "Contractor" means a general contractor, a subcontractor or any other business entering into a contract with the Developer related to the construction orthe Project or part thereof. 2.8 E ffective Da te"shall rrican the date the last party to this Agreement executes this Agreement. 2.9 "Good Faith Effort" is considered to have been made when the respective parties lave used reasonable rricans to comply with tile associated directives and/or provisions set forth in this Agreement. 2.10 "Grey Shell" means an unfinished interior, lacking heating, ventilating, air conditioning, lighting, plumbing, ceilings. elevators, interior walls, etc. and ready for tenant improvements, 2.11 "Locally Owned Small Businesses" means any business that is wholly owned by individuals who reside in the City. If a business is owned by a corporation, then tile corporation must be wholly owned by individuals who reside in the City, If the business is owned by a partnership or limited liability company,then at least 20%of its partners or members must reside in the City. 2.12 "Minimum Living Wage" means the hourly rate that an individual must earn to support his or her family if they are the sole provider and are working full time (2,080 hours per year) in accordance with Palm Beach County Code Chapter '—). Article IV. Division 3 (tile Palm Beach County Living Wage Ordinance),as amended. PUM[ASE AND DE VELOPIMENT AGREEMENT Pav 55 of 77 2.13 "Notionally Recognized High Performance Green Building Rating System" means any one of the following. the Florida Green Building Coalition (FGBC) Standards, the Green Building Initiative's (GBI) Green Globe rating system, the United States Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED) Standards, or the National Association ofHomebUilders(NAHB)National Green Building Standards(NOBS). 2.14 "Pledged Project Increment Revenue" means an amount calculated by multiplying Tax Increment Revenue from the applicable phase of the Project by agreed upon percentage factor as provided for in this Agreement. 2.15 "Property" means the property subject to this Agreement upon which the Project shall be developed as more particularly described in Exhibit"B," hereto. 2.16 "Site Plant' shall mean the approved Site Plan attached hereto as Exhibit "A," approved by the City or Boynton Beach. file#NWSP 16-002, Section 3. Developer's ObligationsandCovenants, 3.1 Construction of the Project, Developer agrees to Commence Construction of the Project within two(2)years ol'the Effective Date of this Agreement. 3.1.1 The Project shall conform to the Site Plan and shall include the following, which shall hereinafter be referred to as"Phase I Improvements:": r: Developer shall construct a minimum of 231 multi-family residential units with related amenities. 9. Developer shall construct a minimum of 8,575 square feet of commercial/retail space: h. Developer shall construct Parking Improvements,conceptually depicted on Exhibit,"C,"hereto,consisting,at a minimum of Fifty(50)public parking spaces ("Public Parking") that shall be restricted for public use and that shall not be available to the Phase I residential units. The Parking Improvements may consist of structured parking, surface parking, valet parking, mechanical parking. shared parking or any other means as allowed under local city ordinance, Upon completion of the Public Parking, Developer and the CRA shall enter into a Parking Management Agreement to estabi ish the maintenance responsibilities of the CR A for the Public Parking. If Parking Management Agreement is not negotiated and executed by the Parties within one year of the completion or construction of the Public Parking. either party may request binding arbitration to complete the terms of the Agreement. i. Construction of the multi-family residential units for the Project shall be in compliance with, qualify for and receive Florida Green Building Certification. PURCHASE AND DEVELOPMENTAGREZMEN T Pap 56 of 77 j. Prior to and during the construction of(lie Pruject. the Developer shall W I lire a job placement consultant during the construction period of this Agreement: 0 I-lost a job fair; 0 Give priority to Contractors that are Locally Owned Small Businesses to participate in the construction of Phase I of the Project. a Include in all contracts with Contractors requirements that the Contractors use Good Faith Efrorts to hire and train City residents to participate in the construction of Phase I o f the Project; o Provide a list orjob positions and descriptions to the Community Outreach Partner and agree to give priority to qualified job applicants referred by the Community Outreach Partner to participate in the construction of Phase I of the Project. 0 Use Good Faith Efrorts to offer permanent job positions resulting from Phase I orthe PrcJect to qualified City residents: 0 Notify and refer job training and job placement opportunities to the Boynton Beach Community High School and South Tech Academy in Boynton Beach in the event each are able and wil I ing to provide such training;and a Pay or cause to be paid ne%v hires in all permanent positions residing within the City a minimum orthe Living Wage, Section 4, Annual Perfarmance Report. Developer shall annually provide (lie CRA with an Annual Performance Report For the Project indicating the status or Developer's compliance with the requirements of this Agreement as set forth in Sections 3 and 5 of this Agreement and evidencing that Developer has paid all property(axes for the Property for the preceding year,Such report must be submitted to [lie CRA no later than the last day of April for the preceding year in a form substantially in accordance %vith the form attached hereto as Exhibit'T." Section 5. Certification.Rg9girements. 5.1 As a condition precedent to its receipt of any Pledged Project Increment Revenue pursuant to this Agreement: 5.1.1 Developer must have taken all steps necessary to divide the Property into two separate parcels such that the Phase I Property and the Phase 11 Property have been assigned individual Parcel Control Numbers by the Palm Beach County Property Appraiser PURCHASE AND DEVELOPNIENT AGREEMENT Page 57 of 77 and these Parcel Control Numbers have been placed oil the Palm Beach County tax rolls and assigned taxable value prior to tile Base Year for each Phase;and 5.1.2 Developer must have timely provided its Annual Performance Report providing evidence of compliance with the requirements or this Agreement as set Forth below and evidencing that Developer has paid all property taxes for tile preceding year; and 5.1.3 Upon receipt of the Annual Performance Report. 2, the CRA shall review and approve the Annual Performance Report at the next available CRA meeting as meeting the requirements in Section 4 above and certifying Developer's compliance with all conditions precedent fear receiving Pledged Increment Revenue for that Phase 1, which approval shall not be unreasonably withheld , 5,11.4 The CRA has receivedTax Increment Revenues from the completed Phase I Improvements subsequent to the Base Year-,and 5.1.5 Developer shall not be entitled to any Pledged Project Increment Revenue payments it the Developer has failed to meet its obligations under this Agreement or is otherwise in derault under the teres of this Agreement and has failed to sulliciently cure tile default as provided for herein after appropriate notice or such default has been given. There is no obligation by the CRA to disburse the Direct Incentive Funding during any cure period or in the event file Developer is in default of this Agreement so long as,once a default is cured. Developer shall continue to receive their Direct Incentive Funding for the Project Lip to tile Pledged Project Increment Revenue and any time periods for perrormiince hereunder shall be extended for the same period or time needed to cure the default. 5.1.6 Should Developer fail to meet the Benchmarks set below regarding occupancy of' 8.575 square feet of commercial/retail space (tile "Coin mere in I/Reta i I Space")forany year ofthe Phase I Term,Developer's percentage of tile Pledged Increment Revenue to be paid to Developer shall be reduced by 10%For that year of the Phase I Term, d. Developer Must certify that?5%of the Commercial/Retail Space has been occupied by coin mercial/reta i I tenants by at least the third year of tile Phase I Term as defined herein. Once the 25%threshold is obtained, whether it be in the First, second or third year, the threshold shall be deemed satisfied forever,even ir in the future the actual amount occupied thereafter is less than 25%. Accordingly,as long as Developer did not default under any commercial lease and continues in good faith to re-market the property for lease, once tile 25% threshold is achieved, Developer shall be entitled to the Pledged Increment Revenue ror the year in which the 25% threshold is achieved and each year thereafter during the Phase I Term unless a greater Benchmark is achieved; el Developer must certify that 50%of the Commercial/Retail Space has been occupied by commercial/retai I tenants by at least the sixth year ofthe Phase I Term as defined herein. Once the 50% threshold is obtained, whether it be in any year PURCHASE AND DEVELOMMENTAGREEMEN F Page 58 oF77 prior to the end o r(lie sixth year of the Phase I Term,11,ic threshold shall be deemed satisfied forever, even if in (lie suture the actual amount occupied thereafter is less than 50%.Accordingly.as long as Developer did not default Linder any commercial lease and continues in good Faith to re-market the property for lease,once tile 50% threshold is satisfied, Developer shall be entitled to the Pledged Increment Revenue for[lie year in which the 50%threshold is achieved and each year thereafter during the Phase I Term unless a greater Benchmark is achieved; and f. Developer must certify that 70% of the Commercia VRetail Space has been occupied by the corn merciallreta i I tenants by at least the eighth year o r tile Phase I Terni as defined herein. Once the 70%threshold is obtained,whether it be in ally year prior to the end or the eighth year of the Phase I Term, the threshold shall be deemed satisfied forever.even ifin the future the actual amount occupied thereafter is less than 70%. Accordingly, as long as Developer did not default under any commercial lease and continues in good Ibith to re-market the property for lease, once satisfied, Developer shall be entitled to the Pledged Increment Revenue for year in which the 70% threshold is achieved and each year thereafter during the Phase I Term. 5.2 Certification. 5.2,1 Developer shall cerdry in its Arinual Performance Report that it has rnet its obligation under Section 3,1.1 a. and 3.1.I.b. of this Agreement by providing a Certificate of Occupancy for all residential components of the Phase I improvements and Certificate of Completion for all nonresidential components of tile Phase I improvements from the City of Boynton Beach indicating the 100 percent completion of all Phase I Improvements and demonstrating that the taxable value of all Phase I improvements have been placed oil the Palm Beach County tax rolls for tile Phase I Property. 5.2.2 Developer shall certify in its Annual Performance Report that it has met its obligation Linder Section 3.1.I c of this Agreement by demonstrating that it has constructed the Public Parking and by documenting signage and other means by which these Public Parking spaces are clearly reserved for use by the public and excluded from use by Multifamily and commercial units that are part orthe Project, 5.2.3 Developer shall confirm in its Annual Performance Report that it has met its obligation Linder Section 3.1 I.d of'this Agreement by providing proof of receipt or Florida Green Building Certification. 5.2.4 Developer shall certify in its Annual Performance Report that it has met its obligation Linder Section 3,1.I.e ofthis Agreement by: a. Demonstrating that it hired and utilized (lie services of a job placement consultant and by reporting the job placement consultant's activities during construction of Phase I of the Project: b. Demonstrating that it held a job rair; and IWWA! PURCHASE AND DEVELOPMENT AGRrUMENT Page 59 of 77 c. Requiring all Contractors covered by the terms of this Agreement to provide annual copies of its records, reports or any other information necessary to monitor compliance with the provisions of Section 3.1.1 e of this Agreement and require all Contractors to submit annual payrolls to the Developer ileal include the fiollowing information pertaining to all Locally Owned Small Business hired to work on or for Phase I of the Project: name,address and the number of hours worked for the period.until a Certificate of Occupancy is is-sued for at least 90%orthe residential units of Phase I of the Project. Section 6. Pledged ProjectIncreineut Revenue. 6.1 Formula and Term. 6.1.1 The amount of the Pledged Project Increment Revenue to be paid Developer pursuant to this Agreement is based on the following formula.- C. Developer shall receive Pledgcd Project Increment Revenue for Phase I Improvements for a term of eight (8) consecutive years, beginning the year Developer demonstrates it has met all conditions precedent to receiving Pledged Project Increment Revenue as provided in Sections 3, 4, and 5 of dais Agreement for the Project and upon final certification of tax assessments within the CRA District by the Palm Beach County Property Appraiser for the preceding year (hereinafter the '-Phase I Term"), The amount of Pledged Project Increment Revenue due to Developer during the Phase I Term shall be determined pursuant to the following formula: For Years I - 7 of the Phase I Term, Developer shall receive Seventy-five percent(75%)of the Pledged Project Increment Revenues actually received by the CRA: and For Year 8 of the Phase I Terni, Developer shall receive Fifty percent(50%) of the Pledged Project Increment Revenues actually received by the CRA. d. The Base Year for determining Tax Increment Revenue from the Project shall be as follows: For[tic Phase I Term.the year prior to commencement of construction of Phase I Improvements on the Property. 6.2 No Prior Pledge of Pledged Project Increment Revenues. The CRA warrants and represents that the Pledged Project Increment Revenues are not the subJect of any prior pledge by the CRA and agrees that such revenues shall not be assigned,Pledged.hypothecated or secured by the CRA for the period covered by term ol"this Agreement. PURCHASE AND DEVC-I.OPiMEi\'I'AG[tLEfvlE?N'I' Pate 60 of 77 6.3 Form of Payment. Payment ofshall be in the form of a CRA check made payable to the Developer. No payment made Linder this Agreement shall be conclusive evidence or the performance of this Agreement by Developer, either wholly or in part, and no payment shall be construed to relieve Developer of obligations Linder this Agreement orto be an acceptance of faulty or incomplete rendition of Developer's obligations under this Agreement. Section 7. Notice and Contact. Any notice or other document required or allowed to be given pursuant to this Agreement shall be in writing and shall be delivered personally, or by recognized overnight courier or sent by certified mail. postage prepaid. return receipt requested. The use of electronic communication is not considered as providing proper Notice pursuant to this Agreement. If to CRA, such notice shall be addressed to: Michael Simon. Interim Executive Director Boynton Beach Community Redevelopment Agency 7I Noah Federal flighway, Boynton Beach, Florida 33435 With a copy to: Tara W, Duhy, Esq. Lewis, Longman & Walker, P.A. 515 North Flagler Drive Suite 1500 West Palm Beach, Florida 33401 ll'to Developer, such notice shall be addressed to: Mr, Michael Ross Ocean One Boynton.LLC c/o Gulfstream Property Management 9804 South Military'Frial Suite E-1 I Boynton Beach, FL 33436 Mr. William Morris Southcoast Advisors, LLC 777 E. Atlantic Avenue Suite 100 Delray Beach, I-L 33483 F. Davis Camalier Washington Real Estate Partners 1629 K Street N.W. PURCHASE AND DEVELOPMENT AGRF'E'NIENT Page 61 of 77 Suite 1200 Washington, DC 20006 With a copy to: Bonnie Miskel. Esq. Gary S. Dunay, Esq, Dunay, Miskel and Backman, LLP 14 SE 4"'Street Suite 36 Boca Raton, FL 33432 Section 8. 12gfoul . The failure of Developer to comply with the provisions set forth in this Agreement shall constitute a default and breach ofthis Agreement. IrDeveloper fails to cure the default within thirty (30)days of notice From the CRA. the CRA may terminate this Agreement and all obligations for payment of Pledged Project Increment Revenue to Developer shall cease, Section J. Termination. Unless earlier terminated pursuant to the terms herein. this Agreement shall automatically ten-ninate upon the last disbursement of Pledged Project Increment Revenue to Developer for the Project,or within two(2)years ofthe Effective Date if tile Developer has railed to commence construction oll'thc Phase I Improvements subject to force majeurc. Either Party may elect to terminate this Agreement by providing 45 days written notice to the other Party upon one or more or the following occurrences: C, The default of either Party, if such del-ault is not Cured within the time prescribed by this Agreement; d. The Parties enter into mutually agreed upon,written Addendum,the cNect of which is to terminate this Agreement. Section 10. Miscellaneous Provisions, 10.1 Waiver. Tile CRA shall not be responsible for any property damages or personal injury sustained by Developer from any cause whatsoever related to the development or the Project, whether such damage or injury occurs before, during, or after the construction of(lie Project or the term of this Agreement. Developer hereby forever waives,discharges.and releases (lie CRA. its agents, and its employees,to the fullest extent the law allows, from any liability for any damage or injury sustained by Developer. This waiver,discharge,and release specifically include negligence by the CRA, its agents, or its employees, to the fullest extent the IaNv allows, 10.2 Indemnification. Developer shall indemnify. save. and hold harmless the CRA. its agents,and its employees from any liability.claim,demand,suit, loss.cost,expense or damage which may be asserted,claimed,or recovered against or from the CRA,its agents,or its employees. by reason of any property damages or personal injury, including death. sustained by any person whomsoever, which damage is incidental to, occurs as a result of, arises out of, or is otherwise related to the negligent or wrongful conduct or the faulty equipment (including equipment PURCHASE AND DEVELOPMENTAGREEMENT Pogo 62 of 77 installation and rernoval) of Developer. Nothing in this Agreement shalt be deemed to a 1'rect the rights, privileges, and SOVCTCigr) irrallUnitieS Of the CRA as set forth in Section 76 .28, Florida Statutes, This paragraph shall not be construed to require Developer to indemnify the CRA for its own negligence, or intentional acts or(lie CRA, its agents or employees, Gael party assumes the risk of personal injury and property damage attributable to the acts or omissions of that party and its officers,employees and agents. 10.3 Assignment. This Agreement may only be assigned by tile Developer to record owners of the Property with the prior written consent of(lie CRA, %;hich consent shall not be unreasonably withlield, provided, however, that any assignee hereto shall specifically assume all of the obligations of the Developer under this Agreement, 10.4 Successors and Assigns, The CRA and Developer each binds itself and its partners, successors. executors, administrators and assigns to the other party and to the partners, successors,executors,administrators and assigns ol'such other party, in respect to all covenants of this Agreement.Nothing herein shall be construed as creating any personal liability on the part of any officer or agent of the CRA.nor shall it be construed as giving any rights or benefits hereunder to anyone other than tile CRA and the Developer. 10.5 No Discrimination. Developer shall not discriminate against any person on the basis of race,color. religion, ancestry, national origin. age.sex. marital status. sexual orientation or disability for any reason in its hiring or contracting practices associated with this Agreement. 10.6 No Partnership, Etc. Developer agrees nothing contained in this Agreement shall be deemed or construed as creating a partnership,joint venture, or employee relationship. It is specifically understood that Developer is oil independent contractor and that no employe r/employee or principal/agent is or shall be created nor shall exist by reason of this Agreement or the performance under this Agreement. 10.7 Public Records: The CRA is a public agency subject to Chapter 119, Florida Statutes. Developer shall comply with Florida's Public Records Law. Specifically,the Developer shall: C. Keep and maintain public records required by the CRA to perform the public services provided for in this Agreement: 171 Upon request from the CRA's custodian of public records.provide the CRA with a copy of(lie requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in this chapter or as otherwise provided by law. 9. Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for tile duration of the contract term and Following completion of the contract if Developer does not transfer the records to the CRA. PURCHASE AND DEVELOPMUNT AGRUNIFNT Page 63 or 77 h. Upon completion of the contract, transfer, at no cost, to the CRA all public records in possession ol'Developer or keep and maintain public records required by the CRA to perform the service, If Developer transfers all public records to the public agency upon completion of the contract. Developer shall destroy ally duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If Developer keeps and maintains public records upon completion of the contract. Developer shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the CRA,upon request from the CRA's custodian orpublic records.in a format that is compatible with the information technology systems of the CRA IF DEVELOPER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119,FLORIDA STATUTES,TO DEVELOPER"S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (561)737-3256; 710 North Federal Highway,Boynton Beach, Florida 33435;or Boynton BeachCRA(tcbbMus. 10.8 Entire Agreement. This Agreement represents the entire and sole agreement and understanding between the Parties concerning the subject matter expressed herein, No terms herein may be altered,except in writing and(lien only if signed by all the parties hereto. All prior and contemporaneous agreements, understandings, communications, conditions or representations. of any kind or nature, oral or written, concerning the subject matter expressed herein,are merged into this Agreement and the terms of this Agreement supersede all such other agreements. No extraneous information may be used to alter the terms of this Agreement. 10.9 Counterparts and Transmission. To facilitate execution.this Agreement may be executed in as many counterparts as may be convenient or required,each of which shall be deemed an original, but all of which together shall constitute one and [lie same instrument. The executed signature page(s) from each original may be joined together and attached to one such original and it shall constitute one and the same instrument. In addition, said counterparts may be transmitted electronically (i,c., via facsimile or pdf format document sent via electronic mail), which transmitted document shall be deemed an original document for all purposes hereunder. 10.10 Agreement Deemed to be Drafted Jointly. This Agreement shall be deemed to be drafted jointly and shall not be construed more or less favorably towards any or the parties by virtue of the fact that one party or its attorney draflcd all or any part thereof. Any ambiguity round to exist shall be resolved by construing the terms or this Agreement fairly and reasonably in accordance with the purpose of this Agreement, 10.11 Governing Law, Jurisdiction, and Venue. The terms and provisions of this Agreement shall be governed by, and construed and enforced in accordance with,the laws of the State of'l-lorida and the United States of America, without regard to conflict of law principles. Venue nand jurisdiction shall be Pagan Beach County, Florida. for all purposes,to which (lie Parties expressly agree and submit. 10.12 Independent Advice. The Parties declare that the terms of this Agreement have been read and are fully understood. The Parties understand that this is a binding legal document, PURCHASE AND DEVELOPMENT AGREEMENT Page 64 of 77 and tach Party is advised to seek independent legal advice in connection with the matters referenced herein. 10.13 Severability. If any part of this Agreement is found invalid or unenforceable by any court, such invalidity Or Linen forceabi I ity shall no( affect the other parts of the Agreement if' the rights and obligations of the Parties contained herein are not materially prejudiced and if(lie intentions of the Parties can continue to be achieved. To that end. this Agreement is declared severable. 10.14 Voluntary Waiver of Provisions. The CRA may, in its sale and absolute discretion,waive any requirement of Developer contained in this Agreement. 10.15 Complianecwith ll-,aws. In its performance under this Agreement,Developer shall comply with all applicable federal and state laws and regulations and all applicable [pales Beach M County, City of Boynton Beach,and CRA ordinances and regulations, 10.16 Effective Date. This Agreement will become of upon the date and time the Iasi party executes this Agreement, 10.17 Survival. The provisions of this Agreement regarding public records. indemnity, and waiver shall survive the expiration or termination of this Agreement and remain in full force and effect. PURCHASE AND DCV CLOPMENTAGRLE M ENT Page 65 or 77 IN WITNESS OF THE FOREGOING, the parties have set their lands acid seals the day and year first above written. WITNESSES OCEAN ONE BOYNTON, LLC a Florida limited liability company By: Print Name: Print Name: Title: Print Name- STATE OF FLORIDA SS: COUNTY OF BEFORE ME, an officer duly authorized by lmy to administer oaths and take acknowledgments, personally appeared as of OCEAN ONE BOYNTON, LLC. and acknowledged under oath that he/she has executed the foregoing Agreement as the proper official of OCEAN ONE BOYNTON, LLC, for Elie use and purposes mentioned herein and that the instrument is the act and deed of OCEAN ONE BOYNTON,LLC. He/she is personally known to me or has produced as identification. IN WITNESS OF THE FOREGOING. I have set my hand and official seal at in the State and County aroresaid on this day of . 2017, My Commission Expires: Notary Public. State of Florida at Large IREMAINDER OF PAGE INTENTIONALLY LEFT BLANKI [CRA SIGNATURE ON FOLLOWING PAGE1 WITNESSES BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY PURCHASE AND DEVELOPMENT AGREEMENT Page 66 of 77 By: Print Name; Steven Grant.CRA Board Chair Print Name: STATE OF FLORIDA SS: COUNTY OF PALM BEACH BEFORE ME, an officer duty authorized by IaNv to administer oaths and take acknowledgments, personally appeared Steven Grant as Board Chair of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, and acknowledged under oath that lie/she has executed the foregoing Agreement as the proper official of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY. for the use and purposes mentioned herein and that the instrument is the act and deed of BOYNTON BEACI I COMMUNITY REDEVELOPMENT AGENCY. He/she is personally known to me 01' has produced as identification. IN WITNESS OF THE FOREGOING, I have set my hand and official seal sat in the State and County aforesaid on [his day of 2017, My Commission Expires: Notary Public,State of Florida at Large PURCHASE AND DEVELOPMENT AGREEMNT Ilage 67 oF77 EvIdbit "A" (Project) (Nee attached) PURCHASE AND DEVELOPMENT AGREEMEN'J" Page 68 oF77 FWAR ftv&4 us Namy PA I fT Tww 13 ti ED I fit- -m It 0,111 IN 1r 1" Not I a>1 I " th anOneCOHEN-FREEDMAN ENCINOSA & ASSOC M It FEDER&HOWAY.BMW=BEACR FL AmbilecK PA bBaw LEVEL PLA4 , IN,W. IAU.1 Ut-N MAW. 33014 30d LT96 Ym 11URCHASE AND DEVELOPIMENT AGREEMENT Page 69 of 77 Exhibit "B" (Property) (see attached) PURCHASE AND DEVELOPIMENTAGRECMENT Page 70 of 77 VL%M,ie 047 rjNmmlo Rw Tat(561)241-99e8 SURVEYING & MAPP Caiffl,pin olAiAluiaion No.LWAAP Fej:§61241-5192 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) OCEAN ONE - PHASE 1 LEGAL DESCRIPTION A PORTION OF THE NORTHWEST ONE-QUARTER OF SECTION 27, TOWNSHIP 45 SOUTH,RANGE 43 EAST, PALM BEACH COUNTY, FLORIDA, INCLUDING PORTIONS OF LOTS I THROUGH 6, "FUNK BROS. ADDITION To THE TOWN OF BOYNTON-', AS RECORDED IN PLAT BOOK 2 AT PAGE 13 OF THE PUBLIC RECORDS OF PA-MF BEACH COUNTY, F1 ORIDA. AND A PORTION OF LOT 41 "DEWEY'S SUBDIVISION", AS RECORDED IN PLAT BOOK I AT PAGE 37 OF SAID PUBLIC RECORDS, ALL IN ACCORDANCE WITH THE "AGREEMENT PLAT", AS RECORDED IN PLAT BOOK 10 AT PACE 2, AND BEING MORE PARTICULARLY DESCR;BED AS FOLLOWS1 COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 27; THENCE NORTH 89*55'38' EAST, ALONG THF NORTH LINE OF SAID SECTION 27, A DISTANCE OF 86.08 FEET; THENCE SOUTH 00'04'72" EAST, A DISTA14CE OF 22.00 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89"55',3$" EAST, A DISTANCE OF 216,56 FEE] TO THE POINT OF CURVATURE OF A CIRCULAR CURVE TO THE RIGHTi THENCE EASTERLY AND SOUTHERLY ALONG THE ARC OF SAID CURVE, HAVING A RADUS Or 25.00 FEET AND A CENTRAL ANGLE Or 880 20'52", A DISTANCE OF 38,55 FEET TO THE POINT OF TANGENCY; 71 IE'NCE SOUTH 01,43,3011 EAST, ALONG A LINE 15.00 FEET WIEST or AND PARA110 WITH THE EAST I INE OF SAID LOTS I THROUGH 6 AND THE EAST LINE OF SAID I OT 41, A DISTANCE OF 287.77 FEET; THENCE SOUTH 88'37'13" WESI, A DISTANCE OF 268 22 FEET. THENCE NOR!H OP 23-00" WEST, ALONG A LINE 60.00 FEET EAST OF AND PARALLEL WI I'H THE WEST LINE OF SAID SECTION 27, A DISTANCE OF 292.55 FEET TO THE POINT OF CURVATURE OF A CIRCULAR CURVE TO THE RICK; THENCE NORTHERLY AND EASTERLY ALONG THE ARC OF SAID CURVE, HAVING A RADIUS or 25.00 FEET AND A CENTRAI ANGI,E OF 910 18'38", A DISTANCIF Or 39,84 FEET TO THE POINT OF BEGINNING. SAID LANDS SITUATE IN THE CITY OF BOYNTON BEACH,PALM BEACH COUNTY, FLORIDA, AND CONTAIN 83,950 SQUARE FEET,MORF_ OR LESS. NOTES I. TIEPRoDumoNs or THIS SKETCH ARE NOT VALID WITHOUT THE SIGNATURE AND THE ORIGINAL RAISED SEAL OF A FLORIDA LICtNSEL SURVEYOR ANT) MAPPFR, 2. 'HCl SEARCH OF THE PUAJIC RECORDS WAS MADE IN THE PREPARATION OF THIS SKETCH AND DESCRIPTION, 0L.BEARINGS SHOWN HEREON ARE OASED ON THE WEST LINE OF IF E NORTHWEST ONE- TER OF SECTION 27.HAVING A %,ARING OF NOR tH 02'23'00" VIE ST,ACCORDING To THE STATE PLANE COORMNATE SYSTEM.STATE OF FLORIDA,EMT ZONE,NORTH AMERICAN DATUM OF 1983, 1900 ADJUSTMENT CERTIFICATION THEREBY CERTIFY THAT THE SKETCH AND DESCRMVIDN SHOWN HEREON COMPLIES WITH 5TANDARDS OF PRACTICE AS CONTAINED IN CHAPTER 61017-6,FLORIDA ADMINISTRATIVE CODE,PURSUANT TO SECTION 472.027,FLORIDA STATUTES,AND THAT SAID SKETCH AND DESCR-PTION IS TRUE AND CORRECT TO THE 13EST OF MY KNOWLEDGE AND BELIEF AS PREPARED UNDER My DIRECrION. SURVEYOR AND MAPPER FLORIDA LICENSE NO.LS5PI ,.Taal 0# 1 vc[Ni WE 12612017 166 009 al. 4'1a isA TD mi toF 2 PURCHASE AND DEVELOPMENT A REEMEW Page 71 oF77 P.O.C. SKETCH AND LEGAL, DESCRIPTION NW CORNER (NOT A SURVEY) SECTION 27-45-43 MOT FOUND) N894 551381,E 86.08" BOYNTON BEACH BOULEVALt � �� N UNE SECTION 27-X15-43 .. . 8:25.0 N89.5 ' 16,56" L-3B.55 SOO*04.2 "E � T�- 0.1 8"20'52. ,1 22.111}' ....: .� ��- 1 LST 1 ��� � J .. E R-25.11 ' r .�.vDONMENT L-39.841380(ORB 29©16,PG.'975) 1.91`18' ' .,. LOT 2 " -F-WL- EAS&ENT (ORB 19094,PG. 1699) LOT 3 _ ",AGREEMENT PLAT" �: ' (P.B. 10,PG. 2) LOT 4 % 4-I;Z "FUNK BROS. AMMON W rn rn L41 Z 07 5o 0 LOT6 - caterot r G.I. W 5880 37'13"W 268.22' IW 1 10'R/W T BE DED°GATEDn 11 a 10. s �, Irn "AGREEMENT PLAT" 1P,B. 10, PG.21 4 LDT 41 VEWEVS SUBDIVISION" —� 1P.B. 1" PG, 371 °ABBREVIATIONS aDELTA IMITRAL ANGLES L.B. LICENSEO BUSINESS L.S. LICENSED SMVE VCR 0 x.11. 0,:FICIAL RECO;tUS BUOY. P31fif OF-REGINN1114 G7 r°,b. •. PLAf Am Lr�A S LINE LOT 41 F.U.c.s. f°Atm"Asir couRrt PEC C - _ _ PC. PACE .—..,. ..° ..�......E('S,R ..4.. P.S.r1.. _ PriaiESSIBNAt St1Rr±"oft i. �10EAN AVENUE(BR 13t14� r#�1� �r�rlr�IR•wtr W. 04115 FPG�Y/I k6 l Gum W fill 45" YCN.'jX }`' '. t PURCHASE� AND DEVELOPMENT AGREEMENT Page 72 of 77 Exhibit "C" (Public Parking), (see attached) ME --- — - I iia -� 1, WE N R'd tl tl 9 C) 00 PURCI IASE AND WVELOPMENTAGREENIENT Poge 74 of 77 EXHIBIT"0" ANNUAL PERFORMANCE REPORT FORM (shall be required annually) Time Period Date Prior to and during the construction of Phase I(if applicable)- 1. Hired job placement consultant on 2. Hosted a job fair on 3. Noticed through the Community Outreach Partner,availability of employment opportunities related to construction of Phase I of the project on 4. Provided evidence of requirement in subcontractor's contracts to hire and train local residents S. Provided list of job positions and descriptions to Community Outreach Partner 6Receipt of written confirmation from the contractor and subcontractors of the requirement to use minimum living enrage on Prior to and during the construction of Phase 11(if appllcable), 1. Obtained approval for a 100-room hotel on 2. Provided written confirmation of approval of the 50 additional public parking spaces(identifying the public parking spaces)on Post construction certification requirements Phase I certification(if applicable): 1, Provided Certificate of occupancy from the City of Boynton Beach or other governmental agency demonstrating Certificates of Occupancy for the Phase I's 231 multi-family units on PURCHASE AND DT; LLOPPAI"NTAGREUMENT Pagc 75 of 17 2. Provided a Certificate of Completion for the Project's 8,575 square feet of commercial is completed as a Grey Shell on 0 3Provided certificate of completion of the 50 Phase I public parking spaces on 4. Provided written confirmation of compliance with a Nationally Recognized High Performance Green Building Rating System on 14 Ali I" PURCHASE AND DEVELOP ENTAGREEMENT Page 76 of 77 EXHIBIl"T" THE PLAZA DEVELOPMENT PLAN PURC'i ASE AND DEVELOPMENT AGREL EEe~T Page 77 or 77 re , - 9 I Ifl 7 Tto j N r ww < 4 tcZ m m - i:, fill I �01 � LL� { u Ul r l i •a� { U i Ll X A {> e _ Yp 1 FI 4` � 1 1 S4 Pt14 r 4 4 Xlp��tAIYSt,}1 t �I tt �v �7 l- Jr to �srl�tt 4 W{ to �ttri 4 �411t r i i a= 4 ts; t„ la �r. 4-4 tD� p i X"47 q . lis to, 1p4 r � e tf t, f z 4 �If pr Vl p4p ak p" p ,L z �w� P 1 fP 0 � r � ,t da r 1'�f til�";3V� ,I[ `1i A s s4a4s s ` i �r 0 If � 41 �i � �'4if}s 01 4s rhe Ail IP � ah r�J" s ke 1 4 4➢ j.....4Sy..;"r 4��! i `k� � z 4 �; �� rr 10°,i,4�` s `tt '4 , al 4111, s 4 Ell VFlsPi�.a O Ft £Av41t1 ��ns�tu! W 6 w INQ FR'A ! Tf C t tsst slu 'A 41 i �' »'—`I4"���s 'j�is{u Isc n hk it k�ia �,r® .VJ Aig aj W . ML k� e � m ter. aE R a pq � e �`" 10 REA 6 F u u a 9 � Y in1 tk n• , $ j i1 1 r �.r r�'• i i 14 1 a,ry 1 i 1 arw OCUN An" E-4 r a 5 a r r 1 ,fit-i.• E63 ; � i 1 °'" 0 - D � .. c n � TAX INCREMENT REVENUE FUNDING AGREEMENT This Tax Increment Revenue Funding Agreement(hereinafter"Agreement")entered into asofthe_Ltt_dayof lnouk44 - 20likbyandbetween: I QF4 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY, a public agency created pursuant to Chapter 163, Part III of the Florida Statutes,(hereinafter referred to as "CRA"). with a business address or710 North Federal Highway, Boynton each. Florida 33435. and OCEAN ONE BOYNTON, LLC, a Florida limited liability company. with a business address or c/o Washington Real Estate Partners, LLC. 9804 South Military Trail. Suite E-11. Boynton Beach,FL 33436(hereinafter referred to as the 6'Dcveiopce*). liECIT*ALS Wl­IEREAS, Developer intends to construct the Project which will include a minimum or 231 multi-family units with related amenities and approximately 8.575 square reet or commercial space as depicted in the Site Plan attached hereto as Exhibit"A,"(hereinafter referred to as the"Prajece'):and WHEREAS.the CRA has determined that the Project rurthers the Boynton each Community Redevelopment Plan;and WHEREAS,Developer hast knowledge,ability,skill f.and resources to effectuate the construction and development of the Prcject-,and WHEREAS,the CRA has determined that a public-privatc partnership in which the CRA provides Tax Increment Revenue Funding ror the Project will further the goals and objectives or the Community Redevelopment Plan; NOW THEREFORE, in consideration of the mutual covenants and promises set north herein.the sun ciency or which both Parties hereby acknowledge.the Parties Agree as rollows: cation 1, l,neorLIoration. The recitals above and all other inrannation above are hereby incorporated herein as if fully set forth. Saction Z. efinitions. As used in this Agreement, the following terms shelf have the rollowing meanings. which shelf apply to words in both the singular and plural for or such words: 2.1. "Base Year"mean the base year for determining Tax Increment Revenue from the Project. 2.2 "Benchmarks" shall be the various percentage thresholds or occupancy or the 8.575 commercial/retail space for any year or the Phase I Term as set forth in Paragraph 5.1.6. 2.3 "Certificate of Occupancy"means the certificate issued by the City pursuant to the City or Boynton Beach Building and Zoning Code indicating that a building or structure complies with all applicable City of Boynton Beach Building and Zoning Code requirements and that the some may be used for the purposes stated therein. 2.4. "City"means the City of Boynton Beach. Florida. 2.5. "Commencement of Construction" or "Commence Construction" means obtaining an official permit in hand lor any or the construction activities contained herein and beginning to actually demolish, excavate or prepare the site for development of the applicable phase or the Project in accordance with the City Code and continuing until completion or construction of the Project or Phase or the Project as applicable in accordance with the Florida Building Code. 2.6 "Community Outreach Partner" means the for-profit or non-prolit group or organization selected by Developer with whom Developer shall coordinate on the issues and obligations in this Agreement pertaining to employment of City residents and jobs for Locally Owned Small Businesses. 2.7 "Contractor" means a general contractor, a subcontractor or any other business entering into a contract with the Developer related to the construction orthe Project or part thereof. 2.8 "Effective Date" shall mean the date the lost party to this Agreement executes this Agreement. 2.9 "Good Faith Effort" is considered to have been made when the respective parties have used reasonable means to comply with the associated directives and/or provisions set forth in this Agreement. 2.10 "Grey Shelf" means an unfinished interior. lacking heatingy, ventilating, air conditioning, lighting, plurnbing, ceilings, elevators. interior walls, etc. and ready for tenant improvements. 2.11 "Locally Owned, Small Businesses"means any business that is wholly owned by individuals who reside in the City. If business is owned by corporation,then the corporation must be wholly owned by individuals who reside in the City. ll'the business is owned by a 1) partnership or limited liability company,then at least 20%of its partners or members must reside in the City. 2.12 "Minimum Living Wages'means the hourly rate that an individual must earn to support his or her family if they are the sole provider and am working full time(2,080 hours per year) in accordance with Palm Beach County Code Chapter 2, Article IV, Division 3 (the Palm Beach County Living Wage Ordinance),as amended. 2.13 "Nationally Recognized High Performance Green Building Rating System" means any one of the following: the Florida Green Building Coalition (FC) Standards, the Green Building Initiative's (GBI) Green Globe rating system, the United States Green Building Council (USGBC) Leadership in Energy and Environmental Design (LD) Standards, or the National Association of Homebuilders(NAHB)National Green Building Standards(NGBS). 2.14 "Pledged Project Increment Revenue" means an amount calculated by multiplying Tax Increment Revenue from the applicable phase of the Project by agreed upon percentage factor as provided for in this Agreement. 2.15 "Property"means the property subject to this Agreement upon which the Project shall be developed as more particularly described in Exhibit"B,11 hereto. 2.16 "Site Plan" shall mean the approved Site Plan attached hereto as Exhibit "A," approved by the City of Boynton Beach,file#NSP 16-002. Section 3. bevels er"s Obligations and Covenants. 3.1 Construction of the Project. Developer agrees to Commence Construction of the Project within two(2)years of the Effective Date of this Agreement. 3.1.1 The Project shall conform to the Site Plan and shall include the following, which shall hereinafter be referred to as"Phase I Improvements:": a. Developer shall construct a minimum of 231 multi-family residential units with related amenities. b. ' Developer shall construct a minimum of 8,575 square feet of commercial/retail space; C. Developer shall construct Parking Improvements,conceptually depicted on Exhibit 11C,"hereto,consisting,at a minimum of Fifty(50)public parking spaces ("Public Parking") that shall be restricted for public use and that shall not be available to the Phase I residential units. The Parking Improvements may consist of structured parking, surface parking, valet parking, mechanical parking, shared parking or any other means as allowed under local city ordinance.Upon completion of the Public Parking, Developer and the CRA shall enter into a Parking Management Agreement to establish the maintenance responsibilities of the CRA for the Public Parking. If a Parking Management Agreement is not negotiated and executed by the Parties within one year of the completion of construction of the 3 Public Parking,either party may request binding arbitration to complete the terms orthe Agreement. d. Construction of the multi-11imily residential units for the Project shall be in compliance with.qualify for and receive Florida Green Building Certification. e. Prior to and during the construction of the Project,the Developer shall * 1-lire a job placement consultant during the construction period of this Agreement-. 9 I-lost a job fair: e Give priority to Contractors that are Locally Owned Small Businesses to participate in the construction Of Phase I of the Project, o Include in all contracts with Contractors requirements that the Contractors use Good Faith Efforts to hire and train City residents to participate in the construction of Phase I of the Project;' a Provide a list of job positions and descriptions to the Community Outreach Partner and agree to give priority to qualified job applicants referred by the Community Outreach Partner to participate in the construction of hase I of the Project; * Use Good Faith Efforts to offer pen-nanent job positions resulting from Phase I of the Project to qualified City residents, a Notify and refer job training and job placement Opportunities to the Boynton Beach Community High School and South Tech Academy in Boynton Beach in the event each arc able and Willing to provide such training;and e Pay or cause to be paid new hires in alt permanent positions residing within the City a minimum of the Living Wage. Section 4. Annual Performance Report. Developer shall annually provide the CRA with an Annual Performance Report for the Project indicating the status or Developers compliance with the requirements or this Agreement as set forth in Sections 3 and 5 of this Agreement and evidencing that Developer has paid all property taxes for the Property for the preceding year.Such report must be submitted to the CRA no later than the lost day of April for the preceding year in a form substantially in accordance with the form attached hereto as Exhibit"D." Section 5. Certification Requirements. 4 5.1 As a condition precedent to its receipt of any Pledged Project increment Revenue pursuant to this Agreement: 5.1.1 Developer must have taken all steps necessary to divide the Property into. two separate parcels such that the Phase I Property and the Phase 11 Property have been assigned individual Parcel Control Numbers by the Palm Beach County Property Appraiser and these Parcel Control Numbers have been placed on the Palm Beach County tax rolls and assigned taxable value prior to the Base Year for each Phasc;and 5.1.2 Developer must have timely provided its Annual Performance Report providing evidence or compliance with the requirements of this Agreement as set Forth below and evidencing that Developer has paid all property taxes for the preceding year: and 5.1.3 Upon receipt or the Annual Performance Report. 2. the CRA shall review and approve the Annual Performance Report at the next available CRA meeting as meeting the requirements in Section 4 above and cenilying Developer's compliance with all conditions precedent for receiving Pledged Increment Revenue lbr that Phase 1, which approval shall not be unreasonably withheld: 5.1.4 The CRA has received Tax Increment Revenues from the completed Phase I Improvements subsequent to the Base Year:and 5,1.5 Developer shall not be entitled to any Pledged Prcjcct Increment Revenue payments if the Developer has failed to meet its obligations under this Agreement or is otherwise in default Linder the terms of this Agreement and has railed to sufficiently cure the default as provided for herein after appropriate notice of such default has been given. There is no obligation by the CRA to disburse the Direct Incentive Funding during any cure period or in the event the Developer is in default of this Agreement so long as,once a default is cured, Developer shall continue to receive their Direct Incentive Funding for the Project up to the Pledged Project Increment Revenue and any time periods for performance hereunder shall be extended for the same period of time needed to cure the default. 5.1.6 Should Developer fail to meet the Benchmarks set below regarding occupancy or 8.575 square feet or commerciallretail space (the "Commercial/Retail Space")for any year of the Phase I Term,Developer's percentage of the Pledged Increment Revenue to be paid to Developer shall be reduced by 10%for that year of the Phase I Term. a. Developer must certify that 25%or the Commercial/Retail Space has been occupied by commerciallretail tenants by at least the third year ol'the Phase I Term as defined herein. Once the 250 threshold is obtained, whether it be in the first. second or third year,the threshold shall be deemed satisfied forever, even if in the future the actual amount occupied thereafter is less than 25%. Accordingly,as long as Developer did not default under any commercial lease and continues in good faith to re-market the property for lease, once the 25% threshold is achieved. 5 Developer shall be entitled to the Pledged Increment Revenue florthe year in which the 25% threshold is achieved and each year thereafter during the Phase I Term unless a greater Benchmark, is achieved: b. Developer must certify that 50°1'®or the Commercial/Retail Space has been occupied by commercial/retail tenants by at least the sixth year of the Phase I Term as defined herein. Once the 50% threshold is obtained, whether it he in any year prior to the end of the sixth year of the Phase I Term.,the threshold shall be deemed satisfied forever,even if in the future the actual amount occupied thereafter is less than 50°✓®.Accordingly,as long as Developerdid not default under any commercial lease and Continues in good faith to re-market the property for lease,once the 50% threshold is satisfied,Developer shall be entitled to the Pledged Increment Revenue for the year in which the 50%threshold is achieved and each year thereafter during the Phase I Term unless a greater Benchmark is achieved;and C. Developer must certify that 70%of the Commercial/Retail Space has been occupied by the commercial/retail tenants by at least the eighth year or the Phase I Term as defined herein. Once the 70%®threshold is obtained, whether it be in any year prior to the end or the.eighth year or the phase I Term.the threshold shat I be deemed satisfied forever,even if in the future the actual amount occupied thereafter is less than 70%. Accordingly, as long as Developer did not default under any commercial lease and continues in good faith to re-market the property for lease, once satisried, Developer shall be entitled to the Pledged Increment Revenue for year in which the 70% threshold is achieved and each year thereafter during tile Phase I Term. 5.2 Certification. 5.2.1 Developer shall certify in its Annual Performance Report that it has met its obligation under Section 3.1.1 a. and 3.L.I.b. of this Agreement by providing a Certificate of Occupancy for all residential components of the Phase I Improvements and Certificate of Completion for all nonresidential components or the Phase I Improvements from the City of Boynton Beach indicating the 100 percent completion of all Phase I Improvements and demonstrating that the taxable value of-all Phase I improvements have been placed on the Palm Beach County tax tolls for the Phase I Property. 5.2.2 Developer shall certify in its Annual Performance Report that it has met its obligation under Section 3.1.1.c of this Agreement by demonstrating that it has constructed the Public Parking and by documenting signage and other means by which these Public Parking spaces are clearly reserved for use by the Public and excluded from use by multifamily and commercial units that are part of the Project. 5.2.3 Developer shall confirm in its Annual Performance Report that it fins met its obligation tinder Section 3.1.Ld or this Agreement by providing proof of receipt of Florida Green Building Certification. 6 5.2.4 Devclopersliall certify in its Annual Performance Report that it has met its obligation under Section 3.1.Lc of this Agreement by: a. Demonstrating that it hired and utilized the services or a job placement consultant and by reporting the job placement consultant*s activities during construction Of Phase I of the Project: b. Demonstrating that it held ajob flair;and C. Requiring all Contractors covered by the terms orthis Agreement to provide annual copies OF its records,reports or any other information necessary to monitor compliance with the provisions of Section 3.1.1 e or this Agreement and require all Contractors to Submit annual payrolls to the Developer that include the ffillowing information pertaining to all Locally Owned Small Business hired to work on or for Phase lorthe Project: name, address and the number or hours worked for the period,until a Certificate ol.'Occupancy is issued Ilor at least 90%of the residential units of Phase I of the Project. Section 6. Pledged PW ct Increment Revenue. le 6.1 Formula and Term. 6.1.1 The amount of the Pledged Project Increment Revenue to be paid Developer pursuant to this Agreement is based on (lie following formula: a. Developer shall receive Pledged Project Increment Revenue for Phase I Improvements for a term or eight (8) consecutive years, beginning the year Developer demonstrates it has met all conditions precedent to receiving Pledged Project Increment Revenue as provided in Sections 3. 4, and 5 or this Agreement for the Project and upon final certification of tax assessments within the CRA District by the Palm Beach County Property Appraiser for the preceding year (hereinafter the -'Phase I Term"). The amount of Pledged Project Increment Revenue due to Developer during the Phase I Term shall be determined pursuant to the following formula: For Years I —7 of the Phase I Term. Developer shall receive Seventy-rive percent(75%)of the Pledged Project Increment Revenues actually received by the CRA., and For Year 8 orthe Phase I Term,Developer shall receive Fifty percent(50%) of the Pledged Project Increment Revenues actually received by the CRA. 7 b. 'rho Base Year Ibr cletermining,rox Increment Revenue firom the]'reject shall be as follows, For the Phase I Term,the year prior to commencement ofconstruction of phase I Improvements on the Property. 6.2 No Prior Pledge of Pledged Project Increment Revenues. The CRA warrants and represents that the Pledged Project Increment Rcvcnues are not the subject of any prior pledge by the CRA and agrees that such revenues shall not be assigned.pledged,hypothecated or secured by the CRA for the period covercd by term of this Agreement. 6.3 Form of Payment. Paymcni ol'sitall be in the Corm ora CRA check made payable to the Developer. No payment made under this Agreement shall be conclusive evidence or tile perfisirmante of this Agreement by Developer.either wholly or in poet, and no payment shall be construed to relieve Developer of obligatiOnS Linder this Agreement or to be an acceptance of faulty or incomplete rendition or Developer's obligations under this Agreement section 7. Notice and Contact. Any notice or other document required or allowed to be given pursuant to this Agreement shall be in writing and shall be delivered personally, or by recognized overnight courier or sent by certified mail., postage prepaid, return receipt requested. The use orclectronic communication is not considered as providing proper Notice pursuant to this Agreement. If to CRA, such notice shall be addressed to: Michael Simon. Interim Executive Director Boynton each Community Redevelopment Agency 71f North Federal H i ghway, Boynton Beach. Florida 33435 With a copy to: Tara W. tinny. Esq. Lewis.Longman& Walker. P.A. 515 North Flogler Drive Suite 1500 West Palm each.Florida 33401 irto Developer.such notice shall be addressed to: Mr. Michael Ross Occon One Boynton, LLC c/o GuIrstream Property Munagernent 9804 South Military Trial 8 Suite E-I I Boynton Beach, FL 33436 Mr. William Morris Soulliconst Advisors. LLC 777 E.Atlantic Avenue Suite 100 Delray Beach, FL 33493 F. Davis Camalier Washington Real Estate Partners 1629 K Street N.W. Suite 1200 Washington. DC 20006 With a copy to: Bonnie Miskel.Esq. Gary S. Dunay, Esq. Dungy.Misk-el and Backman, LLP 14 SE 41"Street Suite 36 Boca Raton,FL 33432 Section K. pe-ram The failure ot'Developer to comply with the provisions set forth in this Agreement shall constitute a default and breach orthis Agreement. If Developer fails to cure the default within thirty(30)days or notice from the CRA. the CRA may terminate this Agreement and all obligations for payment of Pledged Project Increment Revenue to Developer shall cease. Section 9. Termination. Unless earlier terminated pursuant to the terms herein, this Agreement shall automatically terminate upon the last disbursement of Pledged Project ruj c t Revenue to Developer for the Project,or within two(2)years of the EI'llective Date irthe Developer has failed to commence construction orthe Phase I Improvements subject to force majeure. Either Party may elect to ten-ninate this Agreement by providing 45 drays written notice to the other Party upon one or more or the following occurrences: a. The deffiult of either Party. if such derault is not cured within the time prescribed by this Agreement: b. The Panics enter into a mutually agreed upon,written Addendum,the effect of which it to terminate this Agreement. Section 10. Miscellaneous Provisions. 9 10.1 Waiver, The CFA shall not be responsible for any property damages or personal injury sustained by Developer finnan any cause whatsoever related to tine development of the Project, whether such damage or injury occurs bef=ore, during. or alter the construction or tine Projector the term or this Agreement. Developer hereby forever%valves.discharges,and releases the CRA,its agents.and its employees,to the fullest extent the lav allows, from:any debility for any damage or injury sustained by Developer, Ihis vraiver,discharge,and release specifically include negligence by the CRA, its agents, or its employees, to the fullest extent the law A lanw& 10.2 Indemnirication. Developer shall irmdemniry, save, and hold harmless tae CRA, its agents,and its employecs from any liability,claim,demand,stmt, loss,cost.expense or damage which may be asserted,claimed.or recovered against or from time CRA.its 4a ents,or its employees. by reason of any property damages or personal injury, including death. sustained by any person whomsoever. which damage is incidental to, occurs as a result or, arises out of, or is otherwise related to time negligent or wrongful conduct or the faulty e uipmermt (including equipment installation and removal.)of Developer. Nothing in this Agreement shall be deemed to a llect the riotlnts. privileges. and sovereign lantnU pities or time CRA as set forth in Section 768.28, Florida Statutes.This paragraph s aaalI not be construed to require Developer to indemnify tine CRA for its own negligence.or intentional acts or tile CRA.its agents or employees. Each party assumes tine risk of personal injury and property damage attr butatb e to the acts or omissions of that party and its ol'licer ,employees and aetats. 10,3 Assignment. This Agreement may only be assigned by the Developer to record owners or the Property %vide the prig written consent of the CRA, which consent shall not b unreasonably withheld, provided, however. that any assignee her to shalt specifically assume e all o the obligations or the Developer under this Agreement 10,4 Successors and Assigns, The CRA and Developer each binds itself' and its Partners, successors, executors. administrators and assigns to the other party and to the partners, successors,executors,administrators and assigns of such other party. in respect to all covenants of this Agreement.Nothing herein shall be construed as creating any personal liability on the part or any officer or agent of the CRA, nor shall it be construed as giving any rights or benefits hereunder to anyone other unarm the CRA and the Developer. 10,E No Discrimination. Developer shall not discriminate against any person on the basis or race,color. religion. ancestry. national origin,age, seg. marital status, sexual ori emttatiasrn or disability for any reason in its hiring or contracting raac:tices associated with this Agreement, 1086 No Partnership, Etc. Developer agrees nothing contained in this Agreement shall e deemed or construed as creating a partnership,joint venture, or employee relationship. It is specifically understood that Developer is are independent contractor and that no employer/employee or principal/agent is or shall be created nor shall exist by reason or this Agreement or the performance Leander this AgreemenL 10.7 Public Records: The CRA is a public agency subject to Chapter 119, Florida Statutes. Developer shall comply ravish%r$lor daa`s Public Records Law. Specifically,the Developer shall; 10 a. Keep and maintain public records required by the CRA to perforin tile public services provided ror in this Agreement; b. Upon request from the CRA*s custodian of public records,provide the CRA with a copy orthe requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed tile cost provided in this chapter or as otherwise provided by low. C. Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements arc not disclosed except as authori7ed by law for the duration or the contract lerm and following completion of the contract if Developer does not transfer the records to the CRA. d. Upon completion or the contract.transfer,at no cost, to the CRA all public records in possession or Developer or Leep and maintain public records required by the CRA to perrorm the service. if Developer transibrs all public records to the public agency upon completion of the contract. Developer shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If Developer keeps and maintains public records upon completion of the contract. Developer shall meet all applicable requirements far retaining public records. All records stored electronically must be provided to the CRA.upon request fro rn the CRA*s custodian of public records.in a forrilat that is compatible with the information technology systems of the CRA. IF DEVELOPER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119,FLORIDA STATUTES,TO DEVELOPER'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN Or, PUBLIC RECORDS AT (561)737-3256; 710 North Federal Highway,Boynton Beach, Floeida 33435;or BoyatonBeuchCRA6rJ%kn s. 10.8 Entire Agreement. This Agreement represents the entire and sole agreemcn(and understanding between the Parties concerning the subject matter expressed herein. No terms herein may be altered,except in writing and alien only ii'signed by all the parties hereto. All prior and contemporaneous agreements. understandings, communications. conditions or representations. or any kind or nature. oral or written. concerning the subject matter expressed herein.are merged into this Agreement and the terms of this Agreement supersede all such other agreements. No extraneous information may be used to after tile terms orthis Agreement. 10.9 Counterparts and Transmission. To facilitate execution,this Agreement may be executed in as any counterparts as may be convenient or required.each orwhich shall be deemed an original, but all or which together shall constitute one and the same instrument. The executed signature page(s) 1rom each original may be joint together and attached to one such original and it shall constitute one and the same instrument. Inaddition. said counterparts may be transmitted electronically (i.e.. via racsimile or pdf lormat document seat via electronic mail), which transmitted document shall be deemed an original document for all purposes hereunder. II 10.10 Agreement Deemed to be Drafted Jointly. This Agreement shall be deemed to be drafted jointly and shall not be construed more or less ravorably towards any of the parties by virtue of the fact that one party or its attorney drafted all or any part thereof. Any ambiguity found to exist shall be resolved by construing the terms of this Agreement fairly and reasonably in accordance with the purpose of this Agreement. 10.11 Governing Law, Jurisdiction, and Venue. The terms and provisions of this Agreement shall be governed by,and construed and enforced in accordance with. [lie laws or the State of Florida and the United states of America, without regard to conflict of low principles. Venue and jurisdiction shall be Palm Beach County.Florida. ibr all purposes,to which the Parties expressly agree and submit, 10.12 Independent Advice. Tile Parties declare that the terms or this Agreement have been read and are fully understood. The Parties understand that this is a binding legal document. and each Party is advised to seek independent legal advice in connection with the matters referenced herein. 10.13 Severability. If any part or this Agreement is found invalid or unenforceable by any court. Such invalidity or unenforceability shall not affiect the other parts of the Agreement if the rights and obligations or the Parties contained herein are not materially prejudiced and if the intentions or the Parties can continue to be achieved. To that end. this Agreement Is declared severable. 10.14 Voluntary Waiver of Provisions. The CRA may, in its sole and absolute discretion.waive any requirement of Developer contained in this Agreement. 10.15 Compliance with Laws. In its performance under this Agreement.Developer shall comply with all applicable federal and state laws and regulations and all applicable Palm Beach County.City or Boynton Beach,and CRA ordinances and regulations. 10.16 Effective Date. This Agreement will become eff'cctive upon the date and time the last party executes this Agreement. 10.17 Survival. The provisions orthis Agreement regarding public records. indemnity. and waiver shall survive the expiration or termination or this Agreement and remain in full force and effect. IN WITNESS OF THE FOREGOING,the parties have set their hands and seals the day and year first above written. WITNESSES OCEAN ONE BOYNTON, LLC a Florida limited 111-1 ilit company By:, Print Name: Print arae: OJI 4a� _ .._. Title: #V s .501w.. int me: j 'AT[:Or FI.ORIDA } } COUNTY OF i SS: BEFORE, rVIE. an officer duly authorized b , law to administ•r oaths and take acknowledgments. personally appeared w� � �� as s e of OCEAN ONE BOYNTON, LLC. and acknowledged under oath that h0she has executed the foregoing Agreement as the proper official of OCEAN ONE , for the use and purposes mentioned herein and that [lie instrument is the act and deed of OCEAN ONE BOYNTON,LLC. I le/she is rso ally •notion to me or has produced as identification . IN WITNESSF 1'I lE I, l . I have set my han and official seal at in the State and County alloresaid aforesaidon this. '?_ sty of •201 My Commission Expires: f tui t •of Florida at , ge MYCOMM IO- .. :.wr. IREMAINDER OF PAGE INTENTIONALLY 1CRA SIGNATURE ON FOLLOWING PAGE1 13 WITNESSES BOYNTON BEACH COMMUNITY REDEVELOPMEN GE Y xrFl � w, By: F� = � Print Namc: i,�� y /L"'Lry "A Steen Grant.CRAB oardChair rant am off, STATE OF FLORIDA ) S: COUNTY F PALM BEACI,I BEFORE , an of icer duly authorized by law to administer inister oats and take acknowledgments.,personall appeared teven Grant as Board Chair ol'BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY. and acknowledged un er oath that he/she has executed the foregoing et as the proper official of BOYNTON BEACH COMMUNITY REDEVELOPMENT C , for tate use and purposes mentioned herein and that the instrument is (lie act and deed of BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY. He/she is personally known to me or has produced as identification. I WITNESS F I1E FI . ! lieu } rt y e set an an official seal at i the tate and County o csai on this da of ,20 I f �yY9 My Commission Expires: ry 'c,St e of Floridaat ca—my— L-1 - c L�.. n NOTARY LIG STATEC} I G f Expires 1 1 Exhibit "All (Project) (sec attached) 15 U9 AY Hai i Rom A t Rom"" �. �1�1y t f Mal ON Jig . 29 1t 6f °I`;!11 i o ,W]AW91 ti • 3 ! E l:.1 .... 1 ® �t one m. . HEN°PREEDMAN ENCINOSA 8c tlow K HOWAY DOWM WACH FL ArchlW&PA Exhibit "B" (Property) (see attached) 17 647 T8t(601 241-"U a 0 81aa Fk>fltls 93188 IV26.1lL"G 6 MUPl6I"0' F9x,O 241-6192 SKETCH AND LEGAL DESCRIPTION (NOT A URVE'Y) OCEAN ONE - PHASE 1 LEGAL DESCRIPTION A PORTION OF THE NORTHWEST ONE-QUARTER OF SECTION 27, TOWNSHIP 45 SOUTH.RANGE 43 EAST, PALM BEACH COUNTY,FLORIDA, INCLUDING PORTIONS OF LOTS 1 THROUGH 8, "FUNK BROS. ADDITION TO THE TOWN OF BOYNTON",AS RECORDED IN PLAT BOOK 2 AT PAGE 13 OF THE PUBi.IC RECORDS OF PAIN. BEACH COUNTY,FI ORIDA, AND A PORTION OF LOT 41 "DEWEY'S SUBDIVISION", AS RECORDED IN PLAT BOOK 1 AT PAGE. 37 OF SAID PUBLIC RECORDS, ALL IN ACCORDANCE WITH THE "AGREEMENT PLAT", AS RECORDED IN PLAT BOOK 10 AT PAGE 2,AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 771 THENCE NORTH 890 55'38" EAST, ALONG THE NORTH LINE OF SAID SECTION 27, A DISTANCE OF 86.08 FEET; THENCF SOUTH Ona 01'22" EAST, A DISTANCE OF 22,00 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89"551381, EAST, A DISTANCE OF 216.56 FEET TO THE POINT OF CURVATURE OF A CIRCULAR CURVE TO THE RIGHT; THENCE EASTERLY AND SOUTHERLY ALONG THE ARC OF SAID CURVE,HAVING A RADIUS OF 25.00 FEET AND A CENTRAL ANGLE OF 88'20'52", A DISTANCE OF 38.55 FEET TO THE POINT OF TANGENCY. THENCE SOUTH 010 431301' EAST, ALONG A LINE 15.00 FEET WEST OF AND PARALLEL WITH THE EAST LINE OF SAID LOTS 1 THROUGH 6 AND THE EAST LINE OF SAID LOT 41, A DISTANCE OF 287.77 FEET: THENCE SOUTH 88'37'13" WEST, A DISTANCE OF 268.22 FEET; THENCE NORTH 01.23'00" WEST, ALONG A LINE 60.00 FEET EAST OF AND. PARALLEL WIlH THE WEST LINE OF SAID SECTION 27, A DISTANCE OF 292.55 FEET TO THE POINT OF CURVATURE OF A CIRCULAR CURVE TO THE RIGHT; THENCE 'NORTI IERLY AND EASTERLY ALONG THE ARC OF SAID CURVE,HAVING A RADIUS OF 25.00 FEET AND A CENTRAI ANGLE OF 910 18'38", A DISTANCE OF 35.84 FEET TO THE POINT OF BEGINNING. SAID LANDS SITUATE IN THE CITY OF BOYNTON BEACH,PALM BEACH COUNTY,FLORIDA,AND CONTAIN 83,950 SQUARE FEET,MORE. OR LESS, NOTES 1. REPRODUCTIONS OF THIS SKETCH ARE NOT VALID WITHOUT THE SIGNATURE AND THE ORIGINAL RAISED SEAL OF A FLORIDA LICENSED SURVEYOR MD MAPPER 2. NO SEARCH OF THE PURI IC RECORDS WAS MADE IN THE PREPARATION OF THIS SKETCH AND DESCRIPTION. 3. BEARINGS SHOWNgqIEREON ARE BASED ON THE WEST LINE OF THE NORTHWEST ONE- QUARTER ETE P ,SECTION00 1MA E4SYSE STATE OF NORTH EAST ZONE. RTHRAMERIC DATUM OF 1983.1000 ADJUSTMENT_ CERTIFICATION IHEREBY CERTIFY THAT THE SKETCH AND DESCRIPTION SHOWN HEREON COMPLES WITH STANDARDS OF PRACTICE AS CONTAINED IN CHAPTER 81G17-8,FLORIDA ADMINISTRATIVE CODE,PURSUANT TO SECTION 472027,FLORIDA STATUTES,AND THAT SAID SKETCH{ AND DESCRIPTION IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF AS PREPARED UNDER MY DIRECtION. SURVEYOR AND MAPPER FLORIDA LICENSE NO.LS5111 teatant low# miw .------To _® Ottii 6�826820I7 as wt, 04 In 1009 art ,LSI( a•p IV. 70 SIIEBT 10F 2 18 P.O.C. SKETCH AND LEGAL DESCRIPTION NW CORNER- _ v ._(NOT A SURVEY) _ 1 {NOT 10Ot VO}45 43 N890 55'38"E 8fi D ' �.. _ . _ . BOYNTON BEACH BLEV P.O.B. `� N TINE sr:cTloN 27-45-43 NOW55`38'E 216.58' =25.0 •38.55 L 0.88°20-52" b 500.04°22"E U- WJW 22.00' go. P LOT 1 A[ L•39.840I D-91°18'38" _ _. LOT 2 a o __ _.r_ SPL EASEMENT Cw (ORB 19094.PG.1699) !OT 3 N "AGREEMENT LOT 4 10.PG. 2) P jl�,�fn zI tO "FUNK BROS. ADDITION' ��--yLIN j Z OT 5 min �i170on r I LOT ( 0 'I i � SOSO 37'13"W 288.22' ` i N n _1101 R/W TO 8F ws r DEDICATEDo h 15' -•- p z p o I "AGREEMENT PLAT" — `� {P.s 10,PG. 2) i i c p IZ "pEWEY S®T 41 SUBDIVISION" (P.B. 1,PG. 37) iLIM i ABBREVIATIaS L ARCLENOIN a DELTA ICENtnAL ANCLEI l+B. LICENSED DI>61NES3 1 L.5. LICENSCa SRnvEyoN D.N.D. OFFICIAL RECORDS Dim P.O.H. POINT OF 8901*4HIfIO PAINT OF COIMNCEVEN1 PLAT DOOR S LINE-LOT 41 F.D.C.N. PALMOEACII COUNtT ALCORDS ®. PG. PACE .-... ®..,r —..®.. ®. P.S.R. PROFESSIONAL SURVErOA OCEAN AVENUE(SR 8t14} a uaPPrn NM RIONr•OF.WAY Pr°d ti woo O M-0.. �7� -_ JSH _.._ be i.4t� MAD, °G 1lrf _SP �i45a db&/7BP2pl;!' L 2OF 2 Exhibit"C" 19 (Public Parking) (see attached) 20 t 4 IL VAL _. .c.v.. —p _ S I 21Q can, Ei CA"COP fmvdvnwi }sy • • M • • f • I Av ix0 _. _.- e....w _P. a .. .. � .,:•y:. ® • _... EXHIBIT V' ANNUAL PERFORMANCE REPORT FOR (shalt be required annuilly) Time Period Date Prior to and during the construction of Phase I(if a plicablle . 1. Mired job placement consultant on 2. Hosted a job fair on Noticed through the CommunitV Outreach Partner,availability of employment opportunities related to construction of Phase I of the project on 4. Provided evidence of requirement in subcontractor's contracts to Dire and train local residents . Provided list of job positions and descriptions to Community Outreach Partner 5< Receipt of written confirmation from the contractor and subcontractors of the requirement to useminimum living wage on Prior to and during the construction of Phase 11 if applicable): 1. Obtained approval for a 100-room hotel on Provided written confirmation of approval of the 50 additional public parking spaces(identifying the public parking spaces)on -- Post construction n Certification requirements Phase I certification(if applicable) 1. Provided Certificate of Occupancy from the City of Boynton Beach or other governmental agency demonstrating Certificates of Occupancy for the Phase I's 231 multi-family units on 2. Provided a Certificate of Completion for 21 the Project's 8,575 square feet of commercial is completed as a Grey Shell on 3. Provided certificate of completion of the 50 Phase I public parking spaces on 4. Provided written confirmation of compliance with a Nationally Recognized High Performance Green Building Rating System on 1-3 FIRST AMENDMENT TO TAX INCREMENT REVENUE FUNDING AGREEMENT This First Amendment to Tax Increment Revenue Funding Agreement ("First Amendment") is made and entered into to be effective January 15, 2020, by and between Ocean One Boynton, LLC, a Florida limited liability company, with a business address of c/o Washington Real Estate Partners, LLC, 9804 South Military Trail, Suite E-11, Boynton Beach, FL 33436 (hereinafter the "Developer") and the Boynton Beach Community Redevelopment Agency, a public agency created pursuant to Chapter 163,Part III of the Florida Statutes with a business address of 710 N. Federal Highway, Boynton Beach, Florida 33435 (hereinafter the "CRA") (collectively the "Parties"). WHEREAS, the CRA and Developer entered into that certain Tax Increment Revenue Funding Agreement dated January 16, 2018 (hereinafter "Agreement"), relating to development of the Project,as more fully defined and described in the Agreement; and WHEREAS, the Parties desire to amend the Agreement as hereinafter provided; NOW THEREFORE, in consideration of the mutual covenants and promises set forth herein,the sufficiency of which both Parties acknowledge,the Parties agree as follows: 1) The recitals above and all other information above are hereby incorporated herein as if fully set forth. 2) Unless otherwise expressly defined herein, all terms used herein shall have the same meanings given to such terms in the Agreement. 3) Section 2.8 of the Agreement is hereby amended as set forth below with text that has been struck through indicating language to be deleted and with text that has been underlined indicating language to be added, 2.8 "Effective Date" shall mean Januai-v 16. 2018. the date the !art paf�y to this Agfeem �* 4) Section 3.1 of the Agreement is hereby amended as set for below with text that has been struck through indicating language to be deleted and with text that has been underlined indicating language to be added. Section 3.1 Construction of the Project. Developer agrees to Commence Construction of the Project within twe-(2)three.4 3 years of the Effective Date of this Agreement. Deyelo)er shall dilh-=tK, and continuously l.)ursue comt)letion, of_construction of the Pro'ect after issuance of the first building permit, subject to force maieure. 5) Subsection 3.1.1 shall remain as set forth in the Agreement. 6) Section 9 of the Agreement is hereby amended as set for below with text that has been struck through indicating language to be deleted and with text that has been underlined indicating language to be added. 01233511-3 Section 9. Termination. Unless earlier terminated pursuant to the terms herein, this Agreement shall automatically terminate upon the last disbursement of Pledged Project Increment Revenue to Developer for the Project, or within two (2) three 3 years of the Effective Date of this Agreement if the Developer has failed to commence construction of the Phase I Improvement subject to force majeure. Either Party may elect to terminate this Agreement by providing 45 days written notice to the other Party upon one or more of the following occurrences: a. The default of either Party, if such default is not cured within the time prescribed by this Agreement: b. The Parties enter into a mutually agreed upon, written Addendum, the effect of which is to terminate this Agreement. 7) Except as expressly set forth in this First Amendment, the Agreement is unmodified and remains in full force and effect, and is hereby ratified and confirmed by the Developer and the CRA. This First Amendment may be executed in any number of counterparts, and one and all of which shall constitute the agreement of the Parties and each of which shall be deemed an original. To the extent of any conflict between the Agreement and this First Amendment,this First Amendment shall control. 8) Nothing herein shall alter the terms and conditions of that separate Purchase and Development Agreement dated January 16,2018,by and between Ocean One Boynton,LLC and the Boynton Beach Community Redevelopment Agency, which Purchase and Sale Agreement references and sets deadlines based upon time frames contained in the Agreement. IN WITNESS WHEREOF,the parties hereto set their hands and seals the day and year first above written. 01233511-3 WITNESSES OCEAN ONE BOYNTON,LLC a Florida limite- liability company w _ By: _ Print Name: t s t Print Name: M MF .... � - Title patu ciol.-6 6 b— Pr it Name: 0.t q-i c t aNoble- STATE OF i 0'— COUNTY OF The foregoing instrument was acknowledged before me by means of physicaal presence or ❑ online notarization, this-Iffk day of 20020 , by �IV c l _J r as representative for the OCEAN ONE BOYNTON, LLC, who is personally known to me or who has produced as identification.; r � r oaN "C LISA E.DURAN7 ?° Notary Public-State of Florida otar Public, State of Florid Commission#GG 930056 y My comm.Expires Nov 1,2023 d yl Bonded through National NotaryAssn. Name Commission o. Commission Expiration �3 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] [CRA SIGNATURE ON FOLLOWING PAGE] 01233511-3 WITNESSES BOYNTON BEACH COMMUNITY REDEVELOP N J By: Print Namj* ) - r Prin me r j g Title: PrintName: an STATE OF COUNTY OF The foregoing instrument was acknowledged before me by means of physical presence or 0 online notarization,this day of ,20 as representative for the BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCYs personally known to me or who has produced - a iden ' kation. r I .fi N t r PU 11 OfTwrtda 9 N1 Name Commission No. Commission Expiration *wl Bonnie Nicldien NOTARY PUBLIC STATE OF FLORIDA Comm#GG108394 Expires 5/25/2021 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 01233511.3 DUNAY Gary Dungy Hope Cathoun Christina BItenki MISKEL €onnde MiskeL Dwayne Dickerson Lauren G.Odonn ScD t Backman Eta Zachariades Nicote Jaeger BACKMANL.LP Eric Coffman Matthew H.Scott Rachael.Bond Patmer January 5,2021 By email Chair,Steven B.Grant Vice Chair,Ty Penserga Board Member,Justin Katz Board Member,Woodrow Hay Board Member, Christina Romelus Community Redevelopment Agency City of Boynton Beach Re: Update on Purchase and Development Agreement and Tax Increment Revenue Funding Agreement regarding Ocean One Boynton, LLC Dear Chair Grant,Vice Chair Penserga,and Board Members: As you will recall,at your last meeting,the Board discussed the Tax Increment Revenue Funding Agreement("TIRFA") expiration currently scheduled to expire on January 16, 2021, and the status of the Purchase and Development Agreement("Agreement")between the Boynton Beach Community Redevelopment Agency("CRA") and Ocean One Boynton, LLC ("Developer"), including commencement of construction of the public plaza on the CRA's parcel. In response to your inquiry,on behalf of my client, I agreed to respond back to the Board with my client's plan related to the Agreement and TIRFA and its plan for redevelopment. As it relates to redevelopment of the subject property, my client is in negotiation with a venture partner to move forward with redevelopment. To that end, my client and the venture partner have evaluated the economics of the transaction, and even with the tax increment incentives allocated in accordance with the TIRFA, the project as currently approved is not economically feasible given the rent rates applicable to the area. As such, my client has concluded that it makes no sense to proceed under the current TIRFA and in an effort to be fully transparent is prepared to let the TIRFA expire. Rather than working with the framework of the TIRFA, my client and its venture partner are in the process of considering other alternatives in response to the current economic environment and would prefer to work out all the details and return to the Board at a later date with a plan that is economically viable and will result in the redevelopment of the subject property. As to the Agreement, my client is requesting a six month extension to the condition to the Agreement requiring the commencement of construction of the public plaza to give my client sufficient time to submit its alternative proposal. We are happy to attend your next meeting to discuss this request further. Sincerely, Bonnie Miskel, Esq. BM/rmm cc: Mike Simon, Executive Director Tara Duhy, Esq. Mr. Davis Camalier 14 S.la.4th Street,Suite 36,Boca Raton, FL 33432 Tel: 15611405-3300 Fax: i561i 409-2341 +rwwArribblavr.com � ' T t EACH "'1",,",,CRA : ITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 9, 2021 OLD BUSINESS AGENDAITEM: 15.F. SUBJECT: Discussion and Consideration of the Community Input Survey Results for the CRA Project Located at 115 N. Federal Highway SUMMARY: At their January 12, 2021 meeting, the CRA discussed the advantages of gathering input from the business and residential community on their vision for the future redevelopment of the CRA- owned property located at 115 N. Federal Highway (see Attachment 1). Having the community's input would be beneficial to describing the required project elements for the issuance of a future Request for Proposal/Request for Developer Qualifications for the redevelopment of the property. The CRA Board directed staff to prepare a list of 7-10 questions that could be incorporated into a community survey and assigned the Community Redevelopment Agency's Advisory Board the task of reviewing a draft questionnaire and making recommendations on the survey to be discussed at the CRA Board's February 9, 2021 meeting. At their February 9, 2021, the CRA Board finalized a list of 10 questions to be incorporated into the community survey (see Attachment 11). The survey was officially launched to the public on Wednesday, February 10, 2021 through the Survey Monkey Platform and ran for three weeks to Wednesday, March 3, 2021. The community input survey was also distributed through the following sources: • City of Boynton Beach Newsletter= 22,972 recipients • CRA Contact List which included the BBCRA business list, Downtown Business Coalition and the City of Boynton Beach HOA list = 2,488 • Facebook Paid Ads which ran for a total of 7 days and received a total of 2,809 clicks. As of Wednesday, March 3, 2021, the CRA received 507 responses through the Survey Monkey Platform. A detailed report is provided as Attachment 111. Of the 507 responses, 465 responses stated they either lived or owned a business in a Boynton Beach zip code (33435, 33426, 33436 or 33437). BACKGROUND: At their December 8, 2020 meeting, the CRA Board discussed the pros and cons of entertaining one of the Letters of Intent submitted for the acquisition and redevelopment of the CRA owned property located at 115 N. Federal Highway. The CRA Board concluded that the Request for Proposals/Request for Qualification (RFP/RFQ) process would be the best way to solicit proposals while addressing the goals and objectives of the CRA Redevelopment Plan (see Attachment IV). The full list of Letters of Interest received to date are listed below in order of date they were received: • August 6, 2020 - Ocean Avenue Residences & Shoppes, LLC (Attachment V) • November 9, 2020 - E21- Real Estate Solutions, LLC (Attachment VI) • November 16, 2020 - B & H Fine Foods 11, LLC (Attachment VI 1) • November 18, 2020 - Blackonyx Capital, LLC (Attachment VI 11) • November 30, 2020 -209 N. Federal, LLC (Attachment IX) Attachment X provides a public comment log of comments received by staff regarding the redevelopment of the property. FISCAL IMPACT: To be determined by the CRA Board. CRA PLAN/PROJ ECT/PROGRAM: 2016 Community Redevelopment Plan CRAAB RECOMMENDATION: The CRAAB provided the following recommendations to the survey questions at their February 4, 2021 meeting: 1. no revision recommended 2. recommendation to revise the question to be more general in the description of the grocery store 3. the members were split on whether or not to revise or include the question 4. no revision recommended 5. the members support the idea of preserving or enhancing the public space created by Dewey Park but made a recommendation to consider rewording the question 6. no revision recommended 7. the members support the question but made a recommendation to consider rewording the question 8. no revision recommended 9. recommendation to add a survey question regarding the subject of public wi-fi, charging stations, information stations and other technology that would be beneficial to the public CRA BOARD OPTIONS: To be determined based on CRA Board discussion and consideration. ATTACHMENTS: Description D Attachment I -Aerial Map - 115 N. Federal Highway Attachment II -02.09.21 Final Community Input Survey D Attachment III -03.04.21 Community Input Survey Results D Attachment IV -CRA Redevelopment Plan - Downtown District D Attachment V -08.06.20 Letter of Intent from Ocean Ave Residences & Shoppes, LLC D Attachment VI - 11.09.20 Letter of Intent from E2L Real Estate Solutions, LLC D Attachment VII - 11.16.20 Letter of Intent from B & H Fine Foods II, LLC D Attachment VIII - 11.18.20 Letter of Intent from Blackonyx Capital, LLC D Attachment IX - 11.30.20 Letter of Intent from 209 N. Federal, LLC Attachment X - Public Comment Log Regarding 115 N. Federal Hwy r t�r x i �k vywrs � T t psi —0' ����R 0 4) aL ���� � �� �`.���'�� �'•: �t'�' ��/t� �`*`r't 4 �rs_ 1 t4, �,�fi�i t .��+�i. 4V � t � use „r t it its acv � n n Paso �� ., tV,14f+{��q ��{ �i,'�tt ,���� r,• � i t�f �17t]��,�� �v'` �i ���"`� s +s 3/4/2021 SurveyMonkey Design : Public Input Survey for"Future"Redevelopment of BBCRA-Owned Property Public Input Survey for "Future" Redevelopment of BBCRA-Owned Property SUMMARY --> DESiGNjSURVE�, PREVIEW&SCORE COLLECT RESPONSES ANALYZE RESULTS PRESENT RESULTS N E Y1 ............... QUESTION BANK Page Logic More Actions BkJ T NT 0 111"'I'I'MCRA Recommended > BEAC COMMUMTY REDEVELOPMENT AGENCY Questions Il Pubtic linpi,,it StJrvey fnr "FutiJre" Redevekopment of BBCRA- Previously Used > Questions Owned Property F=] All Categories > Q+ PAGE TITLE Community > The BBCRA owned property located at 115 N. Federal Highway and the associated properties have long been recognized as important components in the future Customer Feedback > redevelopment of the downtown core. This property is located within the Downtown District of the BBCRA Redevelopment Plan, lies within the Central Business District Customer Satisfaction > zoning category as well as the Transit Oriented Development area, has Mixed Use High land use designation,and adjacent to the future location of the commuter rail line. The Demographics > property may be considered for a variety of redevelopment potential such as future commercial, high density residential, or a combination of both with commercial frontage, Education > or other types of uses as determined by the BBCRA Board. Events > Please note that this survey is being circulated to garner public input. However, notwithstanding the results of this survey, the BBCPA Board retains full discretion to Healthcare > make any decision it deems appropriate regarding the future use and development of the property consistent with the BBCPA Plan. Human Resources > Industry Specific > Just for Fun > Market Research > Non-Profit > Political > Q https://www.surveymonkey.com/create/?sm=1 yAnEYhV3CBRX89rpub5rpKx-2F38M-2FCaNZVTfE4cxGSY-3D&tab—clicked=1 1/4 3/4/2021 SurveyMonkey Design : Public Input Survey for"Future"Redevelopment of BBCRA-Owned Property its N.Federal Hiehwav � $ fit T'�8 rB��IrEu���l � a fM $ht: -_ � Proiect Site MixedUseHig h(MXH b so D.U./Aere,tocatea k within the TOD Area, 25%densityhonus apply under the Citys Workforce Housing Ordinance. Zonine: ks� f Mined Use Core(MU- RA owned pS redevelopmentprojecft,__ IN 11 n tY`f° n � u t - s 4ti 5 a51 R SYi { 1. Would you like to see a future redevelopment project incorporate a mix of uses,such as (check all that apply): El Restaurant El Rental Apartments El Office El Condominiums 0 Retail El None of the above 2.Would you like to see a full-service grocery store or corporate headquarters incorporated into a future redevelopment project? Yes No 3.Would you like to see a hotel incorporated into a future redevelopment project? j Yes j No 4. Would you like to see residential units built for a variety of income levels incorporated into a future redevelopment project? (rv`r Yes https://www.surveymonkey.com/create/?sm=1 yAnEYhV3CBRX89rpub5rpKx_2F38M_2FCaNZVTfE4cxGSY_3D&tab_clicked=1 2/4 3/4/2021 SurveyMonkey Design : Public Input Survey for"Future"Redevelopment of BBCRA-Owned Property 11-) N o 5. Would you like to see larger than required public open space(s) incorporated into the design of a future redevelopment project? Yes u.� No 6.Would you like to see more public parking spaces incorporated into a future redevelopment project? Yes No 7.Would you support paying for parking during special events and high traffic times? 0 Yes o No 8. Would you like to see accommodations for mass transit, rail, or ride sharing amenities (such as bus stops,train, Uber, and bicycle) incorporated into a future redevelopment project? 0 Yes o No 9.Are you a resident or business owner in Boynton Beach? (rvr Resident (rvr Business Owner rv' Both 10.What is your zip code? 11. Please enter your email address if you would like to be added to the BBCRA email subscriber list to receive information about future redevelopment projects, programs, and events. Email Address https://www.surveymonkey.com/create/?sm=1 yAnEYhV3CBRX89rpub5rpKx_2F38M_2FCaNZVTfE4cxGSY_3D&tab_clicked=1 3/4 3/4/2021 SurveyMonkey Design Public Input Survey for"Future"Redevelopment of BBCRA-Owned Property NEI:i"V El:z", N I...............­,_­,_­­................................... or Copy and paste questions Powered by uwveyMond4,,ey See how easy it is to create a survey.. (D NEW PAGE About SurveyMonkey Careers Developers Privacy Notice California Privacy Notice Email Opt-In - Help - Cookies Notice Cookies Preferences Copyright©1999-2021 SurveyMonkey VIMcAfee SECURE- https://www.surveymonkey.com/create/?sm=1yAnEYhV3CBRX89rpub5rpKx-2F38M-2FCaNZVTfE4cxGSY-3D&tab—clicked=1 4/4 Public Input Survey for "Future" Redevelopment of BBCRA-Owned Property Q1 Would you like to see a future redevelopment project incorporate a mix of uses, such as (check all that apply): Answered: 505 Skipped: 2 None of the -_ above RestauranIMMEMEMEM Office r Retail RentaM�1'1 Apartment Condominiums 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ANSWER CHOICES RESPONSES None of the above 12.08% 61 Restaurant 78.02% 394 Office 38.61% 195 Retail 69.70% 352 Rental Apartments 15.05% 76 Condominiums 25.74% 130 Total Respondents: 505 1/ 11 Public Input Survey for "Future" Redevelopment of BBCRA-Owned Property Q2 Would you like to see a full-service grocery store or corporate headquarters incorporated into a future redevelopment project? Answered: 504 Skipped: 3 Yes - No 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ANSWER CHOICES RESPONSES Yes 53.37% 269 No 46.63% 235 TOTAL 504 2111 Public Input Survey for "Future" Redevelopment of BBCRA-Owned Property Q3 Would you like to see a hotel incorporated into a future redevelopment project? Answered: 505 Skipped: 2 b �t `} Yes ` } No 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ANSWER CHOICES RESPONSES Yes 48.51% 245 No 51.49% 260 TOTAL 505 3/ 11 Public Input Survey for "Future" Redevelopment of BBCRA-Owned Property Q4 Would you like to see residential units built for a variety of income levels incorporated into a future redevelopment project? Answered: 507 Skipped: 0 Yes Rw No No= 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ANSWER CHOICES RESPONSES Yes 27.61% 140 No 72.39% 367 TOTAL 507 4/ 11 Public Input Survey for "Future" Redevelopment of BBCRA-Owned Property Q5 Would you like to see larger than required public open space(s) incorporated into the design of a future redevelopment project? Answered: 506 Skipped: I s Yes No 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ANSWER CHOICES RESPONSES Yes 79.64% 403 No 20.36% 103 TOTAL 506 5/ 11 Public Input Survey for "Future" Redevelopment of BBCRA-Owned Property Q6 Would you like to see more public parking spaces incorporated into a future redevelopment project? Answered: 505 Skipped: 2 s Yes No 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ANSWER CHOICES RESPONSES Yes 80.79% 408 No 19.21% 97 TOTAL 505 6/ 11 Public Input Survey for "Future" Redevelopment of BBCRA-Owned Property Q7 Would you support paying for parking during special events and high traffic times? Answered: 505 Skipped: 2 Yes - No 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ANSWER CHOICES RESPONSES Yes 53.27% 269 No 46.73% 236 TOTAL 505 7/ 11 Public Input Survey for "Future" Redevelopment of BBCRA-Owned Property Q8 Would you like to see accommodations for mass transit, rail, or ride sharing amenities (such as bus stops, train, Uber, and bicycle) incorporated into a future redevelopment project? Answered: 505 Skipped: 2 4 Yes No 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ANSWER CHOICES RESPONSES Yes 71.68% 362 No 28.32% 143 TOTAL 505 8/ 11 Public Input Survey for "Future" Redevelopment of BBCRA-Owned Property Q9 Are you a resident or business owner in Boynton Beach? Answered: 500 Skipped: 7 Resident Business Owner Both 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ANSWER CHOICES RESPONSES Resident 79.40% 397 Business Owner 4.80% 24 Both 15.80% 79 TOTAL 500 9/ 11 Public Input Survey for "Future" Redevelopment of BBCRA-Owned Property Q10 What is your zip code? Answered: 506 Skipped: I Boynton Beach Zip Codes 33435 =275 33426 = 76 33436 = 75 33437 = 39 Outside of Boynton Beach = 38 No Responses = 3 10/ 11 Public Input Survey for "Future" Redevelopment of BBCRA-Owned Property Q11 Please enter your email address if you would like to be added to the BBCRA email subscriber list to receive information about future redevelopment projects, programs, and events. Answered: 292 Skipped: 215 ANSWER CHOICES RESPONSES Address 0.00% 0 Address 2 0.00% 0 City/Town 0.00% 0 Company 0.00% 0 Country 0.00% 0 Email Address 100.00% 292 Name 0.00% 0 Phone Number 0.00% 0 State/Province 0.00% 0 ZIP/Postal Code 0.00% 0 11 / 11 tk`yn m1\)Jt' {� 2)� t1 v4 v} (s) {tA�` gl(',J�)s 'tlf�r��t� ,i�,v S( R.1t1y�i r s} �J b 1* � } fr, t' t r �F I 4 OAR BoYNTON BEACM c- 0%mmunity RedevvelOwmen-Ig- PI u---in gO s{}t£ltlf£ 7 k (S` li it r F II, try V� t WMAB 4 y ( llll 11,� M1 b''kk 1 k t } i $ l ) �F tl,, \j h; � si=„ {'s' � �'�l'`'fit, , )tii,l l t�`�i•{' '' (���� — ��` 00 tA'f(;, .. I Wy W ., �l��e{�llffz'flist�sttt (!s'1 qp +UAL k N St i it<< r ,u ,s , r isW`' sft,ly Ir 5 P � t s-.Y NO { i f— �, � s r z a a l S h M 80 nil; 0, j �4�t or>�,>0 Downtown District Introduction Planning Challenges Planning Considerations The Vision t�4 Recommendatio ns �11{ } !ill; Gas. `1�1` Introduction „ The Downtown District has been included in several planning efforts including the Federal Highway Corridor Plan, the Downtown Vision , . and Master Plan, and the original CRA plan ` adopted in 1984. It has long been the desire of the City to reinvigorate the historic center of Boynton Beach. Some progress has been made toward this goal with the development of the Casa Costa, Marina Village condominiums, ' and the soon to be completed 500 Ocean n '� mixed-use development. The CRA has invested in the redevelopment of the Boynton Harbor Marina to create a tourism w �� destination, preserve a working waterfront and o , support the boating community. The Agency planned and constructed the Boynton Beach Promenade that extends from Federal Highway . to the Intracoastal Waterway; the Promenade also connects to the City's Mangrove Walk Park ' and the Marina. Aye The Downtown District is bound to the north ?� by N.E. 7th Avenue, to the south by S.E. 12th � , It r. Avenue, to the east by Federal Highway and the Intracoastal Waterway, and to the west by the � - FEC Railway. The District connects via Federal Highway and S.E. 4th Street to the secondary development node at Woolbright and Federal Highway. Figure 40: Downtown District Location Map Downtown Boynton Beach is easily accessed via 1-95 and Boynton Beach Boulevard: the distance from 1-95 to Federal Highway is less than one mile. The City's beach at Oceanfront Park is only 1.7 miles from 1-95 or, for residents of one of the new downtown developments, a quick walk over the Ocean Avenue Bridge. The Tri-Rail Coastal Link commuter rail station is planned for the downtown at N.E. 4th Street between Ocean Avenue and Boynton Beach Boulevard. This led the City to adopt the Downtown Transit Oriented Development District, allowing for a 25% density bonus within '/2 mile of the future station. 82 P _t� e A second consideration is that the Downtown District is entirely enclosed within the Transportation Unlike Delray Beach or West Palm Beach, Boynton Concurrency Exception Area (TCEA) which, in Beach historically has only had a very small downtown addition to the residential exception area applicable area. It extended from just east of Federal Highway east of 1-95, exempts all development from the Palm to west of Federal Highway at Ocean Avenue. There Beach County traffic concurrency thus allowing have been very few commercial buildings that could denser development. be repurposed into restaurants and stores as Delray Beach has done. Consequently, the first CRA Plan The existence of both of these transportation- adopted in 1984 concentrated on the downtown oriented designations is a factor in considering where area (smaller than proposed in this plan) as a increased height and density will occur within the redevelopment priority. CRA district. The Downtown District's location in the Some of the planning challenges are: center of both the DTODD and the TCEA supports the highest density and height within this district. • Lack of developable parcels — assemblage is required f3sz4 • Property owners have unrealistic expectations '4 of the value of their property �,. • Not pedestrian friendly ` '^ �';; n • No shade trees + tE , t} • No public parking areas and little on-street parking ,} v.. • Lack of wayfinding signage ' t � • No design theme to create an identity w • Limited space on Ocean Avenue to locate retail % and restaurant usesnA, llnndn Considerations Several factors were considered in determining the land use designations for the Downtown District. First, the downtown will be the future site of the station for the planned Tri-Rail Coastal Link commuter service on ,s req" the FEC Rail line, which will serve the South Florida metropolitan region. To improve land development patterns in advance of station development, the City adopted a Downtown Transit Oriented Development District (DTOD), covering a '/2 mile radius around the station's location. The DTOD district regulations support increased intensity of development through a 25% density bonus. Figure 41: Example of District Planning Challenges 83 \ \ \ \ \ \ \ \ \ \ \ % \ t \ \ \ \ 84 Vision Downtown Boynton Beach will be where people live, work and play in an environment that provides bikeable and walkable access to the beach, restaurants, transit, parks and cultural experiences. There will be areas to gather and socialize. Entrepreneurs will open new restaurants and businesses creating financial benefits to the local economy. Attractive new buildings will provide housing for people of all ages and incomes, and accommodate new shops and restaurants. Recommendations.tions. St eetsc a n e Streetscape enhancements are recommended for the Federal Highway corridor. The space for these enhancements may be obtained through either right-of-way dedications or public easements. The enhancements should include: • Create a Complete Street design for Federal Highway including the addition of: • On-street parking • Bike lanes z4 Enhance median with mature tree canopy (at time of planting) and landscape lighting • Marking of major intersections with materials such as pavers, paint, etc. Ott. • Create a Pedestrian Zone adjacent to the right-of-ways that is inviting, safe and includes: • Addition of canopy street trees • Minimum 8'wide clear sidewalk ,''R • Minimum 8'wide active use area abutting the buildings>> • Decorative light poles at both the vehicular and pedestrian scales • Enhanced street furniture, bus shelters, bike racks and receptacles ;`` • Active uses along the first floor of development • Canopy trees that provide immediate shading at time of construction • Bus shelters with unique design for the downtown district • Underground overhead utilities • Public art in key locations • Additional pedestrian crossings where needed • A greenway along SE 4th Street and Ocean Avenue connecting Pence Park and the Marina, per the Connectivity Plan • An eco-trail connecting the pedestrian zone to Mangrove Park, per the Connectivity Plan. 85 Recommendations: L nd Use To attract new residents and businesses, the area must present a unified vision for the future. Therefore, it is recommended that the changes to the Future Land Use map be made using the new future land use/ zoning structure as shown: Table 5: Recommended Future Land Use (FLU)Classifications within the Downtown District LAND USE DENSITY CORRESPONDING ZCHIHC DENSITY MAX CAP* HEIGHT HighDensity p { }dd'rr 9p ®may ®D .{5 45' 15 ®�-T7 I'.PUI�-,.PUD {U' TLJ Residential Mixed-Use 50 MU-2 46 66` Medium MU-3 66 76` Mix Use High 80 MU-4"" 60 160" U Core 66 159 General {f�4 f34s} Commercial ria C-4 rVa 45' '= Industrial a M-1 r n/a 46 Recreation rVa Recreation n/a 46 *Properties located within the TOD may recieve a 25%density bonus G#' 1 III IN i � U- High 0 d da (Zoning W-Core) Max height 150' TOD Density Bonus Commercial uses required to front ° Federal Hwy � 50'Raise Maximum MLI- Med +40-50dudae Max eight,- 65'-75' TCDD 5onus a (height f density) I Commercial uses required to front: Federal Hwy Building frontage required on SE 411 Street: Maas 4 steries on SE 411, street 4- r Figure 42: Cultural District Example Projects 86 4 rcy I ��}! •I , � t 4 f ya'f C `•`��m ! e ani�� w •t n � ��.� att� ih i y I , r , z TV yy �, b } 4 '�e7L�41 Y ylra a�ryad Is•��I � �}})( �_ �� '�� } 1 #''.rte Far t.t�l Lt MIKA,I AlIlkac 5 1 I Figure 43: Recommended Land Use for the Downtown District 87 Recommendations:tions: Urban DnqigR In order to promote an active and walkable built environment in the Downtown District, the following recommendations apply: • Active commercial uses shall be required on the street frontage of Ocean Ave.Automobile oriented uses, such as gas stations, car washes, and drive-thrus, are prohibited. • The build-to line shall accommodate a ten foot sidewalk, mature shade trees (at install), street lights and street furniture • Buildings fronting Federal Highway, Boynton Beach Boulevard and S.E. 4th Street shall have a 60-90% window to wall ratio on the first floor. • Approximately 75% of the lot frontage must be occupied by structure and adjacent to the pedestrian zone • Buildings fronting Boynton Beach Boulevard or Federal Highway shall have a minimum height of 30' • Buildings fronting Boynton Beach Boulevard and/or Federal Highway shall be a maximum of 45' in height, any additional height permitted by the zoning districts must be stepped back proportionately s to the overall height, a minimum of 10' deep. fParking shall be located to the rear or side of the property. Only when access is not possible from the rear or side shall curb cuts be permitted on Boynton r beach Blvd or Federal Highway. � All buildings along Federal Highway must have pedestrian access from the right-of-way/sidewalks. rt The main pedestrian entry, or front door, must be fronting Federal Highway. Y. ` Where mixed use development is proposed adjacent residential areas, the residential areas shall p p p j ��- be protected through the residential compatibility standards and the use of landscape buffers and/ or walls as appropriate. - Staff will review architectural styles and make recommendations regarding Architectural Guidelines that may enhance the character of the District. This process will include public input. MW r Nk IN k Figure 44: SE 4th St. Example Mixed Use Medium Project 88 esidenbaVOrr e x �E�51d�ntidaf y ri z N 1 1 'y .. y y, r. &cycle Path parallel paferg ysy re zy IA n!r is tsJ yJ Street '* �11 OWYC112 Path Space Garage oess )1; 4�aralt6arkin On-site Parking \,( Pedestrian Zone k "deatrian Zone ParallelPatking Dicycle,Path pParallel PaMmg `II Bicycle Path Figure 45: SE 4th St. Design Diagram 89 �.Z I �g�yfig y® f Y �Il I [1 W11, � �<q��,'�l � ZRR i3 fr S , If Ni 71 i ua , Figure 46: Example of Mixed Use High Project in the Downtown District 90 w I , „ I t I� 1 f �P vfp �n �•Y :. f i t4 �� L!� wtp� I a a � a i ly k. k fi I u I ' I Y ra t -�.�..-" r� ��` A.,• OR f �ltts 47, 10 i l I;,tr x F � 1� , 7 M 4 I g`r � r � k Figure 47: Downtown District Master Plan 4 II ,t•,�, ,„ `1�� it���1�� y �l�r l(tsly�f 11i��� J�l[�r �i i�tiS} s4r j �rit��t�)�yyy t�l ley it � iy 1 s u 4 r' r r I I n�i�pp�,,IfI �1 E i I I j tr r���,, tr ss�'�`t�Yrtstr s t tt 1 a r, s \ ll n �4 lil liIk ���»21 fii�i rz X14 — _ 42 I,-- z LU CL 3: 0 uj u uj a < > LW LU uj U. 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J J J J J J J J do aj N LA q 0 U 'Uaj J Q C7" ) N + v Q y > e G d Q ILLLLLL I I v u � � v c E •.' (, Q u m N m h a N 4 o k m v S2 W m W o a B �4 o z LU :E IL 0 W. ui us > W Uji U- LU 0Q Z uj x LO go Im "'A PROPOSED DEVELOPMENT FCR BOYNTON REACH 115 FEDERAL EW PROPERTY November 9t", 2020 oro Banyan sib s qrrr, � � CITY OF CS T � � � s = L in Partnership withBOYNTON + "M SEALESTAT CO3 WNfff R DIFEVFLa~��`:ENTAG'ENC, LUTIONSL LLC .;, .,,. CONFIDENTIAL INFORMATION - The information contained in this [proposal] contains our trade secrets as defined in Section 812.081(1)(c), Florida Statutes.This information is proprietary and confidential and must not be disclosed or used for any reason without our prior written authorization. Such confidential trade secret information is exempt from the public records disclosure law pursuant to Section 815.045,Florida Statutes. 'F(f°j�� sib i �'10"`v�,r2o Ir$ TAS o cowy�sal i? ti t ���� Letter of Interest I'llJII z tr` Development Team Schedule U Uof'l�13141, �s Neighboring Properties IS �� s tk �t i,�t �` � f 5 #(r y Master Plan , Concept Photos and Renderings Jilili, Financial Approach � � ,i Project r r iPro-forma ������`> Wh E2L , s 1 I 1SEtp � 3 Ire IYR 'T xz iia. TTJ Eil D) I INTE �E,YS;S­ Or rZ !W E2L +rt REAL ESTATE :. � SOLUTIONS, LLC November 9, 2020 Michael Simon Executive Director 100 E. Ocean Ave., 4th Floor Boynton Beach FL 33435 Ref: CRA and City Owned Property at 115 Federal Hwy Dear Michael and CRA Board, E2L Real Estate Solutions, LLC in conjunction with our design partners are submitting for your consideration this "Letter of Interest" and supporting information in the interest to partner in the development of your real property at 115 Federal Highway. Our experience of working with Boynton Beach over the past 4 years on the BBTS project has provided us with a deep understanding of the long-term interests of the CRA and City. We would love to continue creating the vision for Boynton Beach, working hand in hand with the Commission, CRA, City Staff, and community at large. We understand the CRA has received an unsolicited LOI for the old library site based on August 11, 2020 CRA meeting, that we attended via virtual mode. We understand that the 90-day consideration period will expire today, and we are submitting this letter in the interest to provide options to your decision- making process. Our approach in developing your property will address several factors that could positively impact the development: 1) We have met the surrounding property owners and tenants (Harvey Oyer, Davi Camalier, Valarie Hatch Pleasanton, Shafiqul Islam, Kim Kelly) in person or virtually to discuss their interests, concerns and ideas along with short- and long-term objectives. The exception was Bradley Miller who is currently working with the initial group that submitted the unsolicited LOI. Having an appreciation for their situations provides us with the opportunity to work towards common goals with the CRA and Commission to support the highest and best use of the property for generations to come. 2) Having learned from our BBTS efforts, we are prepared to provide alternate solutions to the parking needs of the existing businesses and future development projects such as the FEC train station site. We are proposing to apply the parking land-assessment approach discussed with the city, using the land zoning densities and payment approach for property development rights as derived for the long-term parking ownership that the city desires. 3) Again from experience, we are proposing to option the property needed for the Private Development while leaving the public property in place for the parking garage with final acquisition of land occurring after the project zoning approval and financing commitment confirmed along with permitting ready for issuance to start construction. The land purchase option price would be based on a negotiated value with consideration of "open book" costs to be incurred in delivering the public parking requirements which are proposed at 150 spaces (based on our design more parking can be made available should the city decide this would be needed now or in the future). 3 4 Click Here to go Back to TABLE OF CONTENTS 4) Our proposed development is uniquely designed in consideration of Post COVID-19 considerations and represents a state-of-the-art layout for accessibility, sustainability, wellness & health, urban renewal, and mobility. We have planned a true mixed use design that encompasses 220 residential units, 34,000 sq ft of retail, 130 room hotel and associated greenspaces to complement the planned and completed development throughout the Boynton Beach Town Square area along with a 686 space parking garage. 5) We have met with planning and zoning to review our design concepts which allowed us to confirm building setbacks, scale relevant to adjoining properties, green spaces, waste management, walkability, and proposed relationships to neighboring developments. We believe the Ocean 1 development scale and proposed development options to complement Banyan Oasis would greatly benefit the CRA and City of Boynton Beach's goals for the downtown area development including the possibility of integrating Davi Camalier's Ice Cream property into the project. 6) Civil considerations including utilities and storm drainage have been discussed with partner Kimley Horn who was our Civil Engineer of record for BBTS. Our understanding of traffic and mobility options for the site have also been coordinated with Baker Barrios including the widening of Hurricane Alley for a safe pedestrian friendly environment to coincide with the overall development to build from the existing restaurant and retail in the area creating a destination space on the west side of Federal Highway. 7) Lastly, we are proposing that the city work hand in hand with us in the interviewing and selection of residential partners who fit the expectations and needs for housing in the project coupled with the proposed hotel development which may also be designed to support for sale residential units. We are excited about the opportunity to continue our development efforts with the CRA and City of Boynton Beach and look forward to discussing how we could move forward with our proposed concept designs and approach to execute the development. Mark Hefferin President E2L Real Estate Solutions, LLC Copy: Kelley Hefferin-E2L Holdings, LLC 4 Clack Here to go Back to TABLE OF CONTENTS DE EL0PM1 E Nf T E A , BOYN TON' , e BEA6 �, CRA hl �P}r 4i zts�s� BOYNTON 77 B E A, C H w �C ��---yy TT I I W u � SOLUTIONS, LLC i ' Baker Barrios Ill,............. i, m e y or'n r r' f off, t t5 3l\ t f - � Expect More. Experience Bette w EM 4 Click Here to go Back to TABLE OF CONTENTS Sju , Mark Hefferin President E2L Real Estate Solutions, LLC 7 Education M tII Bachelor of Science, Civil Engineering&Architecture, Fairmont University, Fairmont,WV � � Professional Affiliations Design Build Institute of America (DBIA) International Society of pharmaceutical Engineers (ISPE) Associated Builders&Contractors, Inc. (ABC) Bio Florida including Speaker engagement on Research Facility Design and Construction Florida Certified General Contractor CGC1512871 (Active) Profile Mark has been in the Design and Construction industry for over 37 years. Having spent 28 years with a national construction firm he founded and operated operational offices in Raleigh, NC, Richmond,VA, Baltimore, MD,Washington DC, and Orlando, FL serving major client's in the Public and Private sectors.With responsibilities peaking 250 employees he oversaw the design, development and construction of over 12 Million Square Feet of complex facilities serving a variety of industries.This included Healthcare, Pharmaceuticals, Institutional Education and Research, Hospitality, Food and Beverage, Micro Electronics,Aerospace, Retail and Commercial Office buildings. Over the past 8 years he has worked in the development market sector using his extensive knowledge of design and construction and applying that to the design/build process by integrating site selections,entitlements,zoning and permitting activities.This comprehensive background provided the platform for delivery of a multitude of specialty clients including the Federal Government. NASCAR I International G Speedway Corporation (ISC) g, GRAND-AM World Headquarters Location Daytona Beach, Florida Construction Value $38.5 million Building Size � 200,000 sf Completion 2009 Assignment General Contracting The 200,000 sf eight-story, corporate office building consists of a concrete frame structure Client with a curtain wall and composite metal panel exterior.The interiors included open and International Speedway private offices with executive class offices on the upper floor which incorporated a number Corporation of select finishes including marble flooring, natural finish and lacquer finish wood wall panels, custom back-painted glass walls, and custom glass and demountable partition Architect office walls. This project achieved LEED Gold Certification. Below referenced projects Gensler/Design Collective reflect related work completed in around Seminole County during previous work Architects experience with Suitt Construction + BEK. LEED Certification EM LEED Certified — Gold 4 Click Here to ger Back to TABLE OF CONTENTS l s t lit s� a-illl r , i+ i \s\l is{( rl � iilis r;r`.l 1� tr ,•`i ,r s„.rS { it+i,l}till + t{r\l\ t t lit 1Ss , t 1 t� i r f to 1 I&1 e €�l S7 S `l1 Town Square,Boynton Beach,FL— E2L Real Estate - Solutions, LLC entered into a public-private partnership ; + „ (P3)for the proposed development of Town Square which1�'1' will include more than 700 residential units,a 120-room hotel,80,000 square feet of commercial space,theh`. renovation of a historic high school,an 110,000-squarefoot � V City Hall/library building,parking garages, park and playground areas,and associated infrastructure.The ll��i s project also includes a new 57,000 square foot Police ,',t Station,a 12,000 square foot Fire Station,a 2700 ton ``° t lei District Energy Plant to serve 13 new buildings.The scope of the services also included raising of eight city buildings over the 24 acres of property.The proposed infrastructure �''+� �.�;'•�''�' if fi{� l"'� '„1 `` includes 4,850 linear feet of new water main;2,500 linear ' feet of new gravity sewer main; a municipal lift station and a force main; reclaimed water main extensions; district energy chilled water line routing; and paving,grading, and drainage design. r The Westin Lake Mary I Orlando North Location Architect Lake Mary,Florida Milton Pate Architects Construction Value Awards $34.5 million ABC Award of Merit(Excellence in Construction) P li 1} i 1 i i S Bulding Sze 1 Commercial—$20 to$50 Million 1 91,0 00 sf Category The facility houses 20,000sf of meeting and ballroom space.A sushi bar and Completion Awarded by Associated Builders Shula's 347 Grill restaurant are also included,along with a heated outdoor 2009 and Contractors,Inc.,Central pool and hot tub.The W estin W ORKOUT®fitness facility features state-ofthe- art equipment,with weight machines,free weights and cardiovascular Assignment Florida Chapter equipment.A car rental desk and a full-service business center are also Construction Management at Risk (2010) available at the hotel. Client YRG Hotel Group,II,LLC ° t1>fr 4 Click Here to go Back to TABLE OF CONTENTS Kelley Hefferin Managing Partner/ E2L Holdings. LLC Education Associate of Science Degree, Fairmont University, Fairmont, WV t , Profile Kelley began her development career in 2016, with the co-founding of E2L Holdings, LLC, which is the parent company of E2L Real Estate Solutions LLC. She has been very active in the public-private partnership (P3) for the development of Boynton Beach Town Square (BBTS) in Boynton Beach, FL She has been instrumental in the (BBTS) capital "Naming Rights" campaign to raise funds ($7.5MM target)to ensure that businesses and individuals can leave their mark in a chosen area within Town Square.The goal is to maximize the potential of all the facilities and offer the most positive impact to the community. Every aspect of Town Square is designed to offer enjoyable, meaningful gathering areas that are also safe and secure. Visitors will find lovely walkways to stroll through, while advanced camera systems monitor public areas with sight and sound detection. For those who are deaf, hard of hearing, or have visual impairment, electronic crosswalks and digital/voice signage are incorporated throughout the Cultural Center. The Cultural Center is the newly renovated, original Boynton Beach High School built in 1927. A treasured part of Boynton Beach's rich history. A comprehensive list of donor opportunities are available for naming opportunities, including meeting rooms, classrooms, gallery spaces, courtyards and greenspaces. Previous Experience CSX/Chessie System Railroad Clerk/Operator working closely with Dispatcher, writing up orders for train Conductor and Engineer for orders on schedule and assignments. Dillard Paper Company-Accounting Young Phillips Company-Accounting t� E i j akk �' v' �r 6 �5,W'� 4 Click Here to go Back to TABLE OF CONTENTS Public Relations for BBTS, including focus on Arts, Playgrounds, Cultural Amenities — by attending public input meetings and being part of selection committee for approximately $1.8M\\M of Art with City Staff. 11"'N } rEE�Et�Y 2S 0�1t i u 1�EY Ys s.t, Y E' 9 1 t 1; f rl?IV Y } � if- ( a r X 1 E n, t v ' E U } r ' 9 4 Click Here to go Back to TABLE OF CONTENTS "'" Antonio Balestrieri Development Director E21L Real Estate Solutions, LLC { z Education 2012-2014:Masters of Business Administration(M.B.A.)-DEANS List,with Distinction Schulich School of Business-York University,Toronto,On,Canada g,, {t 2002-2006:BachelorofEngineering;Civil,Structural(B.Eng.)—DEANSList,withHonors McMaster University, Hamilton,On,Canada Professional Affiliations -Professional Engi neer(P.Eng.)License-Professional Engineers of Ontario(Canada) -Rea IEstate SaIesAssociate License- National Association of Realtors(USA) -Urban Land Institute(ULI):Leadership Initiative—Public Leadership and Public Private Partnerships Profile With a technical background serving as foundation for Land & Real Estate Development, Antonio has focused on overseeing development projects, origination, programing, feasibility, and project financing. In supportive roles taking projects through entire development lifespan, Antonio has been able to assist on leading bid team consortiums for solicited and unsolicited proposals to Federal Department of Transportation & Municipalities. Previously, Antonio worked on large transportation infrastructure business development, coordinating JV partners and assisting with capital stack ($250M equity;$700M non-recourse debt) syndication with international and domestic banks and other institutions, using best practices for improving bond ratings of Special Purpose Vehicles. With Public Private Partnership (P3) experience, and traditional private sector, both low and high-rise projects, Antonio has been concentrating efforts to combine both types of project delivery with project financing. Projects include turnkey master planning strategies to catalyze and secure private investment across various sectors. Currently, in final phase of completion, Antonio has been involved from financial close on managing $120M USD (mix of Bond and City's Capital Improvement Plan funds) design/build, City buildings and facilities, with varying financial commitments. He is also working on feasibility of other large mixed-use developments and assisting E2L Co-founders with company expansion and growth. Y �t+z���»1sr{ .tnk �, � Y�"`111 Town Square, Boynton Beach, FL —E2L 11� 1); t � Real Estate Solutions,LLC entered into a „ { public-private partnership(1123)forthe ,��` ;' proposed development of Town Square which will include more than 700 residential units a120-room hotel 7 7 80,000squarefeetofcommercial space, the renovation of a historic high school, an 110,000-square-foot City Hall/ library building, parking garages, park and playground areas, and associated infrastructure. The project also includes a new 57,000 square foot Police Station, a �� 12,000 square foot Fire Station,a 2700 on District Energy Plant to serve 13 new r� buildings.The scope of the services also included raising of eight citybuildings overt1 1 - the 24acres ofproperty.The proposed T infrastructure includes 4,850 linear feet of newwatermain;2,5001inearfeetofnew gravity sewer main;a municipal lift station ` s and a force main;reclaimed water main extensions;district energy chilled water line routing;and paving,grading,and drainage design. 0 4 Click Here to go Back to TABLE OF CONTENTS ,i3 TSFI��, �� TS�,1�,°�s�a ts ...• - 327 Royal Palm Location: Boca Raton, FL Construction Value: +20 Million i �� tm Building Size: 120,000 SF Completion: 2018 h Assignment: General Contracting " Client: Group P6 sr Architect: Vander Ploeg &Associates, Inc. Architects and planners O"F, Luxury, 25-unit condominium at 327 East Royal Palm Road in downtown Boca. Prices range from $1.6 million to just under$3 million. frr Special Features: 2 floors below grade Parking (Use of = Densified Soil Material (DSM)to accomplish deep foundations and constructability), rooftop amenity deck and pool with ocean views. 1-66 Expressway A ,� � ����` Location: Virginia (Outside Beltway- Route 29 to Interstate 495) Cost: Approx. $2.5 Billion USD S Length: 22.5 Miles of new Express Lanes ° Completion: 2022 " Assignment: Design, Build, Finance, Operate, Maintain . .I Client: VDOT s D.B.F.O.M. 1-66 Expressway—22.5 Mile extension to provide increased level of service and commute times. Curated Development with partners on risk mitigation and • project feasibility. Coordination of Competitive non-recourse financing and availability payment model. u Special Design Features: lifecycle analysis with robust hs, roadway pavement design to ensure highest level of service. ' 1-285/SR 400 Interchange Location: Georgia Cost: Approx. Est. $750 Million USD Length: 4.3 miles on 1-285 and 6.2 miles on SR 400 Completion: 2020 Assignment: Design, Build, Finance. Client: GDOT D.B.F. of I-285/SR400 Interchange -Bid Package �Y N Development: New Interchange with improvement of 4.3 .„ miles of I-285 and 6.2 miles of SR 400 for GDOT. Project ss goals to reduce traffic and increase safety in surrounding the 1-285/SR 400 interchange in downtown Atlanta. Special features: addition of new flyover ramps, collector- distributor lanes and other facilities to aid in arterial travel. 4 Click Here to go Back to TABLE OF CONTENTS 11 FIRM PROFILE iaar Barrio F, Baker Barrlios Architects,Inc. bft With offices in Orlando, Tampa, and Nashville, Baker Barrios Architects was IRS yaj?i _ established in 1993 with the vision of establishing a legacy based on creative excellence,innovative solutions and long-term relationships. ORryas , 1� s Our experience includes a proven track record telling the client's story through 1i placemaking,visual and creative design,production and project management and A the provision of quality control while maintaining the project's construction on budget.As well as a high level of involvement and follow-through to the project's j4'yj¢iu I completion to ensure that the Owner's objectives are met and the integrity of i design is maintained even after Owner occupancy. The strength of every firm is in its people.We realize that our firm's utilization i of technical resources and our ability to staff projects are always of priority to clients. Our staff of over 120 highly trained professionals is experienced in a variety of assignments for developers, corporations, health care providers, B religious organizations,state and local agencies,and colleges and universities.Our professional staff provides full-service planning, architecture, interior design, and landscape architecture services. OUR MISSION To shape and inspire transformation one person, one project,and one community at a ClickI time.We shape the future by transforming present spaces into tomorrow's places. To"shape" is to influence how a place is perceived and experienced physically, More P intentionally, and psychologically.These elements are represented by the Ps of placemaking:presence,purpose andpersona. � z uYvcr� L r c X11 � + �- vs - l x 4 Click Here to go Back to TABLE OF CONTENTS 11 FIRM PROFILE D1 Raker k_a rloS ARCHITECTURAL DESIGN + MANAGEMENT s Baker Barrios has developed a proven administrative and design methodology of participatory planning which involves the architectural and construction management team with all participants of the owner-user groups. Our Clients have applauded this process,affirming that this collaborative approach has resulted in the smoothest, most successful projects ever designed for their organizations. _ 1 l 4-- - What distinguishes our design and management process is that it is not a single kick-off session, but rather a series of multiple day long workshops. We involve s the Owner/Users/Stakeholders in an energetic, imaginative and visionary environment that fosters creative solutions.The atmosphere is informal, r encouraging communication, setting aside inhibitions and preconceptions,while creating enthusiasm and a shared mission. �i6rrN77 SII VISUALIZATION r We use story because rtes one of the oldest and most powerful ways that humans 0 have to communicate with and understand the world. It governs how we do or don't see meaning,value, utility,and affordances in both ideas and things. Story structure and its underlying principles will help us build better projects. It's how we get your target audience to relate to your project. We visualize information to see patterns and connections that matter to our client's story.Visualization is the art that allows us to focus on the information . . . ... that is important to the story. 'fl I Our team uses Virtual, Augmented and Linear visual tools during the process. �, Mil CCt Combined with a series of design workshops, this has been a highly effective approach to maximizing participation, communication, and decision-making throughout the design process for the owner, users and design team. Our story r telling visualization design approach is used in all our projects. «�s 9irz 61 s ' ri� ttt, i �0t Clients, construction managers and consultants have found that our three- h Y dimensional technologies and animations allow them to understand the project scope, design and building system details as it presents them with a "living and evolving'depiction of the project. i Z � 92L 13 4 Click Here to go Back to TABLE OF CONTENTS NONE TME JULIANAPARTMENTS AT CREATIVEVILLAE Orlando,Florida PROJECT COMPONENTS 409 units Rooftop Pool &Terrace Clubhouse& Fitness Center Collaboration Space Dining }" PROJECT SIZE 250,000 SF 6,000 SF retail E 14-stories 1.6 Acres r r„ SERVICES 11 Architecture t 1 ) ,w Wf i I'M J)�r{i��fNI�j_ 1 t bks 1 J t II ON 1 4 Click Here to go Back to TABLE OF CONTENTS NONE WESTSHORE BY CORTLAND Tampa,Florida PROJECT COMPONENTS 586 Units Leasing Office Clubhouse a Market Place Fitness Center t� Business Center Sky Lounge fr � Two Pool Patios PROJECT SIZE 740,815 SF 994 Parking Space ? SERVICES Architecture h u Yr"'•""� � tt"`' � tt 7rf�f �.....f tt it r rl n.. DIDi i U1 - I f ' t- ,.92L 1 4 Click Here to go Back to TABLE OF CONTENTS RADIUS Orlando,Florida - i PROJECT COMPONENTS 320 Units 6-story Parking Garage Pool Deck Ground Floor Retail i tai hts���' tit � �s ' PROJECT SIZE s 300,000 SF 13 Stories i r SERVICES � Architecture Interior Design I t S � ���€l`� ,V`~�t�� `�� {i ks r ��ilti,��1F t r �+tSl t � sr• � r t �a s k 1� I �S n � � N� ti: sy :- 4 Click Here to go Back to TABLE OF CONTENTS NORAAPARTMENTS Orlando,Florida PROJECT COMPONENTS 246 Residential Units Pool + Courtyard Features Retail + Restaurant LEED® components PROJECT SIZE 279,950 SF } 400 Car Parking Garage 2.5 Acre Site SERVICES Architecture a Interior Design Landscape Architecture -its t� F ` s w, i 1 >i � 1 1 4 Click Here to ger Back to TABLE OF CONTENTS � NONE TYT IVANHOE Orlando,Florida PROJECT COMPONENTS =-- 630 Residential Units Brownstone Festival Street Restaurants + Retail Amphitheater PROJECT SIZE 53,000 SF Retail 428,662 SF Brownstone 1,146 Apace Parking Garage SERVICES Master Planning Architecture Interior Design sll ��jI �t '11 S � �r it dill 4 '� W II ks '3 ate tt�F.t�F`zst, 4 Click Here to go Back to TABLE OF CONTENTS K1fflm1ey))) Horn An Introduction to Kimley-Horn Overview History Founded in 1967, Kimley-Horn is a full-service,employee-owned, multidisciplinary consulting firm offering abroad range of engineering, planning, landscape architecture,and environmental services to clients in both the private and public sectors. Over the years,we have grown from a small group of engineers and planners to one of the most respected consulting engineering firms in the nation—and a recognized leader inland development.Today, Kim ley-Horn has over 4,100 employees in more than 95 offices across the United States and in Puerto Rico, offering a full range of consulting services to local, regional, national,and international clients. Engineering News-Record(ENR)annually compiles and publishes the rankings of the 500 largest U.S.design firms (architectural and engineering firms), measured by gross revenues. Kimley-Horn's sound growth and stability is reflected in its steady rise on ENR's top 500 list.The firm first appeared on the list in 1981, when it ranked 421st. In 2019, Kimley-Horn ranked 21st overall and 8th among the top 100 "pure design firms."This growth has been accompanied by a steadfast commitment to providing responsive client service and pursuing continuous quality improvement. In addition, ENR named Kimley-Horn the 2015 Southeast Design Firm of the Year.The following awards provide even more insight into Kimley-Horn's culture: ®®® The firm has appeared on Fortune magazine's list of the 100 Best Companies To Work For 13 times:for six years from 2005 through 2010,and from 2014 through 2020. In 2020,we rank 16th. ®®® Ranked the#1 Civil Engineering Firm To Work For by CE News in 2004, 2006,and 2007. Kimley-Horn is the only firm to have been selected for this honor three times. ®®® Each year since 2008, Kimley-Horn has also been recognized by ENR as one of the nation's"Top Green Design Firms."More than 100 of our professionals across the firm have earned LEED accreditations. As consultants,we take pride in building real partnerships with clients.That means you get an expert Kimley-Horn team that delivers high-quality results on time and on budget,advocates for your best interests,and worksclosely with you and your entire development team throughout the site development process—from the earliest stages of due diligence and entitlements to construction bidding, inspection,and final punch lists.And because Kimley-Horn makes deliberate business- planning decisions on hiring,growth, and client selection,we remain financiallystrong, independent,and stable. Range of Services Kimley-Horn offers a broad range of engineering, planning, landscape architectural,and environmental services including: ■ Roadway and bridge design ■ Site civil engineering ■ Advanced traffic management systems o Stormwater management ■ Areawide traffic signal systems o Water/wastewater treatment 0 Parking planning and design and collection systems 0 Public involvement programs o Paving and drainage ■ Geographic Information Systems(GIS) o Utilities ■ Environmental permitting,assessment,and ■ Land development services remediation ■ Landscape architecture ' Wetland delineation,assessment,and ■ Urban design and planning mitigation ■ Predevelopment services • Construction administration/observation ■ Comprehensive planning ' Building structures ■ Permitting and approvals ' Surveying/platting ■ Transportation planning/engineering ' Aviation planning and design 92L,. 19 and f 4 Click Here to go Back to TABLE OF CONTENTS ,vnEDULE__1_/, CRA Board Meeting - LOI ...................................................................... November 10, 2020 CRA Decision to Negotiate ........................................................ December—January 2021 Agreement for Parking and Land ...................................................February— March 2021 Selection of Partners and Confirmation of Development approvals ....................................................................... April — May 2021 City/CRA staff Pre-application meetings .............................................. May—June 2021 Master Plan and Site Application Submission .................................... July —August 2021 Permit Review and Comments ...................................................... August — October 2021 Response to Comments — DART Meeting .............................. October — November 2021 P&D Meetings ........................................................................ November— December 2021 Public and City Commission Hearings ..................................... December—January 2022 Multiple Building Permit Plan preparation ...................................... January—April 2022 Multiple Building Permit application review and issuance ................... April —July 2022 Garage Phase 1 Construction .................................................... July 2022 — February 2023 Hotel/Residential Phase 2 Construction ....................... October 2022 — November 2023 Residential Phase 3 Construction ........................................... February 2023 —April 2024 Residential Phase 4 Construction ......................................... July 2023 — September 2024 Retail/Commercial Phase 5 ..............................................................................................TBD } 20 4 Click Here to go Back to TABLE OF CONTENTS APPROACH TO PHASSING OF P R 0 J E C T FO R T HI E 1-'�, B E N E 1-'�,F1 T 0 F M, fill � t � f t 10 jff fiu, ��8 a Il s MI1 : � �'u t x �e"3p���, N 0S 04 f"SIa'-ik�CSvS aRAqvi � - A All a� r N � f t_ tir�� fti t�S�p{i a r><x T r , 110�" 21 4 Click Here to go Back to"FABLE OF CONTENTS NEIGHBORING PROPERTIES," PotentialBanyan Oasis Project Site 1 Current E21- Project— Boynton Beach Town Square ` i ' Z,4 1 J 4 ff44. t f` Ocean One 1 I '.3 is c : , _ Boynton Beach Marina District The Villages at East Ocean gpl0ceyn t .. Legacy at Boynton Beach t� 4w t REAL ESTATE Ocean 500 _. 4 Click Here to go Back to TABLE OF CONTENTS oVEJZALL-,, Pf W J E.CTID E---,,VE---,,L---,,OP?MIENITI SITIE. WITIR TIRE. OPPORTIUNITlYTIO WYO fZ K WYIT 141 T14 NE I -141B o fZ$(— gag", . o r s r, - r - t� — t t E S a8 � � i�v.;yr,t N i n t v t '"tt { r�t ® • ° � ,far MOM� a.'?�rr� tr.�:S F t REAL EEITATE 4 Click Here to go Back to TABLE OF CONTENTS PRO JEC-7 SITE---,-', L.OJOKING SOUTH WEST CORNIE-l-'sR Of IIWY AND BOYNTON jEACH B jLD � d r F 4 s yr 1, s{ ui11 rs �a�f��u� Islam Pr©pert/ MOM ' {F t 24 REAL EEITATE 4 Click Here to go Back to TABLE OF CONTENTS PRO JEC-7 SITE---,-', L.OJOKING NORTH EAST CORNIE-l-'sR Of EAST OCEAN AVS IUE AND NE 4Tfl SSTRE---,-',E---,-',T x h k U x r u, I N 4 Raz} �. a op t` e s rti t �__ as �" � 4�1� �• _._ �.� n FtQrid`ast tewerk ,t MO REALM 225 4 Click Here to go Back to TABLE OF CONTENTS PRO JEC-7 SITE---,-', L.OJOKING SOUTH EAST CORNIE-l-'sR Of BOYNTON BEACH BLVD AND NORTH EAST 4Tfl SSTRE---,-',E---,-',T IN 1 { vl t r 't�' � �. � - � •�r tri �- t ^�����r� F r A St k� �z. t tr J r - _ �r��le„� MOM ' {F t 26 REAL EEITATE 4 Click Here to go Back to TABLE OF CONTENTS PRO J C7 SITE L0 0 KING NORTH B ETWEE 1 FZEDERL IIWY AND NE 4Tfl SSTREET a '4S �t „ ,., .� a t 1� ac A� i v w F — t R. II , s Ir Shafiul 151am dyer"Family �ra��erty, t w REAL 4 Click Here to go Back to TABLE OF CONTENTS - 1 ' ' ry m {9 t @rp 4 t 5 L � tEa p d t s s Sx r A t P 1' r,. f�rdNl ar1'ia��er.'t{f� PRO JJE---,-',C,/T SITE---,-', L.OJOKING WEST ACROSS HIGHWAY `Pr©pertr�e+s 28 REAL EEITATE 4 Click Here to go Back to TABLE OF CONTENTS MAS, TER P L A 1 t I'll ff"ll IF t 1 - � 7 i — 4 a W a t11��11h 'rt {``' $ 111 '4,1 17 17 t orb .... rr ttT rie;H ,r 9+1 flr48r Y-" J °p =- `ai` t � � � t = t ! � } h '; Rg — I T 3 IWO 1 t r i z r Y Y a 3 �t t 7 t s ty: — . r E2L 29 REALoSTATE 4 Click Here to go Back to TABLE OF CONTENTS C'ONC'EP)T IDEASS AND RE-1-LE-1-VANIT SPACES , r FW om i 7 h � µ I 1 , I 7 i t I 111 t � IF; Ps � REAL ESTATE 30 4 Click Here to go Back to TABLE OF CONTENTS CONCE-1-TT IDEASS AND RE-1-LEVANIT SPACES {rtk a�} , it x: N - � k �yist,2 i t u' f it W-77777 ph t'� x' H:` REAL ESTATE Ys 4 Click Here to go Back to TABLE OF CONTENTS IS S 10 N t CREATE A PEDESTRIAN FRIENDLYNEIGHBORHOOD FOR THE COMMUNITY OF BOYNTON BEACH ty, come together within ��4 .F ill, � nl, atli N f public and gin spat that provide warier of experiences c�, andinteractions within the community. i' s The current situation of 2 00 has taught us that outdoor 1 ares ard recreational spaces are necessary for the t ji 41 mental and physicalea of the community.This urban , r1 development brings contemporary ideas for the design of the , future. —711-111-1-71-1 4� F= r . f - r� 171111, � rr 4{ t+trr,11 4444 _ 4 r}7Ury4 1 r�' it I",4^ It r ti})i }4(lt iti i 1 )ft�t '� §„ it iri�,hs,it tiir{4 7s,�4 Ej El f 4 S r + �5 It 4 �11 1111+i1 , I TRATE STATION t�i�t tri: t'4 t a4�(��� 1> it 1f 744 rst - t i 1. 4t lli�t 7+4Ci�„�j,vt' 117 SIt#14 4 yifl((i 1 47 ��.Y t , 1447��541 f },� 414 ip) 1 �. - 44114( 17 1� ,1, ,7i 1 lg 4 44 (13 '*-)Yz 4r ''ti�t tt t tis 44 1 rt} 4 4 1195 rt+ed rar tw 200205.00 10 29 2320 ���,�, REAL ESTATE S2, 4 Click Here to go Back to TABLE OF CONTENTS SITE INPOR#MATION r_ ra ira,rq rca i fy prc, €ay Gb z .. PARR&Rg 1 R LEVELS Parkrng Pwxvvwda�l Gr'§ti TOWER 9.[B STORY RESIDENTIAL i t T rte, j i i`). Retail+Food B BoYet& X1 1} d Lave]01 8,749 SF S�}tu Realr�ar�tlaa i Le md� .l. 4 I NMI 56 2 1ii�'lh X, 22 Total Unita 195 1 _ TOWER 2[6.5Zd2RY R@SIl3'IWR$tJRL I Retail l Veen A Beverage 01 10,913 SP err L+�edd.ucrr' i0, Total Units 4S TOWER 2.[5 STORY R£k6RT9'ALTT'd" ° }t}itl F 4 Retail l 010 �se�era,0 �>��iy, " �Eerofiol 0l BntYtfA,SF t HOTBk. Guo'L Ns r}rr ei Le aYa3 05 Total Goext Reares 430 ENG G 3 R i The community of Boynton Beach is known for being socially active and friendly.These areas provide means for people to connect with each other,interact, and create an opportunity for a variety of activities. This lively scenery offers a vibrant engaging and warm welcome to those walking through the neighborhood,making this a '"must go to"destination. r t F I i Vi I yy �t a t N�5',ti�'ra 6. 116rifederal hway 2002015M 1o. 020 ,E21 Baker Barri(. 33 4 Cliche Here to go Bache to TABLE of CONTENTS 'EXPERIENCEHURRICANE: ALLEY ECLECTIC PASTR f- s a z }i �1 f Ixu� i0S ker 13, I � r II ` ny r L1 W. f(4 r 116 rifederal hvvy 200205 00 10292020 B� ., in 8 4�t�+.,���'de gEA�ESTu1TE AN • `;'1 :,, k��x�'���#���P ���N�'h, } }f sf�is3tr Gtt�Br ,C r.r"��%z<< r _ � r„ .w: '�.�4 c c fp v =r 1 f Al v pp S 1 t11s l� ?S,iZ,(��,1£}i,}S$t't}Ir�t(.£�,'���2�� mom :• 4 t } - f, l r s ss -t f c }t�rfi;;�ar>,1V� str._ t7t i...ts a '?s tom.: u4��aV�i11����G�t������v��tt `��,,�� 3 4 Click Here to go Back to TABLE OF CONTENTS I-R I ^.."M L � �`��jt� �I�Lm 9 I��w N C f— y M1 Pr y «cu 7 4�} f i �l '� {l A{ P 1 4 S F } 7 IS S, - I I ��7 ,a a i• R uR�Y � 7�1 ( v� 7 1�u�tl�(I�J7u�lYi jYP7�l I����i'7,, �, o I s I 6 (ll, TRANj -�'`�3yy,,. ;S1Y 4n '� �o � �qN I'rr-«..IP 'y'� r � � � � ar- ft �,«w�!b � "' aa :o..,�j„« A' BIW t��7N.« •.. ka .,� .. � . N,�}g .+}�'-wN� ., P .F RASTANDMUECME7>E . 7f� Ir 01 a si I ry 1y 7`,77,9j�S} VA i�a al �i� � �; i I 1t �•., - a t }I f, �r 7 1�jf i 116rfedewel Fir 200295.00 10.29,2020 �. Baker Barrios k Rrnr�srar� 4 Click Here to go Back to TABLE OF CONTENTS 35 C �D PARKING h� ACE"__ SU LF , i r j 4 I y Parking structure as a visual e k and Physical connection to the E Green Plaza , all z yg�gg P Fh�i... +3 '?M LPA d''t Y"' y ENT G K' E DS.i MCI 'ALKA' 1LI TY THROUGHOUT THE t NEIGHBORHOOD OWS FORAN URBAN MOMENT THAT W1 LL BECME THE"MU S T GO" LOCATION TIT OF BOYNTON BEACH. It44 S$�h — t $�Alxxhood will lead111�� 1; t to s dver* art ad nim - } y I 1 � F .- 11+5rfederal hvuyt 200205 0a 102920X1 � ,� 1: �� er Barrio YY$ ftEA(ESTATE •, ,'a ..... 4 Click Here to ger Back to TABLE OF CONTENTS 36 G H ter t RRrT Y, 1\ :F�a4.a- } r•� �f n�lailtl���;�t'x � � _ xu,yil�V��,l��\�1q1 � I y, 4� r J v s. n 4 f i k j ty u .. a �`a a , Y 4 37 ,im 4 Click Here to go Baric to TABLE OF CONTENTS � 4� +REALESTATE FINANCIAL APPROACH Understanding the Purpose of the Boynton Beach CRA and aligning our services to support the goals of the CRA Board "Under Florida law (Chapter 163, Part III), local governments are able to designate selected portions of a City as Community Redevelopment Areas where slum and blight exist. Examples of conditions that can support the creation of a Community Redevelopment Area include, but are not limited to: the presence of substandard or inadequate structures, a shortage of affordable housing and inadequate infrastructure. The CRA improves deteriorated areas through revitalization efforts which improves the property values within the designated CRA area and increases property tax revenues. Our approach to the Development of (insert name selected) of the CRA property at 115 Federal Highway includes several key factors to assure the overall project success. These include taking our experience and applying that to today's economy and interest of the CRA and City of Boynton Beach. 1) Parking for the overall development including existing business is critical. The financing for the garage is proposed to through Public Financing using the low interest rates available to the CRA/City of Boynton Beach under an Enterprise Parking System as proposed for BBTS. Private property users would be accessed a parking license fee to cover the proposed long term 30-year bonds coupled with TIF financing to offset any shortfall in parking revenues. We can also offer the CFP approach used for BBTS should this be preferred for the CRA. 2) Purchasing of the private sector parcel(s) would be through land options for each component shown. Closing would be based on confirmation of all financing necessary in place (equity and debt) to construct the properties. E2L would work jointly with the CRA/City to select partners for each asset class and/or through our direct equity debt partners for the developments. 3) Since the property is in an opportunity zone we will focus on working with the existing land owners specifically with Davi Camalier to integrate key parcel(s) into the CRA site and create a true master development. Appraised and/or negotiated property values would be used to underwrite the project. CRA/City owned land would not be incumbered until transfer of property was confirmed with financing in place. 4) We have established the below estimated values based on the programming section of the private sector proposal.The anticipated Tax Incremental Financing generated would be as follows: ➢ 125 residential units-leased based $41.3 Million ➢ 95 residential units-leased based $30.9 Million ➢ 130 room hotel or 42 for sale townhomes $21.1 Million ➢ 30,000 SF of Retail/Commercial (included above) ➢ Estimated total propertyvalue at completion $93.3 Million ➢ Annual tax assessment $730,000 ➢ TIF available over 30 years $21.9 Million 8 4 Click Hereto ger Back to TABLE OF CONTENTS � k� + REALoSTATE PRO JECT PROGRAMMING AND PROFORMA CURRENT CONCEPTUAL MASTER PLAN PROGRAM (Preliminary figures, subject to change through detail design) NEW BUILDING COSTS Gross Dwellings Est. Breakdown Sqft #Units/Suites Studio 1B 2B Residential 1 115,000 125 47 56 22 Residential 2 83,000 95 45 40 10 Residential 198,000 220 92 96 32:1 Hotel 67,000 130 Retail (new) 30,000 total(sqft) 295,000 1 TOTAL COSTI $90-95Mil. (excludes parking) STRUCTURED PARKING (GARAGE) COSTS Type Count Private 536 Public 150 (Includes existing commerical) total(spaces) 686 TOTAL COST I (Parking only) (TOTAL PROJECT COST I $114-119Mil.1 OPERATIONS & ASSESMENTS OPERATIONS Annual ($) Gross Rev. $ 1,003,200 (From Garage Assesments) Operation Costs $ 415,000 (Includes Reserves) ,Gross Profits $ 588,200 (Available for Debt Service) Full Financing $ 739,307 (Annual Debt Service)" Funds Available $ (151,107) Additional funds required to service Debt from projected Annual TIF available Projected Annual TIF W (Conservative figures shown) 30 Year Projection (Excludes Increases in Ad Valorem) "fw Notes: (Based on prelimnary cost est. 93.3M) *Assesments on private and public spaces vary and subject to change and may involve subsidies "Payments made monthly,includes Interest&Principal REAL ESTATE 39 4 Click Here to go Back to TABLE OF CONTENTS WYHIY E-2L ➢ Continuing the Partnering Commitment to Boynton Beach! ➢ Continuing performance execution as established on BBTSI ➢ Continuing to support the CRA and City vision for the future! } , � , t t , � � � �� � �\ l ,� � fit , A 6 I"'A "o ,Ili 'u P� REAL ESTATE40 OLUTIONS. LLC 4 Click Here to go Back to TABLE OF CONTENTS B &H Fine Foods II Inc. 6063 SW 18'h St. Boca Raton, Fl 33433 Letter Of Intent 2020.November16. To; CRA of Boynton Beach Re: CRA Notice of Intent to dispose of real property at 115 Federal Hwy Boynton Beach Fl.Publication dated August 19, 2020 B&H Fine Foods II Inc. (developer) offers to acquire the CRA parcel at 115 Federal Hwy to develop a Supermarket consisting of 20.000 square feet with 120 parking spaces. The Supermarket will be built to gain the status of LEED Certified. (Green Building). The Developer will work to partner with the CRA to create a development that compliments existing neighboring businesses along with the long-term goal of a Commuter Rail Station. Term and conditions of this agreement would include a Reverter Clause to protect the CRA's interest. From the confirmation of an agreement with the CRA the developer would look to have the project completed within 18 months. Projection date would be mid 2022. The Supermarket would serve the Boynton Beach downtown and surrounding neighborhoods. Features of the Supermarket will consist of an Urban Greenhouse, (a first in Florida), offering a Farm to Table offering of produce grown on site and including produce from farmers throughout Florida. The Supermarket will offer a full array of departments that compliment the neighborhood. Another feature unique to the Supermarket will be the Commercial Kitchen. The Commercial Kitchen will be certified by the FDA. This commercial Kitchen will offer the opportunity for local entrepreneurs a place they will be able to produce and sell their local products. Currently the developer owns and operates a Supermarket in south Florida that has been serving the community for over 35years.Also, the developer manufactures and markets consumer package goods to national supermarkets. We look forward to further discussing this unique opportunity to be part of the Boynton Beach community. Yours sincerely, Barry Adkin Director B&H Fine Foods Inc. 2 R� 7,� EIE., x+ • M I"d Use Development Proposal 'i GREEN 115 ti - GREEN 115 Letter of Intent Site Plans & • Elevations The Team t _ Capital Stack & Proforma • Project • Highlights a Timeline • Letter of Intent � VA a t�' �✓;� ' �,z dd'_'„. � ,y�� w §"+ %�, ''a REEN + 43 114 It xot #, n s w � 'd. Letter of Intent 1 - 1 i . l - 1 a I — Letter of Intent - Continued 4 l 1 \ § - 1 � = K - _ 1 _ l A - ',"��.. � = - � � �.('.�' �..= ;•y '_ ..= _ � tri,.. �'. : �.kmw - � ,� '.. _ - 1 t \ { 4 - - _ 1 t 4 - Letter of Intent - Continued + a \ t = 1' = F t \ tN \ l \ = 1_ 1 - Blackojjyx CAPITAL C YATES bakertitty ASSOCIATES ARCHITECTURE E� MOS BAINBRIDGE Building the Exceptional Miki Kievan CEO Blackonyx Capital LLC While attending business school at York university, Miki founded his first company in r the hospitality & events industry, which grew to become Canada's largest event decor company. In 2008, during the economic downturn when most people were selling off their real estate assets due to the uncertainty of the marketplace, Miki saw an opportunity and started investing heavily in commercial real estate. His acquisition strategy proved to be highly successful. Over the past decade he has acquired and developed hundreds of thousands of square feet of commercial, 4, {{_ industrial and office space in the Greater Toronto Area. His business savvy and passion for real estate continues to be the driving force behind his winning investment formula. In 2016, Miki founded Blackonyx Capital due to growing investor demand to invest alongside him in medium-to-large commercial real estate assets across North America. Miki has been actively involved in a number of philanthropic and non-profit organizations, and has received many accolades over the years for his contributions. Multi-tenant office & retail complex developed and managed by Blackonyx Capital LLC �4 n t r t ; �4 F t ' ilu i �4 t} 4 V w r 83,000 sgft on 4 a 3 acre a rce I of t f land. d. r 1 1 1 1 1 1 1 0 1111111 1111111 1111111 Multi-tenant office 11S-133 & industrial complex developed LIMESTONE and managed by Blackonyx Capital CRES9 LLC TORONTO I NN: wi � C21 I , j r I 1 Y• 111' r!( t Ilfl 1f 5N+ �N rl I Z r i I r I f � 3 � � � � � � � 21,000 sgft on a 1.05 acre parcel of 1 land. SATES Architectural Partner ilASSOCIATES ARCHITECTURE KELLY YATES - PRINCIPAL/PRESIDENT Kelly Graduated as the top ranked student from Texas Tech University, Magna Cum Laude and was the Recipient ,, t of the 1987-1988 American Institute of Architects School t; =7 Gold Medal, awarded annually to the most outstanding graduate. After moving to Florida in 1988, Kelly passed the Architectural Registration Examination in one sitting s mil and received his license in 1990. Kelly has worked for a number of prestigious firms in the South Florida community, and has been practicing on his own since 1993. A talented designer, Mr. Yates has received many awards, including Gold Coast Builders Associations Prism Awards and the Treasure Coast Builders Association Medallion Award. In addition, Mr. Yates has taught Architectural, AutoCAD and 3d Modeling classes at the Palm Beach campus of New England Technical Institute and Lincoln College. DAVID MAHONEY - SENIOR ASSOCIATE Self-motivated designer with over ten years of experience �r. in architectural design, project management, construction document production, three dimensional modeling & CADD Design with a focus on high-end custom , residential projects all over South Florida. Further � experience includes renovations, remodeling and new £4 construction for residential, medium sized commercial and medical facilities. SATES Architectural Partner ilASSOCIATES ARCHITECTURE Award Winning Architecture • Over 30 Awards for Excellence • Gold Coast Builders Association: • Gold and Silver Prism Awards for architectural design in new construction, per-construction, renovation, and commercial • Treasure Coast Builders Assoc. • Gold and Silver Medallion Awards • in new construction, and pre-construction. Since 1993, award winning Architect, Kelly D. Yates has been providing a full range of exceptional custom, residential and commercial architecture, design and consulting for private clients and prestigious area builders and developers throughout South Florida and beyond. Specializing in new construction, renovation, master planning and historic preservation/restoration. The firm has extensive experience in commercial, residential, healthcare, and hospitality. Yates Associates Architecture artfully combines one of civilizations oldest disciplines with today's ever growing state of the art technology. The professional staff at Yates Associates offers a wide range of backgrounds and training. We combined seasoned experienced with an attitude that is current and aggressive providing a diversified studio for new ideas and innovative results. 14 YATES Architectural Partner ASSOCIATES ARCHITECTURE Local Pr jects 01 The Breakers Beach Club i fan, 111,01 .. . . . ..... . I I Fill I I I 11 A:k I I x� ir'din St Lucie Dabs Putt St Lucie, Florida k St Lucie Oaks Commercial Center t 45,000 5,f,1100 Boom Hotel 15,000 s,f. Commercial Building U 1£ 4� Al, 46 Concept Concept rendering f , { R �Iry Site Pian Typical Floor Plan )AN,, r €(r � �5�)R3tjSl4 rS,sj" r�n5 ommer lal Buillrng FronT LlevaTion ���f�S4�yltn,�r,t{P21t�Yiitijt� s��1�ti�z,i�t�rti r,�,t'?\?�\a�titt` tv re, ))� sj�j � �11 � 1011 V, , LD -- LU - ' ; � 1 Hotel Front Elevation Ocean Club Condominium Ju ffer, Florida f ft sf f, % V i, ry( b Elf I Vi f Uri h 7 y, f ? U f i in - ~� ,l sl M1��Yu l Conceptual Rendering _ - 'J ' fS tt _ Svnan 4F d" � 4 I� "ark>,i aMr i Floor Plan 1®7 MC)SS Construction Partner Building tthe Exceptional Moss is a national construction management company providing innovative solutions resulting in award-winning projects across the United States. And while we have an exceptional portfolio of successful projects, it is the foundation on which each is built that truly sets us apart. We are a family business, forged on longstanding relationships and unwavering trust. We put our world-class experience and entrepreneurial spirit to work across all areas of construction management, general contracting, design-build and public-private partnerships. MC )SS Construction Partner Building the Exceptional Local Projects VIA MIZNER APARTMENTS iyitl 0 14-Story - 366 Units - 255,746 SF i �M '` * 18,707 5F Retail t ® Parking Garage:4-Story, 254,000-SF 1,777 ® Cyan e Cate JE i, 4 r { r : r r It m ti ��liw' r p -1, .7-2- THE MANOR AT FLAGLER VILLAGE Located in downtown Fort Lauderdale, this 784,000-square-foot residential project consists of two, seven-story towers with 382 residential units, a parking garage with 735 parking spaces, and almost 2 ,000 square feet of retail and restaurant space. The type of residential units vary between studios, one bedroom, two bedrooms, and three bedrooms, 1 BRIDGE Property Management Partner Whether we're working with internationally recognized financial institutions or local investors, our dedicated professionals bring detail-oriented and personal service to every client and investor relationship. We are proud to be trusted to expertly manage properties that range from 100 apartments to as many as 5,000. As we deliver a premium lifestyle experience to a growing number of people, we strive to share an improved outlook with our investors. The neighborhoods and cities that our communities call home are special places. Bainbridge is inspired to make them even better. From making a difference in local green spaces to helping those who need assistance, we encourage any community service that brightens the future and inspires others. The Bainbridge difference begins with the unique neighborhoods that our communities are fortunate to call home. Property I LocalPartner • _ t y ty �qy; f S if}}S}illiA'„Sl lc t t , ,,rt 1S S'S'S11t 1 ,f4}l>(lk01 t y>ty y z - � i Si ty s r �I 6 S `w a , 5'S �_„� . 4➢ � �;- �}�) � til}tt}S� �1�� a II 1u. }� 3 K g �. . �F' f r k VW c s%ft 11 II - t 1 Ito s <<fis Romm malmmm Om IP Omm" Newmark _I Debt - -_ _ 140MM 63 mom lamm Knight Frank Newmark Knight Frank, operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ: NMRK), is one of the world's premier commercial real estate advisory firms with a fully integrated global investment sales and lending platform. From marketing the sale of single assets and portfolios, to structuring complex debt solutions, to life of loan servicing and asset management, we provide 360-degree solutions. Taking a consultative approach, we assist clients in effectively managing their real estate operations and portfolios, and creating and executing on strategies that optimize the capital structure, increase efficiency and ultimately maximize value. Newmark Knight Frank's Multifamily Capital Markets Investment Sales team are nationwide experts, providing asset-specific customization that yields highly effective transaction strategies. By leveraging our proprietary database, each advisor has ready access to unique market intelligence to drive demand and match each client's assets to a robust group of investors from private and institutional owners to global investors. Investment sales advisors work closely with the Multifamily Capital Markets Debt & Structured Finance team on loan origination, underwriting, closing, life of loan serving and asset management. This seasoned team provides clients with innovative and comprehensive solutions by accessing a full complement of debt products including Fannie Mae, Freddie Mac, FHA, Bridge, Life Company, Bank and CMBS products. Newmark Knight Frank's Multifamily Capital Markets team is responsible for more than $37.1 Billion in multifamily transaction volume annually. 63 momm IP omm" i Newmark W"I"IMM Debt Ra'sise Partner 140MM mom lamm Knight Frank Local Projects CONSTRUCTION FINANCING T' : ` ENCLAVE AT 3230 H1 ( t" tit. South Daytona, FL Loan Amount: $28,996,000 * Term - 4 Years + 1 Year Extension • 10 -4 Years • LTC - 65% (Debt) • Status-Closed October 25, 2019 The MCF Capital Markets team was engaged to arrange the construction and preferred equity financing for the development of a 256-unit multi-housing community in South Daytona, a submarket that had not had a new development in 15+ years. The Sponsor was unsure of the structure or leverage they needed as we began the assignment but needed a loan placed that could be modified while in process. NKF received indications and/or term sheets from nearly a dozen lenders on the debt side and four quotes on the preferred equity side, giving the Sponsor optionality once the deal was placed under term sheet. Ultimately, the Sponsor chose a lower leverage option at 65% ($29 million) allowing the 23 tightest pricing and limited recourse. �ss I A3 111W 1, Local Projects 1A J, 4MV, (9 bakertitty Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm whose specialized professionals connect with clients and their businesses through refreshing candor and clear industry insight. With approximately 2,700 employees across the United States, Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country. Headquartered in Chicago, Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 countries, with 28,000 professionals. The combined worldwide revenue of independent member firms is $3.8 billion. Wright Johnson is recognized as one of the most successful providers of comprehensive consulting services for EB-5, also known as the Immigrant Investor Program. Aaron Goforth, Wright Johnson president and recognized industry expert, will join Baker Tilly as partner. Goforth is a leader in the EB-5 area having served over 600 unique EB-5 clients, conducted over 600 EB-5 economic analyses and executed over 700 EB-5 related business plans. Baker Tilly Capital is a wholly owned FINRA broker-dealer that is approved to offer EB-5 investments. The strategic addition allows Baker Tilly Capital to leverage Wright Johnson's high-quality EB-5 consulting services and makes Baker Tilly Capital a preeminent partner for EB-5 projects. bakertitty Local EBS Projects �lit�+;}ii?s,t, „r<,t,r s,�tlttir�tn llFFr �tt t�{ tSY {{j 1 4", IVORY',N4 A N—StBfLt-3 d of-sc dn.-Lixuty l y 2W-0.,A 'th. 1 h1yd 0 L I[lEA hi t L 16942 q.fl 1 1, 3BI9 I q.4 If01— !DG eo, i.,Po-eo,s -d tnW h,to9f­­_- rnvamz.t.r,, a W` -5 L,xt,.tiCf't oil .2ds,.Yate4Y..LOEir r'aich2/Jid-antltlebae ylesel'orihcNo.r. I'20I8 V� I I" g TAPESTRY �. -tsDIE frCOLLECTION D vsl p S.I"D L o _P ar =l.e,s<w ad,d IILl r,rt t Ism ( c t t© w v i Kis yula, SDH STUDIO i I � - H isle n HI H i I la,. r".ctiory Hotel Mrt Enit ao dHusp-dit, „ [`/�'` yy ''pps{� ''ll Iotsncr Design:SDH.,i.sds Gx -al EH5 PAR I+1 't dF eaa t t HL r- -Ilrirl4;l°. l F.c I Inarl ConsuftaI&,lw 1rC olmlia L s.fC.-a.I:9.J L - - , - E85 P§9a�sIG¢Msr.rlci tl�£B51r I.ziL�.f1�9ior�lEznter S�IAk.[%t rlLLv UNIQUE AND AUTHENTIC THE PROJECT 12112 Aventura is a vibrant mixed-use project,made up of The 10-story construction begins in 2019 and culminates in 2021,bringing together the team of professionals with the three independent components:Commercial Area,Senior longest trajectory in South Florida. 12 12 tie ng and Medical/P therofessional Offices.It is located in On the first floor of 12 r of 1212 Aventura,there will be restaurants and market-style commercial area,becoming the epicenter of Aventura,Florida USA,on a m jor high tmffic of the District,it will be surrounded by office buildings,residences and a Hotel Tapestry by Hilton,currently under orridor-Biscayne Boulevard(USI). construction,belonging to the same developer group.Development is designed by locals for locals. AVENTURA visit www.1212aventura.com to learn more. TUsra;+ µle fy1 q S � r i,r,, r;t n„ sl{ I ,,,ire,' l��lt,knu tiijl ii i Fne�T� -- tl ��� A A.itI.M� [F IAP•Mpk? >� � ,. _!! i n i hw1, ,'sl •i A■ k qM '� P CM ter ttil .f osM m� �t m H„ t - i rs rn, } ' r t � a iili t ii KI" Arn ley ))) Horn Planning Partner • • Kimley-Horn's design engineers and land planners have developed master plans and designed the infrastructure for some of the largest and most successful mixed-use developments in the country. We know how to overcome the challenges of a multi-phased project. We understand how jurisdictional and municipal processes affect schedules and approval times. And we have a track record of seeing what is directly ahead, envisioning future possibilities, and responding adeptly to whatever comes along. Our professionals bring a lot to the table by: • Ensuring more accurate schedules and approval times through our understanding of local regulatory processes • Seamlessly integrating the demands of multiple project types with our expertise • Saving money and streamlining the process with our one-stop shop for land development services A Proven Mixed-Use Partner As a full-service consulting firm, our team can streamline your process and reduce your costs by providing a one-stop shop for land development, traffic planning and engineering, parking planning, landscape architecture, and environmental services. We have extensive experience incorporating components such as zoning, jurisdictional guidelines, multi-modal transportation plans, and context-sensitive design standards for mixed-use areas within a mature urban environment. KI" Arn ley ))) Horn Planning Partner Local • Clematis Street—theiconic main street in West Palm Beach, wI ri —unveiled t third final phase of its innovative streetscape transformation in earlyr • 2020. In collaborationit Dover-Kohl, Kimley-Horn led the City's r - streetscape transformation project, i included i curbless streetsi permeable r CLEMATIS STREETSCAPE parking City's it IMPROVEMENTS - suspended pavement system to provide i i i PHASES AND 3r r ' ' surrounding live ri . Connecting rlmiles of continuousr r amenity, the Kennedy Boulevard I i the longest over-water segment crownand the Riverwalk. i I - rprovided urban design and landscape r, architecture servi for this exciting project. Project Highlights � �ar�` '� �#�a t�' �✓;� ' �,z dd'_'„. 5r uC # ? .g YAN A, �,G. REEN + 43 "AU-4 0.gqyy;Wi�i• e� Green Initiative Green115 will feature various green initiatives incorporated to the architecture and interior design of this state of the art mixed use urban development. Some examples of the environmentally friendly initiatives include: • solar components on the southern face of the parking structure to � '��� supplement energy consumption. i 'Q • Green Roofs or community garden on roofa,� • green wall technologies to conceal the parking garage with plantings W xil k ig and vertical gardens where possible • Pool and amenities deck open to southern exposure for sunlight and air. , , • Energy Efficient HVAC systems • Energy Efficient LED Lighting f systems • Electric car chargers • Low-E hurricane proof glass - ,� i throughout • Grey water retention and water �� collection systems for onsite / irrigation use. • In addition to glass/paper/plastic recycling we can also explore compost recycling. i 30 t s Green Initiative Ze 414 I - y�, i•`iti r; y a.. � a t l n t. 11 0 I }'� I s r { .n These green initiatives will significantly reduce the carbon footprint of both the common area amenities as well as the individual residential and commercial tenant units within this mixed use development. Co-work space on demand One of the things we learned over the past 6 months in dealing with the Covid-19 pandemic is that any of our future mixed-use developments will need to include a co-work space environment in order to accommodate professionals who can't get work done from home and also can't commute to the off ice. For that reason we allocated 2300 square feet of co-work office space. Long term, Mid term, Short term rentals: We will offer long term (1 year), mid term (1 month+) and short term rentals (1 night - hotel style) in order to accommodate work force and business professionals, seasonal snow birds and tourists alike. ��\\1 ���,5 St J,t I a ft �• ,,c,lt,r,,,} ,,r., ,:.,,'�',,;;, .c,_,,. ";�--- ,N 2},),�h.,,,a r.}'S 1 ),` �,..v<,��tj�t:. ,11 $41};5'���,„,. a,,., It rc r `,y{, iY 4:-` r q, St !7) .,�t l'7 'i`rc (�_\))�1jj l�'j�,.11 d1� i fit, J,4 1, , ,t.:•S 4 ,;� �.�� .E;tti jti��it,.•_,,.. , 1St 5S�.._`°� t'$';rf .� "�' 1�4�(�� �a"�k n�,),??�J��cii�t;JS�#`r;$t'_;;l z i?triis74cl}�,_���t,�isi d���i„s{}s,i,r�`,< ,. _ _ tt ',,,`m•'�', ,s, ,;}-. $;`)�I fr cs Zs,>,.� �}ti eft(} }st{{7\r i} ��}}lt 4'{{,��tt',�i����}%f{1yt(i sf> ,}t(4 ,tl"�.,,� r ��,- V WR�7�`� ( I�gt s t`�•,7•_ _ u"ail '"� 4 1{�{{ 4����} �y�}}}�"'t���} s �is���� � t r 1'i'I;,,•- -- s,r�{„r )yt4`;"y'���}}5 '� »>„'}� r-'' - Ys h u CYt `tlu"s_ � t twft2te it (�` t _ IC l��lt� t � i�t , + t ll r 1{�,• St7�7��; r INE 7) - '� `}'{�Y} S)st�2 Jtt�£t ,t�it=;r ,� _ t t,� �,, �- si� }t� • � �,, 32 Commercial/retail Over 21 ,000 sf of business space available on ground floor • The business/restaurant component on the south west corner is open to the park to engage with existing neighborhood. • Businesses face each other on the ground floor levels to engage street. • Flow of business occupancies from Federal Highway west to 4th Street. • Business space facing tracks for integration with future rail expansion. • Co-work space for tenants to work from "home" within the residential it in . . . .......I nab Ft. n ,s it { 9 t i F ,t, Amenities Green115 will feature 2 pools: (1 pool per building with amenity deck), gym, smart lockers, valet dry cleaning, lounge with refreshments, play room, future train schedule monitors, bike lockers etc... t,S, i+ ntrt�Ar ds — i �Y 1 'I � tiS . c t r t e 4 f t Site Plans & 14 Elevations 'p, �T,-Ww � �ar�` '� �#�a t�' �✓;� ' �,z dd'_'„. � ,y�� w §"+ %�, ''a :J1 d *'IQ 4V Davi Camalier Chevron Property CRA and City slam ul I Gas Station Owned Property slam - Proposed site Property for Green-115 P''tO Stif t{ f �4¢umtt PHASE 2 iS vu t,, "l tl f ...� es{Karr �l f iffy. GREEN 115 t l �jtlr tt fr�,t t tt! li s r ,�� r t I��f Y f t f, }r{ Isf�'�u tl ?S gd lr� it11 sf�t s I! �k f PPP +'f f, 7 �"� t I tti.s t„i{m,.s,,;slltu{f s„i l 1 s �\�lf2Rl4�4ftf{�; Jltistituj til ttt }/ D Il\ t �} f l �I �(}}t)r�ic>4t�la2t+ li{�Ilf4 it r ,1�tt1�� t l Ix�k{dpi t Sl' Yi p- AM f s � �- i 1 ( 1 } -��I! P Ace Hardware - Valeri Hatch [Dew ey Pleasanton Park Oyer Property Family LZirlway Bradley Miller a East Coast Property Property Property GREEN 15 1 YATES A OCIATES ARCHITECTURE INC- llinnij n MOMm m MAMA I l 1 > ` MM 0 14 om J M I 7 - . .. i c� z S LL z I MlI w 6_l 4 E 2 cLL ----------- El I l 1EMU L- , I ® l.� I � InIJ I r FRREVIEWRY SET 11/10/20 fes,- I 1 OVERALL SITE PLAN E SP-1 South Building 1 15 Commercial/ Retail ARCH-CTU A� E RE INC. R(SIDC)�•1L� _ 4 �� ���_ ��/ L'661 � "C '>`•`XCv �� � t 0-W LARK 70005K 6USM255� /SPA Lti/�� II till � a m - PRELIMINARY REVIEW UII, SEi PARKI'JC.AND LL:4DING LONL 11/10/20 I E I ENLARGED SITE PLAN RESIDENTIAL BUILDING ^_^ sL 38 South Building GREEN R e sid e n tia 1 1 5 U nit s AASSOCiA`-ES ARCHITECTURE INC. JL_______JL---------IL========JL----- —IL--=-----JL=--=--=----JL=====_�� Q L u 11F-u s LLr I z r� n� IIr====== I II =====SII II IL------ ----------------- ----------- ILL - II ----- � — ---— POOL II MI IIR� I A411 IIIG� dS^= PRELIMINARY r— _ J� REVIEW 0/20 »UNI I s PI R 11O0R 9 FLOORS OVER RETAIL=I9A UNITS 10 n.00Rs FOFAL TYPICAL FLOOR PLAN- RESIDENTIAL BUILDING H 5L I 39 North Building GREEN Commercial/ 1 15 Retaell ARCHITECTURE INC. El I I PARKNr I.AIRA(J a mANCT z U w I � II II I z m 4 �ry Irt I 41LVict c�`IULIDut �} 4 lcR1..L,�J i 5,000 L l - I11'J LSS/GYMi " �I 3ISNLSS �I I III �,000 cr PRELIMINARY REVIEW 1 11/10/20 i it ------------------ __ _.__ -_- NE 151-AVFN4AF------ ENLARGED SITE PLAN-PARKING BUILDING SP-3 s 40 • GREEN 15 l2j,A� YATF5 ASSOCIATES ARCHITECTURE INC. IS LINII S PIR FI00I- -I""0 ,zivn.I°I:h.IIxx:., hn;r ce�+siiv2i IG Wu oul ter. 1R:PR.L,P UP9S llAI311,IS IJ L0O4'. 3 1 LOOKS OVER.PARK INC,; LIM I S 101'l.00KS`101 AL FLOORS 8.10) it II II II II o � < P o w w �^y r I g Ly— LL m r z I I � II II II II II I PRELIMINARY II II II II REVIEW SET �____-------_ --- -- ——— 11110/2� F T II Ii II II II °E�, II II II e-AW*' I I II II TYPICAL FLOOR PLAN 1- GARAGE STRUCTURE (FLOORS 8-10� "EFS n ° A-203 5 GREEN 15 YATES ASSOCIATES ARCHITECTURE INC. 0 ' lul p p p g p ) l u g 0 u u I I m Q u ■ ■ IN ■ ■ ■ ! x C3 LLQ T4 0 a c) I I a — PRELIMINARY REVEIEW F. a 6 1-1,OORS OVFR R[ ['AIL=408 PrARKIM.SIV IS(1 L.00RS 2-7} as 65 SUR[ACL NI AR TRA(KS . 54 SLIRI A(A l.LVI L&PAI�K ALLFL 527 TOTAL TYPICAL FLOOR PLAN — GARAGE STRUCTURE (FLOORS 2-7) A-202 5 42 GREEN 1 15 SO'UT'H BUILDING BUILDING FOOTPRINT:34,6201 S.F. GROUND FLOOR 84.1SINESS AREAS 16,070 S,F. REST ENTIA,L Of FICE SPACES 2,300 S,F. RESIDENRAC LOBBY 1 830&F, PAPKIN (VERTGCAI C:IRCl LAtIC NUIJlX IES13,1 5$1, GROUND FLOOR EXTERIOR COVERED AREAS 1 235 S.F, TOTAL: 34.620 S.F. SECOND FLOOR RESIDENTIAL APARTMENTS 22,3101 S.F, RESIDENTIAL AWNMES 2,000 S.F, VERTICAL C1r2P„U AiION(UTILITIES 1,265 s.F. POOL DECK 9,055 S.F, TOTAL.: 34,620,F. TYPICAL FLOORS(THROE-1EI} RESIDENTIAL APARTMENTS(PERFLOOR) 22,310 S-F. VERTICAL CIRCULATI NMILITIES(PER FLOOR) 1.255 S,F, TOTAL PER FLOORI : 23,665 S.F. TOTAL OVERALL: 188,520 S,F. CSRA 4D TOTAL IS UTH BUILE1ING) 257,7601 SY NORTH BUILDING BUILDING FOOTPRINT;22.165 S,F. ROUND FLOOR BUSINESS AREAS 5,000 S,F, GYWFITNESS AREA 2,160`7 S,F, PARKINi:NERTICCA,L CIRC ULATIC NI UPLITIES 14,695 S.F. GROUND FLOOR EXg RI R C aoFRED AREAS 310 S,F, TOTAL: 22.165 S.F. rYPK'AL PARMNG FLOORS{TWO-$EVENT PARKING AREAS 22,560 S.F. yERTICAL CIRcL7LATIC:INIUTIL9TlE5 915 S.I` TOTAL PER FLO 23,475 S,F'. TOTAL OVERALL: 140,850 S,F, EDITH FLOOR RESIDENTAL APARTMENTS 16,840 S.F. VERTICAL C IRC ULATIOI!�UUT1LITIES 915 S.F', POOL DECK 5A05 S.F. TOTAL: 21160 S.F, RESH)DJT0 FLOORS(NINE +TEN) 1 1 1 1 1 1 1 VECT6 15 S.F.I UI UTILITIES 9y 1 1 1 1 1 1 1 TOTAL OVEN 3 615 . , 1 1 1 1 1 1 1 GRANO TOTAL(NOPJH BUILDING) 221,685 ,F. 43 1 1 1 1 1 1 1 1 1TOTAL SQUARE FOOTAGE QBOTLI BUILDINGS) 479,445 SF, GREEN 15 SOUTH BUILDING(FLOORS 2-10) APT QUANTITY S®F. TOTAL NET APT S.F. STUDIO-A 2 700 1,400 STUDIO-B 1 800 800 1B-A 2 780 1,560 1 B-B 5 800 4,000 2B-A 1 850 850 213-13 2 860 1,720 2B-C 1 900 900 2B-D 2 930 1,860 213-E 1 950 950 2B-F 4 1,000 4,000 3B 1 1,200 1,200 TOTAL PER FLOOR(APT NET S.F.) 22 8,610 TOTAL SOUTH BUILDING(APT NET S.F.) 198 77,490 TOTAL RESIDENTIAL S.F. PER FLOOR(EXCLUDING AMENITIES) 23,565 TOTAL RESIDENTIAL S.F. SOUTH BUILDING(EXCLUDING AMENITIES) 212,085 APT QUANTITY S.F. TOTAL NET APT S.F. NORTH BUILDING(FLOORS 8-101 Studio 2 780 1,560 1B-A 2 830 1,660 1B-B 1 850 850 1B-C 2 900 1,800 2B 8 1,000 8,000 TOTAL PER FLOOR(APT NET S.F.) 15 13,870 TOTAL NORTH BUILDING(APT NET S.F.) 45 41,610 TOTAL RESIDENTIAL S.F. PER FLOOR(EXCLUDING AMENITIES) 17,755 TOTAL RESIDENTIAL S.F. NORTH BUILDING(EXCLUDING AMENITIES) 53,265 TOTAL BOTH BUILDINGS(EXCLUDING AMENITIES) 243 265,350 Area 0 Calculations GREEN Parking 1 15 LOCATION PARKING NORTH BUILDING FLOOR 1 0 FLOOR 2 68 FLOOR 3 68 FLOOR 4 68 FLOOR 5 68 FLOOR 6 68 FLOOR 7 68 FLOOR 8 0 FLOOR 9 0 FLOOR 10 0 TOTAL NORTH BUILDING PARKING 408 SURFACE LEVEL & PARALLEL PARKING 54 PARKING LOT NEAR TRAIN TRACK 65 TOTAL 527 1111111 45 1111111 1111111 1111111 Capital Stack & Proforma V111.111 � �ar�` '� �#�a t�' �✓;� ' �,z dd'_'„. � ,y�� w §"+ % , ''a ” A ", Ipig 4"n �<; GREEN 1 15 y` 25% Private Equity (GP/LP Structure) : 4, .s' Detailed Proforma to be submitted by Dec 1 , 2020 Iloilo $ Iloilo $ 1111111 7 1111111 Timeline 1-u � saa ` � mY w � 4ar�` '� �#�a t�' �✓;� ' �,z dd'_'„. � ,y�� w §"+ %�, ''a oi R*EEN + 43 #. .u' '`T2."'. fYiY+wa mry�t ` ,� 0.gqyy;Wi�i• e� *A 1, ll, fid' X14,@ yt ip bJ3,; 1�k Sa.” P " 40 rS tW ., 3k Timeline GREEN 115 LOI Submission Date Nov 18, 2020 Elevations & Detailed Proforma Dec 1 , 2020 submission CRA meeting to present proposal Dec 8, 2020 CRA confirmation and contract Jan 2021 Confirmation of Phase 2 & Phase 3 March 2021 with adjacent neighbors Team confirmation Apr 2021 City/CRA pre-application meeting May 2021 Application Submission June 2021 City application review June/July 2021 Response to comments DART Aug 2021 meeting P&D meetings Sep 2021 City commission hearing Oct/Nov 2021 Permit plan preparation Dec 2021 - Feb 2022 Permit application issuance March - May 2022 Construction June 2022 - June 2024 Pre-leasing Feb 2024 � « R� 7,� ElE., aThnk You \d 209 N Federal, LLC 9804S Military Trail Suite E2-10 Boynton Beach, FL 33436 November 30, 2020 Boynton Beach Community Redevelopment Association Attention: Mr. Michael Simon Executive Director 100 E. Ocean Ave Boynton Beach, FL 33435 Re: 115 N Federal Highway Dear Mr. Simon, I have been following the recent interest in the CRA owned 115 N Federal property. As an owner of properties in the downtown area for over 25 years, I am concerned that some of the recent proposals to develop your site are short sighted and do not allow for the downtown to be developed to its full potential. As the owner of 209 N Federal, the neighboring Ice Cream store site, I would like to offer up my proposal to you, as an adjoining property owner to work together with you, the CRA and the City to explore a public/private partnership, allowing for us to combine our sites and working on a development that would maximize the improvement of the site and its impact to the City and its residents. Alternatively, I would also be willing to purchase your property outright. I look forward to hearing from you. Sincerely, 209 N Federal, LLC By: F Davis Camalier Its: Authorized Representative 2020 CRA COMMENT LOG for 115 N. FEDERAL HWY nay,r � nQa C', 8/25/2020 Email Paul Kirchoff 9/6/2020 Email Kim Kelly 9/6/2020 Email Susan Oyer 9/8/2020 Email Paul Kirchoff 10/13/2020 Email Susan Oyer 11/4/2020 Email Brian Benninghoff 11/10/2020 Email Eleanor Essery 11/10/2020 Email James Kosluk 11/20/2020 Email Mary Chaundy dn-,iinistrati °e Assistant City Manager's Office e - Mailing address: P.O. Box 310 Boynton Beach, Florida 3425 Physical address: 100 E. Ocean Ave. I Boynton Beach, Florida 3435 561-742-6015 11�00 CITY OF BOYNTON BEACH Please be advised that Florida has a broad public records law and all correspondence to nie via entail n-,Iay be subject to disclosure.Under, Florida records law, en-iail addresses are public records.Therefore, your,e-n-iail on-in-wni ation and your,e-mail address n-,iay be subject to public disclosure. From: Paul Kirchhoff<pkirch @ bell south.net> Sent:Tuesday, August 25, 2020 12:20 PM To: Romelus, Christina <RomelusCC bbfl.us>; Hay, Woodrow L. <HayW bbfl.us>; Katz,Justin <KatzJrC bbfl.us>; pensergat bbl.us;grantbbfl.us; Grant, Steven <GrantSCbbfl.us> Subject: Development possibility So, let me get this straight... A developer wants to make a bet on downtown that will bring in 500 new residents, bring in millions in property taxes AND get our 3 million back that we horrifically overpaid for the church building, And you are considering scrapping the idea because Hurricane Alley needs parking? I am as big a fan of Hurricane Alley than anyone, but they have street parking and parking next to the tracks. Can't we just carve out a dozen or so spaces for them in the proposed garage and be done with it? HOW LONG will we have to wait to finally get a viable downtown? I am afraid I'll be dead and buried before I see it. I share Steven Grant's desire for a train station, but the "Coastal Link' is a decade or more away. Is there some way you could craft a plan that calls for an option on a piece of the development for that station should that rail project ever come to fruition? The downtown Master plan depicts a train station right across the street from the French restaurant. This is currently used as an FEC railroad spur. The fact that we have a very visible parcel of land in our downtown that is used for stacking railroad ties and track maintenance vehicles is outrageous. Can we perhaps use the 3 million from the sale to buy FEC out for use for parking and/or a future train station? Or use it to buy other land in Boynton that they could use for the spur? We are really not going to have a beautiful downtown unless that goes away. Count me in as strongly SUPPORTING the mixed use development at the site of the old church and parking lot. It is EXACTLY the kind of development that downtown needs. Paul Kirchhoff Downtown resident since 2005 2 "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT BOY t i m"""" amBEACH C R,,A ity: i OPMENT A M. America's Gateway to the Gulfstream Please e advised that Florida has a goad public records law and all correspondence ence to n-ie via en-rail n-,Iay e subject to disclosure.Under, Florida records law, en-sail addresses aro public records.Therefore, your,o-n-iail on-in-wni a ion ars our,o-n-iail address n-,iay e subject o public disclosure. From: Kim Kelly<harleycabo@gmail.com> Sent: Sunday, September 6, 2020 1:36 PM To: LaVerriere, Lori <LaVerriereL@bbfl.us>; Simon, Michael <SimonM@bbfl.us>; Grant, Steven <GrantS@bbfl.us>; Hay, Woodrow L. <HayW@bbfl.us>; Katz,Justin <KatzJr@bbfl.us>; Penserga,Ty<PensergaT@bbfl.us>; Romelus, Christina <RomelusC@bbfl.us> Subject: 115 N Fed Hwy Please see attached as I would like to add this to the proposal for development at 115 N Fed Hwy Boynton Beach, Florida 33435 to be considered at the Sept 8th Board Meeting Kim Kelly 529 E Ocean Ave Boynton Beach FI 33435 561 364 4008 "! 561 364 4083 office 3 �- r�i 1 ._. ..✓,{� ,t _ r {1 b�.•. , r-, . ,.;4,i.0 t,t t},',.. "l ,,,t , „, t .,.:. r,.,,, ,.r- „ ;. � \ � ., Y ) (1 J. :,t . _ , ._. � l ,�� \ .r., S t ,4,.) t i:t 1.. rc+ ,e,r i � i, ,-, i .;:,, t, i'✓.,> Y J S.: ', t •,t t,r, ,,,,. �{t� _ r ��i ,, , ,,,�,\{t c- 211(iN,s.lt,,,r, � ,, },,,r,.,, a )�r,-q., �1 v. _�� �,'r:it .�33�' I� ) ss) ,{\( }}, „�, 1�Ilt t r- .7+�' {;,i, t,. ) ,iit.}ti a,��t'i�� �), i) ss t 1�ry�� , ( �, t ➢,vtn(sti�� rJ�\ l� I t, S t ?', ( , \ U U) ,C E M o C: v o o �, a, CL c n to EE _ M 5 o `w 5 (a U N o d 1 a) 0) U E o o a? a LL U U mI mm _O cmL dQi m LL _ a ' V U) 0 O N pEO LL UE U a) mU L.L_ w- LL N W I C U a3 -0 U N C) N U cL�L a) Ya&s U ..0_)= - N a' > ti>o 0-LO yo Om -Nd ✓ S 'nCO U m N N m d N ai O Co 0 N O E O m Ea 06 E Q Y Lo a) r 7 0 O 0C N7m IL F- C', 3 OFa) a — o � � o o E mcom Q � E U U n as NcE � o o N M o U o o aO O o a b 2 A fn OLLN LO a-CA tli O N M � N M "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT Nicklien, Bonnie From: Simon, Michael Sent: Tuesday, September 08, 2020 9:39 AM To: Shutt, Thuy; Utterback,Theresa; Nicklien, Bonnie Subject: FW: 115 N Federal Hwy project Attachments: satellite parking pic--edit--marked up--152jpg For our 115 N. Fed. Hwy. Public Comment Attachment, please see the email below and attached image. Michael Sin-,ion,n, FR A-R A, CP3P, EI E3 Executive Director Boynton Beach Con'imiunit I ede °elr:pn—,ient Agency 100 E. Ocean Ave. Boynton Beach, Florida 33435 561-600-9091 a 1-333-32ata Sin-,ionM@bbfl.us http://www.boyntonbeachcra.com BOY �" ,C RA COMMUN ITY RUI)EVRI CFMWr America's Gateway to the Gulfstream Please be advised that Florida has a goad public records law and all correspondence to mie via enIail n-,Iay be subject to disclosure.Under, Florida records law, en-,,ail addresses are public records.Therefore, your,e-n-,,ail on-imiuni ation and your,e-niail address n-,iay be subject to public disclosure. From: Susan Oyer<susanoyer@gmail.com> Sent: Sunday, September 6, 2020 5:26 PM To: Grant, Steven<GrantS@bbfl.us>; Penserga, Ty <PensergaT@bbfl.us>; Hay, Woodrow L. <HayW@bbfl.us>; Katz, Justin <KatzJr@bbfl.us>; Romelus, Christina<RomelusC@bbfl.us>; LaVerriere, Lori <LaVerriereL@bbfl.us>; Simon, Michael <SimonM@bbfl.us> Cc: Kim Kelly <kimalley529@ comcast.net>; Kim Kelly <harleycabo@gmail.com> Subject: 115 N Federal Hwy project Dear Mayor,Vice Mayor, Commissioners, City Manager, and CRA Director: 1 I am writing to you all today to encourage you to NOT approve the project for the 115 N Federal Hwy/church property you received in August by Bill Morris and his partners. As a longtime resident of Boynton Beach, and taxpayer, I encourage you to listen to the people and build a project we can all be proud of, that will match the character of our city, and will incorporate its surrounding neighbors. We have an amazing city that sits closer to the Gulftstream than any other city in North America; we have insanely great fishing; we have our share of The Everglades; we have affordable shopping in our mall and designer shopping a short drive away in Palm Beach and Boca Raton; we have "location, location, location" being the midpoint between West Palm Beach and Boca Raton; we offer our residents more family-friendly and fun events than any other city in our county; we are one of the oldest cities in the county with a unique history; and so much more. People want to live in our beautiful, historic city that sits next to the water. But we need smart growth! Below you will find not only my criticism of the project that was presented, but also suggestions to improve it and make it acceptable to the residents. Much of this was covered in my facebook posting to most of you in the last week. First, 8 stories--seriously?! I and the other residents of this city have repeatedly told you we do not want buildings taller than 4 stories in our city. I understand the need for nodes, but that doesn't mean I or other residents want them or feel that they are in keeping with the character of our city. The other residents that have repeatedly stood up and fought against unsightly, out of architectural character, non-compatible buildings should not be ignored either. Countless residents speaking to this on Facebook today, Sunday 9/6. Smart development means doing what is right, and a 4 story maximum is what is right. How does 8 stories with a modern look fit into the character of this part of the city? No compatibility with other buildings sitting on the blocks. The architecture doesn't complement existing mid-century or 1920's architecture. What is the plan for incorporating the surrounding buildings into this development so it looks cohesive? Second, parking! According to the study the commission received about 4 years ago, the downtown was about 1,200 spaces UNDER parked. Harry Woodworth's motto, "don't build it if you can't park it" should be at the forefront of all your decisions. The spaces this new project proposes doesn't touch the approximately 152 we are losing. I'm attaching my parking space count from 2 Sunday's ago. Remember, Hurricane Alley has approximately 50 staff(luckily many walk or get a ride to work), Oyer Insurance has approximately 25 employees, the offices at 533 E Ocean has a dozen employees with the 4 businesses, and there are 5 apartments with tenants. The 515-517 where Fashion Shoppes used to be is currently being renovated back to its original 6 units with multiple tenants who will need parking for the employees. And all these businesses bring in customers, but none more than Hurricane Alley--easily one of the busiest restaurants in our city. Add on parking needs from Ace Hardware, Boardwalk Ice Cream, and the convenience store on Ocean and Federal during busy times. See the next point for my solution. Third, we need parking &purchased homes, we don't need more apartments. A study released in the last 2 or so years shows that Boynton Beach is over-saturated with apartments. We need homes that people can afford to buy, but realistically, this area would be best served with townhomes at full market value. I hope you saw my facebook post with the picture (attached) describing my ideas. A setback from my family's Ocean Avenue buildings; and compatible architecture with our buildings and Ace Hardware and the other peripheral buildings. My thoughts: build townhomes around the periphery of the project; in the middle, build a 4 story parking garage with amenities for the residents on top: pool, gym, sun deck, extensive plantings like City Palms buildings in WPB; residents and their guests would be able to park on the 4th floor, local businesses could park their employees on the 3rd &extra space on the 4th floor; and that would leave floors 1 & 2 of the parking garage to provide parking for the public. Parking problem solved to a large degree! On the 2 floors above the townhomes, add pocket balconies for trees on the parking garage as in the photo. Plan for living roofs 2 on the townhomes as well as roof access for their owners so they can garden/have private gardens. Access to the parking garage can be at the NW and SW corners--facing the railroad tracks. We need more density and these townhomes, plus other planned projects (that need to become smarter) will give the needed density. Yes, we need workforce/affordable housing, but not in the area where we can get top prices for luxury living spaces!!!! This idea helps with our needed urban tree canopy needs, makes downtown a unique architectural destination in our county, helps with the urban heat islands that have been created by the last 2 commissions/CRA boards with the concrete canyons being planned for US1/downtown, and would be visually stunning as "living art". Leave the alley behind my family's buildings so customers can still drive in to pick up take away orders from Kim (covid/pandemic accommodation); remember 2 of the buildings are front and back access for over 6o years now; and put in a green space buffer for the townhomes on this southern end. Fourth, we need to leave space for the impending train station that is due in the next 20 years. Yes, we need to increase the amount of housing and office buildings in the area, but not at the expense of the station. Plan! Remember, you'll be able to add parking, offices, and more luxury townhomes/condos someday on the Bank of America site and the "Villages" site. We really don't ever need more retail under residential, but the "Villages" can handle the needed 2-3 retail spaces (restaurants/convenience store) for the Tri-Coastal Link trains. No building up next to the railroad. Fifth, do not allow this developer to take our public park from us! This park belongs to the public, and should not be controlled by the developer. In any way. Let them adopt the park to pay for the cleaning/maintenance if they really want to help. We have too little greenspace in our city; the study from several years ago showed our lack of greenspace is adversely impacting our property values. We need more greenspace out of any incoming project. The park belongs to the residents-- not some random developer. Are you not learning anything from the Town Square debacle?! Keep the park in public hands. Park adoption is their option--not concerts or other loud projects that adversely impact those living adjacent. Sixth, the proposed project, at 8 stories, will involve lots of pounding the foundation. Months of pounding that adversely impacts the businesses for a couple block radius. It will damage my family's buildings, including our building that houses Hurricane Alley--it is 95 years old and the oldest commercial building in Boynton Beach. My father's insurance sign on the east side is recognized in our city's historic preservation manuals as an example of historic signage. I can't tell you how many people have told me that my father's sign is their place marker for our city--they know they are in Boynton when they see it! The pounding will damage the Oyer building(s) and those other surrounding buildings. We don't need 8 stories and the damage caused by the pounding. Imagine trying to run your business/live in that 5 or so block radius with loud pounding and ground shaking for 8+ hours a day for months: things fall off bookshelves; doors don't fit in their frames anymore; glassware is damaged; you get foundation damage; your building or house gets wall cracks; you can't sleep properly which impacts your health; your pets are scared; and so on. What about sinkholes or saltwater intrusion caused by the foundation pounding for such a tall 3 I project? 1L'L_JLDs:ZZpaLc1,..coni 11—orida neymortridtey/ iiikt,oes-iii-florida-catises-Dreveli'Lioli-alid- IV ----Z_ _b �-p- ------------ ------------------------- _(dJani.a_gt-1r _qgg_ Consider this notice that any and all damage to my family's buildings will be expected to be repaired by the city, CRA, and the developer back to the pre-construction condition--- I'm sure you are planning for this. I'm assuming there will be provisions for repair to all the local buildings and homes that will be impacted if such a tall structure is built. 500 Ocean, at its reduced height, caused damage to the Hurricane Alley building from its foundation pounding. 8 stories will cause more damage. Even my reduced height suggestion, with a setback, will cause damage. at plans are in place by the developer to mitigate damage to all the commercial buildings and homes in the area? The damage will possibly extend to Casa Costa and homes to the south west Plus 500 Ocean, Mariner Village, and all the buildings/homes/apartments to the south east. Seventh, and if not damage, definitely TONS of unhappy business owners taking a hit to their business from customers who don't want to endure the ground shaking and noise to visit these businesses. What about the economic impact--on top of/right after a hit by the pandemic? Who is compensating these businesses? Kim Kelly will take the biggest hit--she has back area dining--who wants construction dust in their food and beer? Mitigation???? Thank you, all of you, for taking the time to read this long email and for taking my insights into consideration as you move forward on this project. Susan Oyer 4 ry — f r �F 1 r� r kir �r t s a I�! r St; s t.. "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT Nicklien, Bonnie From: Simon Michael Sant Tuesday, September 0l2O2O3:S6PM To: NicNien' Bonnie Subec FW:There's More! Hi Bonnie: The email below can be added to the public comment attachment for the 115 item. Michael Simon, FRA-RA, CP3P, LRES Executive Director Boynton Beach CommunityRedeve|opmentAgency 1OOE. Ocean Ave. | Boynton Beach, Florida 33435 t� ��1-�UO-�U�1 | �� 561-737-3258 �= ' m�w SimonK4@bbf|.ua http://vvvvvv.bnyntonbeachcra.com BOYN BE COMMUM America's Gateway tothe Gulfstream Please be advised that Florida has a broad public records law and all correspondence to mie via en-,Iail n-,Iay be subject to disclosure.Under, Florida records |ovv, email addresses are public records.Therefore, youre-moi| communication and youre-moi| address moy be subject to public disclosure. Fromm:VVoh|er, Pamela Sent:Tuesday, September 8, 20203:18PM To: Simon, Michae| <SimonM@bbf|.uo> Subject: FW:There's More! For your records below z dn-,iinistrati °e Assistant City Manager's Office e - Mailing address: P.O. Box 310 Boynton Beach, Florida 3425 Physical address: 100 E. Ocean Ave. I Boynton Beach, Florida 3435 561-742-6015 11�00 :�i�t:rl. lerE'���� � �&us oynton-beach.org/ CITY OF BOYNTON BEACH Please be advised that Florida has a goad public records law and all correspondence to nie via entail n-,Iay be subject to disclosure.Under, Florida records law, en-iail addresses are public records.Therefore, your,e-n-iail on-in-wni ation and your,e-mail address n-,iay be subject to public disclosure. From: Paul Kirchhoff<pkirch @ bell south.net> Sent:Tuesday, September 08, 2020 3:04 PM To: Grant, Steven <GrantSC bbfl.us>; Hay, Woodrow L. <HayW bbfl.us>; Penserga,Ty<Penser aT bbfl.us>; Romelus, Christina <RomelusCC bbfl.us>; Katz,Justin <KatzJrC bbfl.us> Subject:There's More! I see the FEC has decided to deposit even MORE railroad ties in our downtown. IF AT ALL POSSIBLE, please include in the deal with the developers the certainty that this land can be reclaimed for city use, either by lease or sale. We now literally have a DUMP in the heart of our downtown, and it will never be truly developed unless something is done about it. If not possible (FEC may simply refuse to negotiate), this should not disqualify the deal, as the Van Arnem team are excellent developers and it is just the EXACT type of development we are looking for as a city, but please, PLEASE negotiate this because finally being rid of hideous junkyard would be a great asset to the city. Paul Kirchhoff 2 "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT Nicklien, Bonnie From: Simon, Michael Sent: Tuesday, October 13, 2020 11:28 AM To: Nicklien, Bonnie Cc: Shutt,Thuy Subject: FW: parking downtown Attachments: satellite parking pic--edit--marked up--152jpg Hi Bonnie: Will you please keep this for next month's public comment log. Thank you. Michael Sin-,ion,n, ER A-R A, CP3P, EI E3 Executive Director Boynton Beach Con'imiunit I ede °elr:pn—,ient Agency 100 E. Ocean Ave. Boynton Beach, Florida 33435 561-600-9091 a 1-333-32ata Sin-,ionM@bbfl.us 10 http://www.boyntonbeachcra.com C 3 L9 WN BOYN BE "C'R COMMUM REDEVELOPMENTAMCY America's Gateway to the Gulfstream Please be advised that Florida has a goad public records law and all correspondence to mie via enIail n-,Iay be subject to disclosure.Under, Florida records law, en-,,ail addresses are public records.Therefore, your,e-n-,,ail on-imiuni ation ars your,e-niail address n-,iay be subject to public disclosure. From: Susan Oyer<susanoyer@gmail.com> Sent: Tuesday, October 13, 2020 7:45 AM To: Grant, Steven<GrantS@bbfl.us>; Penserga, Ty <PensergaT@bbfl.us>; Hay, Woodrow L. <HayW@bbfl.us>; Katz, Justin <KatzJr@bbfl.us>; Romelus, Christina<RomelusC@bbfl.us>; Simon, Michael <SimonM@bbfl.us>; LaVerriere, Lori <LaVerriereL@bbfl.us> Cc: Kim Kelly <harleycabo@gmail.com> Subject: parking downtown i Dear all: As more discussions happen regarding the 115 N. Federal Hwy area, you will hear more "promises" on parking. The most recent offers up 120 public spaces I believe? I'm attaching the parking count I made about a month or so ago. I've marked up the map so you can see what spaces are where. Depending on how people park along the tracks, you get about 152 spaces in this immediate area. Note we've lost 10 spaces when the city remarked the spaces--I believe I've complained about that in the past. You may want to consider the on street parking being compact cars only like so many cities around the world have done. Then you can get more parking in. Plus, it sets the right tone in our forward- thinking, sustainable city. Let's not reward people for making poor car choices when they buy gas- guzzling, environment destroying massive vehicles that they just don't actually need. Let's reward people for making the right choices for our city, our planet. https://­­­www.youtube.com/­­­­watch?v=L113htfrgeQ As we come into the new paradigm taking hold on the planet, will we be on the right side? Will we be leading? Will we be making the right choices for this increasingly over-populated planet? Feel free to let me know if my math is off. Susan Oyer 2 ry — f r �F 1 r� r kir �r t s a I�! r St; s t.. "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT BUCHANAN PAPTNERS November 2, 2020 Michael Simon Executive Director Boynton Beach Community Redevelopment Agency 100 E. Ocean Avenue Boynton Beach, FL 33435 Dear Michael: Thank you again for meeting with us and Davi Camalier on The Boynton Beach project. We look forward to working with you on that. I am writing to you concerning the CRA property at 115 N. Federal Highway, the site across the street from our project. I realize we have not been involved in the process involving that property up to this point. But we have looked at the proposed plan under the current submission for the site, and we feel that what is proposed is not best for that particular neighborhood nor for Boynton Beach in general. We feel Boynton Beach would benefit from a more walkable, pedestrian friendly development—one that would be lower scale, involve a mix of uses and create a focal point and gathering space for residents and visitors alike. The CRA site is perfect for that type of destination project. That block on Federal Highway, where the CRA site is located, already has a number of the types of users we are talking about. We think it would be beneficial to maintain those users and add more in a well-designed, plaza-like setting that creates gathering space, public amenities and easily accessed retail and restaurants. We also believe the CRA site is the best Iocation for a hotel. Being walkable to restaurants and retail, close to the marina and the Inter-Coastal and not far from the beach, the best chance for a good quality hotel would be in a mixed-use development on the CRA site. And lastly, the potential rail stop should be incorporated into the design in a significant way. A rail stop will bring riders, and the station should be integrated into the project in a visible and highly accessible manner. 9841 Washingtonian Boulevard,Suite 300.Gaithersburg,Maryland 20878.P.301.417.0510.F:301.417.1594.www.buchanapa3viers.c0111 i 1 is t Taken all together, the CRA site provides the opportunity to anchor downtown Boynton with a mix of destination uses. With public space and pedestrian walkability this type of development will draw people downtown and provide amenities for the surrounding projects. There are plenty of sites in Boynton Beach for mid and high.-rise residential. However, from what we have seen, this CRA site is the only one where a truly transformative development can take place. W ouldFbtalou about this further, and look forward to working with you. are Brian S. BPrincipal Buchanan cc: Commissioner Christina Romelus, District II Commissioner Woodrow L. Way, District II Commissioner Justin Katz, District Vice Mayor Ty Penserga, District IV Mayor Steven B. Grant, At-Large Davis Camalier BSB/jhc 9841 Washingtonian Boulevard,Suite 300.Gaithersburg,Maryland 20878.P: 301.417.0510.F:301.417.1594.www.buchanapartners.coni #: "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT Nicklien, Bonnie From: Simon Michael Sant Thursday, November 12' 2O2O11:32AM To: NicNien' Bonnie; Shutt, Thuy Subect FW: Downtown development For the back-up to11Sbelow. Michael Simon, FRA-R/, CP3P, LRES Executive Director Boynton Beach CommunityRedeve|opmentAgency 1OOE. Ocean Ave. | Boynton Beach, Florida 33435 �- ��1-���-������1-�UO-�U�1 | �� �= ' m�w SimonK4@bbf|.ua http://vvvvvv.bnyntonbeachcra.com �� �� �� ��| ��� ��� ��� ��� ��� BOYN I BE COMMUNrfY REDEVELOPMMAGMY America's Gateway tothe Gulfstream Please be advised that Florida has a broad public records law and all correspondence to mie via en-lail n-,Iay be subject to disclosure.Under, Florida records |ovv, email addresses are public records.Therefore, youre-moi| communication and youre-moi| address moy be subject to public disclosure. Fromm:VVoh|er, Pamela Sent:Thursday, November 12, 20209:44AM To: Simon, Michae| <SimonM@bbf|.uo> Subject: FW: Downtown development FYI below z i. i } �a A Pan-iela Wo filer` dn-,iinistrati °e Assistant City Manager's Office e Mailing Address, P.O. Box 310 Boynton Beach, Florida 3425 Physical Address, 100 E. Ocean Ave. I Boynton Beach, Florida 3435 561-742-6015 Wohler`E'@bbflius boynton-bear'hior / ME== 13 ml I I ' CM F HIMHF Please be advised that Florida has a broad public records law and all correspondence to n-ie via en--ail n-,Iay be subject to disclosure.Un er, Florida records law, en--ail addresses are public records.Therefore, your,e-n-iail on-in-wni ation ars your,e-n-iail address n-,iay be subject to public disclosure. From: Eleanor Essery<eleanoresseryr mail.com> Sent:Tuesday, November 10, 2020 4:34 PM To: Grant, Steven <GrantSC bbfl.us>; Penserga,Ty<Penser aT bbfl.us>; Hay, Woodrow L. <HayW bbfl.us>; Katz, Justin <KatzJrC bbfl.us>; Romelus, Christina <RomelusCC bbfl.us> Subject: Downtown development I want my vote counted,I do not want to see yet another apartment complex going in the area. WE need hotel accommodations for when family visits. Tourists spend more money while on vacation than people who live here. THE CRA STATES THEY HAVE HAD NO INTEREST FROM ANYONE ON THE LOT BEHIND US EXCEPT FOR THE MIX USE APARTMENTS WHICH IS UNTRUE. A LETTER WAS WRITTEN BY A DEVELOPER JUST RECENTLY AND EMAILED TO ALL LEADERS AND THE CRA STATING THEY WOULD BE INTERESTED IN A HOTEL AND PUBLIC SPACES . THIS NEEDS TO BE ADDRESSED AND NOT SHOVED UNDER THE CARPET!! SPEAK OUT NOW AND LET YOUR VOICES BE HEARD!! THE CURRENT PROPOSAL WAS HIDDEN FROM NEARBY OWNERS AND THE COMMUNITY BY THE DEVELOPER THAT WANTS APARTMENTS SO IT COULD BE SLID THROUGH WITHOUT OPPOSITION AND I KNOW THIS IS TRUE BECAUSE HE TOLD ME!!! MORE SHADE THAN A CLOUDY DAY DURING A TROPICAL STORM!!! EMAIL YOUR LEADERS NOW THE VOTE IS AT 5:30.. We want more options not just the shady ones!!!!! 2 "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT Nicklien, Bonnie From: Simon Michael Sant Thursday, November 12' 2O2O11:32AM To: NicNien' Bonnie; Shutt, Thuy Subect FW: Condos For the back-up to11Sbelow. Michael Simon, FRA-R/, CP3P, LRES Executive Director Boynton Beach CommunityRedeve|opmentAgency 1OOE. Ocean Ave. | Boynton Beach, Florida 33435 t ��1-�UO-�U�1 | �� ~� 561-737-3258. N�� SimonK4@bbfLua http://vvvvvv.bnyntonbeachcra.com �� �� ��8 ��� ��w ��� m�� 1010111111 1kc COMM Y RMPAIMAENTAGMY America's Gateway tothe Gulfstream Please be advised that Florida has a broad public records law and all correspondence to mie via en-lail n-,Iay be subject to disclosure.Under, Florida records |ovv, email addresses are public records.Therefore, youre-moi| communication and youre-moi| address moy be subject to public disclosure. Fromm:VVoh|er, Pamela Sent:Thursday, November 12, 20209:42AM To: Simon, Michae| <SimonM@bbf|.uo> Subject: FW: Condos Good Morning Mike, Adn-,iinistrative Assistant City Manager's Office e - Mailin address: P.O. Box 310 Boynton Beach, Florida 3425 Physical address: 100 F. Ocean Ave. I Boynton Beach, Florida 3435 561-742-6015 11�00 CITY OF BOYNTON BEACH Please e advised that Florida has a goad public records law and all correspondence to n-ie via en-rail n-,Iay e subject o disclosure.Under, Florida records law, en-,,ail addresses are public records.Therefore, your,e-n-iail on-in-wni a ion ars your,e-n-iail address n-,iay e subject o public disclosure. From:james kosluk<iamesk002000@yahoo.com> Sent:Tuesday, November 10, 2020 5:27 PM To: Hay, Woodrow L. <HayW@bbfl.us> Subject: Please do not vote for condos Sent from Yahoo Mail for iPad 2 "SEPARATOR PAGE" CONTINUE TO NEXT COMMENT Nicklien, Bonnie From: Simon Michael Sant Thursday, November 12' 2O2O11:33AM To: NicNien' Bonnie; Shutt, Thuy Subect FW: N(] MORE Mix Use Apartments inBoynton Beach For the back-up to11Sbelow. Michael Simon, FRA-R/, CP3P, LRES Executive Director Boynton Beach CommunityRedeve|opmentAgency 1OOE. Ocean Ave. | Boynton Beach, Florida 33435 �- ��1-���-������1-�UO-�U�1 | �� �= ' m�w SimonK4@bbf|.ua http://vvvvvv.bnyntonbeachcra.com �� �� �� ��| ��� ��� ��� ��� ��� BOYN I BE COMMUNrfY REDEVELOPMMAGMY America's Gateway tothe Gulfstream Please be advised that Florida has a broad public records law and all correspondence to mie via en-lail n-,Iay be subject to disclosure.Under, Florida records |ovv, email addresses are public records.Therefore, youre-moi| communication and youre-moi| address moy be subject to public disclosure. Fromm:VVoh|er, Pamela Sent:Thursday, November 12, 202010:04AM To: Simon, Michae| <SimonM@bbf|.uo> Subject: FW: NOMORE Mix Use Apartments inBoynton Beach FYI below z Adn-,iinistrative Assistant City Manager's Office e - Mailin address: P.O. Box 310 Boynton Beach, Florida 3425 Physical address: 100 E. Ocean Ave. I Boynton Beach, Florida 3435 561-742-6015 11�00 CITY OF BOYNTON BEACH Please e advised that Florida has a goad public records law and all correspondence to n-ie via en-rail n-,Iay e subject o disclosure.Under, Florida records law, en-,,ail addresses aro public records.Therefore, your,o-n-iail on-in-wni a ion ars your,e-n-iail address n-,iay e subject o public disclosure. -----Original Message----- From: Mary Chaundy<mchaundy@yahoo.com> Sent:Tuesday, November 10, 2020 4:12 PM To: Grant, Steven <GrantS@bbfl.us>; Penserga,Ty<PensergaT@bbfl.us>; HayW@bblf.us; Katz,Justin <KatzJr@bbfl.us>; Romelus, Christina <RomelusC@bbfl.us> Cc: Mary Chaundy<mchaundy@yahoo.com> Subject: NO MORE Mix Use Apartments in Boynton Beach Good Afternoon, Normally, I do not voice an opinion to my city leaders but today I am compelled to act.The City of Boynton Beach does not need any additional Mix Use Apartments in downtown Boynton Beach. A better use for this property off of Ocean Avenue, would be a hotel that would bring tourists into our city to enjoy all that it has to offer. I understand that another developer submitted a letter of interest to build a hotel at that location. Do not allow this letter to be hidden. STOP allowing the CRA to bury this letter so that the shady developer who wants to build the mix use apartments is awarded the bid. We do not need more apartments that will sit vacant in our city! I have been a resident of Boynton Beach for over 20 years and enjoy visiting the local shops and restaurants downtown. We need to attract more tourists to our beautiful city that will support the local businesses downtown to help them thrive. if this letter from this developer gets buried... it will only add additional support to the premise that all government officials are corrupt. Respectfully, Mary Chaundy 8290 Bermuda Sound Way Boynton Beach, FL 33436 Sent from my iPad 2 � ' T ammBt EACH _"CRA: COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 9, 2021 NEW BUSINESS AGENDAITEM: 16.A. SUBJECT: Discussion and Consideration of Letter of Interest Submitted by the Fish Depot Seafood Market for the C RA owned Property located at 401 E. Boynton Beach Boulevard SUMMARY: On March 3, 2021, a Letter of Interest for lease of the CRA owned property located at 401-411 E. Boynton Beach Boulevard was submitted by Tim Collins, owner of the Fish Depot and Seafood Market previously located as a tenant at 1022 N. Federal Highway (see Attachments I- 11). A second Letter of Interest was submitted by Mr. Collins on March 5, 2021 that provides additional details as outlined below(see Attachment 111): • Rental rate: $2,500/month • Financial Assistance Request: CRA Economic Development Grants in the amount of 50% rent reimbursement and 50% reimbursement for build-out costs up to $50,000; and a relocation stipend to be determined in lease negotiations • Lease Term: Annual Month-to-month lease with 10 renewal options • Early Termination Terms: 120 day notice to vacate • Financial details for the proposed project were not provided Property Background: The CRA went under contract to purchase the 401-411 E. Boynton Beach Boulevard property in July 2020 for the price of $917,000 with a closing date of October 30, 2020. Due to circumstances caused by holdover tenants, the closing was postponed and the CRA took ownership of the property on February 26, 2021. The CRA was awarded a FY 2020-2021 grant in the amount of $28,641 from the Solid Waste Authority for the demolition of the 409-411 E. Boynton Beach Boulevard buildings only. CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach CRA Community Redevelopment Plan CRA BOARD OPTIONS: The CRA Board may entertain discussion of the proposed lease terms as submitted and determine whether or not it is in the best interest of the CRA to enter into a lease agreement with the proposer of the unsolicited Letter of Interest provided that they issue a minimum thirty day Public Notice to Lease. Under the CRA Board's Unsolicited Letter of Intent (LOI) to Purchase or Lease Policy, if a second unsolicited LOI is received during the Public Notice Period, the Board could determine 1) that a Request for Proposal should be issued; 2) accept one LOI and move into further negotiations; or 3) reject any and all LO Is submitted to the C RA. ATTACHMENTS: Description D Attachment I - March 3, 2021 Letter Submitted by the Fish Depot Seafood M arket D Attachment II - Location Map D Attachment III - March 5, 2021 Letter of Interest Submitted by the Fish Depot Seafood Market R,r OT tea. 0' TON BE M m 561-375-8363 F1 KDEP TEAT&CO March 2nd, 2021 Mr. Michael Simon, Executive Director Boynton Beach Community Redevelopment Agency 100 East Ocean Avenue, 4" Floor Boynton Beach, FL 33435 Letter of Intent:To Lease the Property located at 402 E Boynton Beach Blvd, Boynton Beach, Florida33435 Dear Mr. Simon, The Fish Depot Seafood Market, previously located at 1022 N. Federal Highway wishes to enter into Lease Negotiations with the CRA and/or City of Boynton Beach for the Property located at 401 East Boynton Beach Blvd. in Boynton Beach, FL 33435. In previous CRA Board meetings it was clear that the CRA/City was waiting for "hold over tenants' to vacate certain properties included in the City's purchase agreement. I have witnessed the tenants clearing out the adjoining commercial spaces which was stated as the hold up in the CRA/City in being able to close on the purchase of the property. I would like this LOI to be entered in the Agenda for the March 91h Meeting in the event that the 30-day period for disposal of city owned property begins now or at that meeting. I have included all of the CRA board members in this email so that everyone is notified of our intentions to lease that property in the interim period until a developer secures approval and work commencement orders to develop the property. If you have any questions please feel free to reach out to me directly. Sincerely, Tim Collins The Fish Depot (954)415-4825 t. k � i s ill `1 reSi i hli' r IT 014 i it lk S�n'�ie � I � "�\}{�ytis r� nt� )S '�� yk V `,•.� � '; 4 T� r # L s IrOT V, TON BE 561-375-8363 March 5th, 2021 Mr. Michael Simon, Executive Director Boynton Beach Community Redevelopment Agency 100 East Ocean Avenue, 4th Floor Boynton Beach, FL 33435 Amended Letter of Intent:To Lease the Property located at 402 E Boynton Beach Blvd, Boynton Beach, Florida33435 Dear Mr. Simon, The Fish Depot Seafood Market, previously located at 1022 N. Federal Highway wishes to amend this Letter of Intent to enter into Lease Negotiations with the CRA and/or City of Boynton Beach for the Property located at 401 East Boynton Beach Blvd. in Boynton Beach, FL 33435 that was submitted on March 2nd, 2021. We propose to open a new Fish Market as soon as possible in this location as we have moved out of the old location.The intention is to create a new look concept from what we were previously offering in the old building. That building has serious issues that prevented us from fully realizing the potential of the business. We will have more offerings and bring a vibrant new business to This location from what it has been for many years. We are offering$2500 per month in rent set up in an Annual Month to Month Lease structure. We are requesting 10 renewal options if the property is not being Developed as so many of these "Future Projects" have sat vacant in Boynton Beach for years and decades even.The renewal options will be worded in both parties best interests in that we can stay as long as we want if the property is not being developed and the City is not hindered by a burdensome long term lease situation that would interfere with the future development. The Terms we are requesting will include a 120 day notice to vacate in the event a developer receives approval to break ground on a new development. We in no way want to stand in the way of Boynton Beaches expansion. We do request a relocation stipend if the vacate option is exercised in the first 4 years. We can negotiate this when finalizing the terms of the Lease Agreement. IrOT V, TON BE 561-375-8363 We will also want to be eligible and approved for all applicable grants in opening this new location. Additionally,we request a 120-day rent abatement in order to get the business open and in full operation. This includes, but not limited to all required licensing and approvals. We will submit a deposit upon approval of these terms and the balance of the First& Last month's rent upon execution. In the event we cannot meet the City's approval requirements, we request a full reimbursement of the funds paid in executing the lease within 10 days. There is a Time is of the Essence here and we intend to move quickly to be open as soon as possible. We have a great following and do no wish to lose our client base to competitors by being closed too long. I would like this LOI to be entered in the Agenda for the March 91h Meeting in the event that the 30-day period for disposal of city owned property begins now or at that meeting. I have included all of the CRA board members in this email so that everyone is notified of our intentions to lease that property in the interim period until a developer secures approval and work commencement orders to develop the property. If you have any questions, please feel free to reach out to me directly. Sincerely, Tim Collins The Fish Depot (954)415-4825 � ' T ammBt EACH _"CRA: COMMUNITY REDEVELOPMENT AGENCY, CRA BOARD MEETING OF: March 9, 2021 NEW BUSINESS AGENDAITEM: 16.13. SUBJECT: Discussion and Consideration of a Tax Deed Sale for the Property Located at 522 NE 4th Street SUMMARY: Utilizing the resources provided to the public by the Palm Beach County Tax Collector, CRA staff has identified an available property for potential acquisition located at 522 NE 41h Street. As indicated on the attached map, this property is located within the Downtown District (see Attachment 1). A vacant commercial building is located on the property and is approximately 1,128 square feet. Due to a time constraints, a third party appraisal was not performed on the property prior to the Board meeting. The Palm Beach County Property Appraiser valued the property in 2020 at $150,274 (see Attachment 11). CRA was able to conduct the attached City lien search (see Attachment 111) which indicates that the property has no outstanding Code Compliance Cases/Liens and/or Mowing/Maintenance Liens. A title search is in the process of being performed on the property and will be provided at a later date. Therefore, at this time, it is unknown if there are any additional liens and/or title defects. The property is not viable if acquired on its own for redevelopment due to the numerous nonconformities that exist onsite and with the current building structure. Additionally, since the property will be acquired through the tax deed process a quiet title action will be required to obtain marketable title. FISCAL IMPACT: FY 2020-2021 Budget, Project Fund, Line Item #02-58200-401, amount to be determined by CRA Board CRA PLAN/PROJ ECT/PROGRAM: 2016 Community Redevelopment Plan - Heart of Boynton CRA BOARD OPTIONS: To be determined by the Board after further discussion. ATTACHMENTS: Description D Attachment I - Location Map D Attachment II -2020 PAPA Estimated Market Value D Attachment III - Lien Search 2/22/2021 PAPA Maps 2 DOROTHYJACKS - -�CFA,AAS =p P BeachZ tyP p rt Appraiser Search by Owner,Address or Parcel e View PropertYRecord 2,11 is ifrl�s Owners PEARL SPECIAL NEEDS TRUST HALLJAMES WILLIAM II TR - Property Detail tv!� }4�1 o,v,orl 522 NE 4TH ST .. BOYNTON BEACH ce. 0'434521260030010 ROBERT ADD TO TOWN OF P »,v `��,,..:; ^,: BOYNTON IN .,c 31 539 Page 1747 Sale Date JUN 2020 tit�-(� � I - i} •s si � e, ��,. WEINBERG LAW FIRM PA C/O 319 CLEMATIS ST STE - .tl .' 711 Address �t4 WEST PALM BEACH FL 33401 4622 'se. Yoe 1 100-STORES r)� 1 � ,.� ' 1128 s {s;j��l st t`1{ 011 t Square 1--ee-1 Sales Information ` i" � Sales Date PriceGJw '�P JUN-2020 10 �� - e '` i }' • JUL-2019 10 i .MAY-2019 10 r � il{r}0fl's i 1 11i�'���iy sv ksD �~L NOV-2011 175000 DEC-2001 37000 12 lkyt�hu;�� Appraisals yS{tk )i t s i L �t�ttj� r Tax Year 2020 .. ... _ .: $82,167Mn .ee : t�u= t ,IRS" _ r� 'i�ktl4s fil k( {{ 1 1 .. V •e=. $68,107 ' P tK = ( -__ {, a _ \4�)I)'4 r',�`f��{f \W i _ in rl� ,�Il���tt ��k�i- t- .,,,.a.Market`,aiue $150,274 t��������e���- - ��, 1: i�{,�����I)'? f � - �k��•;�i� z� �,`��E ( a1 C All values are as ofJ Y 1st anuar each year Assessed Taxable values } Tax Year 2020 - � oo) 'a A^sessed Vm.ue3 $150,274 .�fss� �s "t', . x . .e.Vaiue=. $150,274,e�.'. Taxes Tax Year 2020 Ad Vaiore.m $3,216 https://maps.co.palm-beach.fl.us/cwgis/papa.html?qvalue=08434521260030010 1/1 PAPA Banner Location Address 522 NE 4TH ST "+Tuaicipalitw BOYNTON BEACH Parcel Control Iunr 08-43-45-21-26-003-0010 Sualvision ROBERT ADD TO TOWN OF BOYNTON IN Official Records Boob 31539 Page 1747 Sale bate JUN-2020 Leal Description ROBERT ADDITION LT 1 BLK 3&E 1/2 OF 20 FTABND PT OF ALLEY LYG W OF&ADJ TO Mailing address Owners PEARL SPECIAL NEEDS TRUST WEINBERG LAW FIRM PA C/O 319 CLEMATIS ST STE 711 HALL JAMES WILLIAM II TR WEST PALM BEACH FL 33401 4622 Sales Date Price ilool R Sale Type Owner JUN-2020 $10 31539/01747 QUIT CLAIM PEARL SPECIAL NEEDS TRUST JUL-2019 $10 30760/01843 QUIT CLAIM BELLA LA CAVA INC MAY $10 30639/00010 QUIT CLAIM HALL KAREN L 2019 2011 $175,000 24852/00686 WARRANTY CUTHILLS BACKYARD LLC DEED DEC-2001 $37,000 13195/01411 WARRANTY BOB KATZ PROPERTIES DEED 12 No Exemption Infortuation Available. *Total I urn ser of IJnits 0 Scluare Feet 1128 Acres 0.0874 JJse Code 1100- STORES Zoning C4-C4 GENERAL COMMERCIAL(08- BOYNTON BEACH) Tax Year 2020 2019 2018 Improvement Value $82,167 $78,217 $78,540 Land Value $68,107 $64,871 $62,968 Total Market Value $150,274 $143,088 $141,508'' All values are as of January 1 st each year Tax Year 2020 2019 2018 AsscsscdValue $150,274 $143,088 $141,508'' E xemption Amount $0 $0 $0 'T'axable Value $150,274 $143,088 $141,508'' Tax Year 2020 2019 2018 Ad Valorem $3,216 $3,092 $2,980 Ion Ad Valorem $387 $389 $389 Total tax $3,603 $3,481 $3,369 Page 1 of 6 City of Boynton Beach Interest In Real Property This document serves as constructive notice of the City of Boynton Beach's interest in the real property identified below. PCN 08434521260030010 Property Address 522 NE 4TH ST Search performed by Bonnie Nicklien of Individuals(Florida)on Feb 26, 2021 at 06:08:43 A.M. PST Tracking Number: 1890047 Access PIN: 92831 (ITEM 1 of 12) Building Permit Application Number17-00003243 Application Date 08/23/2017 Fee Type PF-PERMIT FEES Amount Due $0.00 Application Type MS-MISCELLANEOUS STRUCTURE Application Status AP-APPROVED For compliance please contact the Department of Development, Building Division via messaging. (ITEM 2 of 12) Building Permit Application Number 17-00003243 Application Date 08/23/2017 Fee Type DB-DBPR BLDG CODE ADM & INSP Amount Due $0.00 Application Type MS-MISCELLANEOUS STRUCTURE Application Status AP-APPROVED For compliance please contact the Department of Development, Building Division via messaging. This report prepared and delivered via Conduits TM,a service from Net Assets Corporation / To use Messaging regarding this report,go to http://conduits.netassets.net/messaging.html ` 1 Page 2 of 6 City of Boynton Beach Interest In Real Property (ITEM 3 of 12) Building Permit Application Number 17-00003243 Application Date 08/23/2017 Fee Type DC-DEPT COMMUN AFFAIRS SURCH Amount Due $0.00 Application Type MS-MISCELLANEOUS STRUCTURE Application Status AP-APPROVED For compliance please contact the Department of Development, Building Division via messaging. (ITEM 4 of 12) Building Permit Application Number 17-00003243 Application Date 08/23/2017 Fee Type GR-GREEN BUILDING FEE Amount Due $0.00 Application Type MS-MISCELLANEOUS STRUCTURE Application Status AP-APPROVED For compliance please contact the Department of Development, Building Division via messaging. This report prepared and delivered via Conduits TM,a service from Net Assets Corporation / To use Messaging regarding this report,go to http://conduits.netassets.net/messaging.html ` 1 Page 3 of 6 City of Boynton Beach Interest In Real Property (ITEM 5 of 12) Building Permit Application Number 17-00003243 Application Date 08/23/2017 Fee Type PN -PENALTY FEE Amount Due $0.00 Application Type MS-MISCELLANEOUS STRUCTURE Application Status AP-APPROVED For compliance please contact the Department of Development, Building Division via messaging. (ITEM 6 of 12) Building Permit Application Number 17-00003243 Application Date 08/23/2017 Fee Type CP-PHOTOCOPIES Amount Due $0.00 Application Type MS-MISCELLANEOUS STRUCTURE Application Status AP-APPROVED For compliance please contact the Department of Development, Building Division via messaging. This report prepared and delivered via Conduits TM,a service from Net Assets Corporation / To use Messaging regarding this report,go to http://conduits.netassets.net/messaging.html ` 1 Page 4 of 6 City of Boynton Beach Interest In Real Property (ITEM 7 of 12) Building Permit Application Number 17-00003243 Application Date 08/23/2017 Fee Type CT-PHOTOCOPIES SALES TAX Amount Due $0.00 Application Type MS-MISCELLANEOUS STRUCTURE Application Status AP-APPROVED For compliance please contact the Department of Development, Building Division via messaging. (ITEM 8 of 12) Building Permit Application Number 19-00004812 Application Date 11/06/2019 Fee Type PF-PERMIT FEES Amount Due $0.00 Application Type MECH-AIR CONDITIONING COMM Application Status AP-APPROVED For compliance please contact the Department of Development, Building Division via messaging. This report prepared and delivered via Conduits TM,a service from Net Assets Corporation / To use Messaging regarding this report,go to http://conduits.netassets.net/messaging.html ` 1 Page 5 of 6 City of Boynton Beach Interest In Real Property (ITEM 9 of 12) Building Permit Application Number 19-00004812 Application Date 11/06/2019 Fee Type DB-DBPR BLDG CODE ADM & INSP Amount Due $0.00 Application Type MECH-AIR CONDITIONING COMM Application Status AP-APPROVED For compliance please contact the Department of Development, Building Division via messaging. (ITEM 10 of 12) Building Permit Application Number 19-00004812 Application Date 11/06/2019 Fee Type DC-DEPT COMMUN AFFAIRS SURCH Amount Due $0.00 Application Type MECH-AIR CONDITIONING COMM Application Status AP-APPROVED For compliance please contact the Department of Development, Building Division via messaging. This report prepared and delivered via Conduits TM,a service from Net Assets Corporation / To use Messaging regarding this report,go to http://conduits.netassets.net/messaging.html ` 1 Page 6 of 6 City of Boynton Beach Interest In Real Property (ITEM 11 of 12) Building Permit Application Number 19-00004812 Application Date 11/06/2019 Fee Type GR-GREEN BUILDING FEE Amount Due $0.00 Application Type MECH-AIR CONDITIONING COMM Application Status AP-APPROVED For compliance please contact the Department of Development, Building Division via messaging. (ITEM 12 of 12) Code Enforcement Case Number 15-00000690 Date Opened 03/23/2015 Case Type LIEN-LIEN Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. (UTILITY 1 of 1) Utilities Customer Number 283049 Current Amount $2,110.75 Customer Status ACTIVE Conduit reports may not reflect outstanding balances owed to the City due to write-offs or other internal account adjustments. Please note, written off balances or other debt incurred by a property owner must be paid prior to the initiation of new utility service at a property. In order to obtain accurate account information, please contact the Utilities Department at the City of Boynton Beach via messaging. No outstanding Mowing and Maintenance Liens were found. SERVICE FEE FOR THIS REPORT PAID IN FULL: $115 This staterrent is furnished at the request of the applicant for informational purposes only, and the City of Boynton Beach, its officers or employees assurTtf,:-, no responsibility or liability whatsC3f,:-,'Vf,:-,r for thf,:-,authenticity or correctness of thf,:-, mai{:f,:-,rs sf,:-,t forth herein. 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